Stockholm/Bad Homburg v.d.H., May 4th, 2017 – Creathor Venture, leading European venture capital firm in the high-tech space, announced today that they invest 1.5 million euros in Adaptive Simulations together with Estonian VC Karma Ventures. Adaptive Simulations is a spin-out of highly ranked tech-university KTH Royal Institute of Technology in Stockholm.
Adaptive Simulations offers the virtual simulations market cloud-based fully automated flow simulations as a service. The technology has the potential to increase the current market volume twentyfold. There are currently around 500.000 users of non-automated flow simulations while the potential global market for automated simulations is estimated to encompass more than 10 million users. Target industries for Adaptive Simulations’ offering include, amongst others, automotive and construction.
The product innovation is enabled by adaptive algorithms, based on years of research in numerical analysis, computer science and CFD (Computational Fluid Dynamics) at KTH Royal Institute of Technology. Now, the ground-breaking research is finally mature for commercialisation. The algorithms replace the cumbersome and complex work done manually by simulations experts today.
“Fully automated flow simulations have been somewhat of a holy grail for the simulations industry. The implications of automated flow simulations can be compared to the automation of weavers in the 19th century. The leap from manual weaving to automated weaving transformed the textile industry completely. Now, we want to do the same with the simulations industry”, says Sebastian Desand, the CEO of Adaptive Simulations.
In a nutshell, the innovative solution offered by Adaptive Simulations:
- shortens both product design cycle and time to market
- increases accuracy and reliability of flow simulations
- reduces the cost of flow simulations by around 70%
- makes simulations easy and available to anyone
Dr. Gert Köhler, Managing Partner at Creathor Venture, comments: “We are convinced of Adaptive Simulations’ innovative solution and see great potential in automating flow simulations across multiple industry verticals. We see a market need for effectiveness in design processes while maintaining high accuracy and performance. The team behind Adaptive Simulations is well positioned to serve this need and to become leaders in the simulation software market. With this investment, we further strengthen our commitment to create value in European deep tech.”
About Creathor Venture
As a leading pan-European Venture Capital firm, Creathor Venture invests in technology-oriented companies and entrepreneurs. Creathor Venture focuses on mobile, digital media, cloud technology, artificial intelligence, internet of things, sharing economy, fintech. In the life science sector, we invest in selected areas such as precision medicine, enabling platforms, medtech and digital health. Regional focus is on Germany, Switzerland, Austria, France and the Nordics. The management team of Creathor Venture consists of the CEO Dr. Gert Köhler, Karlheinz Schmelig and Cédric Köhler. The team has been investing successfully in the early-stage venture capital business for 30 years. During that time, the team has built more than 200 technology companies successfully, conducted more than 20 international IPOs and has achieved exceptional returns for fund investors and the financed entrepreneurs in the past, all in the position as lead investor. The current portfolio of more than 30 companies is actively supported in development, growth and internationalization by a team of 19 staff. Creathor Venture manages funds of more than EUR 220 million and holds offices in Bad Homburg (Frankfurt), Tutzing (Munich), Zurich and Stockholm. As the largest investor in Creathor’s funds, the management underlines its entrepreneurial orientation.
About Adaptive Simulations
Adaptive Simulations, founded in January 2015, is a deep tech start-up offering fully automated simulations based on cutting-edge research. The company is based in Stockholm, Sweden, but offers their cloud-based solution globally. Visit www.adaptivesimulations.com for more information. Images of the team can be found at Adaptive-Dropbox.