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BMW i Ventures, an independent venture capital firm of the BMW Group, has announced an investment (of undisclosed value) in Simr (formerly known as UberCloud), a California-based cloud simulation company, that gives engineers a single platform for using any compute resources with any leading simulation tool. Simr secured $20M in Series A funding led by Uncorrelated Ventures, with investments also from BMW i Ventures and Earlybird Venture Capital. The funding will drive further expansion into North America and Europe, while also growing the company’s engineering and product innovation teams.
The key talking point here is Simr’s newly launched Simulation Operations Automation (SimOps) platform which has the potential to revolutionise how engineers design, verify, and test products by automating sophisticated simulations in the cloud. The platform not only enables the implementation of SimOps best practices but also boosts innovation and productivity among design engineers while enabling IT and operational control. In the words of Burak Yenier, Co-Founder & CEO of Simr, “SimOps is the much-needed new engine of manufacturing simulations.”
Simr works closely with leading simulation platform providers like Ansys, Siemens and Dassault Systèmes.
Sharing his thoughts on the company’s investment in Simr, Baris Guzel, Partner at BMW i Ventures, said, “SimOps gives engineering teams the power to explore more options faster and at lower cost. As manufacturing continues to evolve towards more digital and simulation-driven development processes, Simr is well-positioned to play a pivotal role in this transformation.”
Operational since 2011, BMW i Ventures has $800 million under management and has invested in over 75 startups, including Bcomp, Boston Metal, CelLink, ChargePoint, GaN Systems, Motorway, Tekion, and Xometry.
