BeyondMath funding news – London-based BeyondMath Secures $8.5Million in Seed Funding
Aug 21, 2024 | By Team SR
BeyondMath, a leader in advanced engineering simulation, secures $8.5million in seed funding led by UP. Partners with significant participation from Insight Partners and InMotion Ventures, the investment arm of JLR. With the help of this funding, BeyondMath can continue its ambitious goal of using its AI-driven multiphysics simulation platform to revolutionize engineering methods worldwide.
SUMMARY
- BeyondMath, a leader in advanced engineering simulation, secures $8.5million in seed funding.
- AI simulation of the physical world: BeyondMath is revolutionizing numerical simulation in research, engineering, and design by putting AI first.
In order to improve the features of its platform, it is one of the first to use an NVIDIA DGX H200 machine. The superior AI supercomputing capabilities of DGX H200 systems enable BeyondMath to train its physics solver at industrial sizes.
Alan Patterson, CEO of BeyondMath said, "The NVIDIA DGX H200 is a game-changer for AI-driven simulation, With its robust computing power, we’re equipped to push the boundaries of what is possible in physics-based engineering."
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Carlo Ruiz, vice president of EMEA AI Data Center Solutions at NVIDIA said, “Accelerated computing is revolutionizing industries by enabling unprecedented speed and accuracy in complex simulations, By deploying NVIDIA DGX H200 systems, BeyondMath is equipped to redefine physics-based engineering, training AI models at industrial scales to deliver groundbreaking solutions that can help customers increase efficiencies and speed innovation.”
It is a component of a revolution in modeling for intricate physical phenomena that is vital for the design of anything from automobiles and airplanes to lithium-ion batteries and data center architecture. The company wants to introduce new, effective choices to the market with its AI platform.
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The solution from it is intended to eliminate engineering process inefficiencies, resulting in significant cost savings, quicker development cycles, and less environmental impact. "With our innovative AI platform, we anticipate saving billions for our customers, streamlining industry workflows, and significantly cutting unnecessary carbon emissions," Patterson continued.
UP.Partners led the fundraising round, and its chairman, Adam Grosser, noted that the company's goals aligned with both BeyondMath's and their own. "At UP.Partners, we aim to facilitate the exact kind of paradigm change that BeyondMath embodies. Their platform has the potential to revolutionize the core technologies of globally influential sectors, enhancing their speed, efficacy, and sustainability.
Ganesh Bell, Managing Director at Insight Partners said, "Insight Partners, known for their strategic investments in transformative technologies, also backed it, recognizing its potential to redefine engineering standards. BeyondMath's approach to leveraging AI for multiphysics simulations is precisely the innovation that can disrupt industries globally, Their technology is not only set to enhance design accuracy and efficiency but also aligns with our commitment to supporting sustainable, high-impact solutions.”
Mike Smeed, Managing Director at InMotion Ventures said," InMotion Ventures, the investment arm of JLR, also supported BeyondMath in its seed round, recognizing the company’s position at the cutting edge of engineering technology. BeyondMath's sophisticated AI-driven simulation platform is helping redefine the parameters of design and engineering, enhancing speed and precision across industries. Their approach aligns seamlessly with our mission to invest in early-stage businesses with the potential to accelerate JLR’s Reimagine strategy. We look forward to working closely with the BeyondMath team”.
About BeyondMath
AI simulation of the physical world: BeyondMath is revolutionizing numerical simulation in research, engineering, and design by putting AI first. a sector that is ready for AI disruption and still relies on technologies from decades ago.