Generative Engineering has raised a €4m pre-seed round led by EQT Ventures, with the funds to be used in developing its platform to ‘radically increase the efficiency of engineers and the entire engineering process’.
The founding team has a deep-rooted background in software and cloud solutions, and a proven track record of scaling CAPEX intensive hardware businesses.
Generative Engineering says its platform works throughout the engineering process – from designing individual parts to developing complex systems, across concept engineering to systems integration and cost engineering, allowing thousands of designs to be generated and tested in parallel.
With these tools, the team say that engineering teams can make better and more informed decisions.
In addition, the company has developed a powerful code-first integration framework that allows engineers to plug in existing tools and use them alongside out-of-the-box integrations.Meaning that engineers can become more efficient while maximising every investment in their existing software tools.
The founding team, Joe Griston, Nick Arini, Laurence Cook and Nick Boultbee have backgrounds ranging from PhD-level computational engineering at MIT to product management at Google. The team experienced the complexities of general engineering first-hand by building the British electric vehicle manufacturer, Arrival, and contributing to many of its core innovations and the company’s subsequent listing, the second largest in UK history.
At this point, the team moved on to establish Generative Engineering, having understood the impact enhanced engineering processes could have on the industry, and the world.
Joe Griston, Generative Engineering co-founder and co-CEO, said: “Engineers of real-world products are the unsung heroes of the modern world, they bring solutions to many of the planet’s critical issues, but time is of the essence. We need a faster way to make engineering more cost-effective, efficient and productive. Our platform will supercharge engineers, giving them the tools to exponentially increase their impact by generating and showcasing thousands of different tested designs in a fraction of the time.”
The pre-seed round was led by EQT Ventures with participation from Join Capital.