Dive's technology treats fluids as particles rather than an interconnected mesh, a technique borrowed from astrophysics. Initially, the software was used for project-based work, but by 2021, Dive began selling licenses. The company's early customers were from the automotive industry, but it also targets household appliance manufacturers and companies building dispensing systems. The new funding will be used to expand its simulation portfolio and strengthen its data analytics and data governance programs.
Key takeaways:
- Dive, a company that focuses on Computational Fluid Dynamics (CFD) simulations, has raised a $10 million Series A round led by D.E. Shaw group.
- The company was spun out of Bosch in 2018 and uses modern mathematical approaches and cloud computing to change how manufacturers use computer simulations.
- Dive's customers include BMW, BSH, Kärcher, Siemens and ZF, and it plans to use the new funding to expand its simulation portfolio and strengthen its data analytics and data governance programs.
- The company's approach is designed to reduce industrial production timelines and costs, leading to greater efficiency in the engineering process.