CELUS, a German deep tech company that uses AI to streamline circuit board engineering, raised €25 million in Series A funding.
The investment round was led by Earlybird Venture Capital, with participation from DI Capital and existing investors Speedinvest and Plug and Play.
A host of individuals participated in the oversubscribed round and formed CELUS’ expert advisory board. It includes Sir John Rose (former CEO of Rolls Royce); Sir Peter Bonfield (Chairman of TSMC and NXP); Carl-Peter Forster (CEO of Opel, GM Europe, and Tata Motors); Paul Gojenola (Electronic Engineering Lead at Google); Martina Koederitz (former CEO IBM Germany and DACH, & former IBM Global Industrial Managing Director); and Koenraad Crooijmans (former Investment Banker at Morgan Stanley).
CELUS will be using this investment to further prioritize rapid growth with a strong focus on the US market, strengthen its commercial team, and further enlarge its technology leadership.
Company: CELUS GmbH
Round: Series A
Funding Month: July 2022
Lead Investors: Earlybird Venture Capital
Additional Investors: DI Capital, Speedinvest, Plug and Play, Sir John Rose, Sir Peter Bonfield, Carl-Peter Forster, Paul Gojenola, Martina Koederitz, and Koenraad Crooijmans
Company Website: https://www.celus.io/
Software Category: CELUS Engineering Platform
About the Company: Founded in 2018 by Tobias Pohl, Alexander Pohl, and André Alcalde, CELUS is a deep tech software venture based in Munich, Germany. The CELUS Engineering Platform is fully SaaS (Software-as-a-Service) based and works in the cloud. uses AI and complex algorithms to automatically turn functions and requirements into fully functional electronics solutions. It works with the vision to open up new levels of efficiency and quality assurance to electronic engineering professionals, distributors, and component manufacturers alike. Its cloud-based engineering platform supports electronics engineers with rich component data from electronic manufacturers and adds automation to accelerate the design process and reduce design time by up to 90%. This is particularly crucial right now with the industry facing severe chip shortages. Already, over 1,800 engineers use the CELUS Engineering Platform.