| Project Detail |
SimScale is a Germany-based start-up developing a cloud-based engineering simulation platform for engineers, designers and architects. The EIB financing will finance the companys research and development activities to enhance the simulation platform and support its business expansion.
Objectives
The aim is to support the development of additional features of the promoters simulation software suite, its deployment in the cloud infrastructure, the strengthening of customer service and sales functions as well as the overall expansion of the business.
Sector(s)
Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 66 million |
