Quaisr, a London, UK-based cloud integration service for digital twins, raised $3.1 million in a pre-seed funding round.
The round was led by Crane Venture Partners, with Acequia Capital and angel investors including Hybris Founder, Carsten Thoma, and Encord founder Eric Landau participating.
The funding is expected to help the company expand its team size, focusing on business development and engineering positions.
“Many techniques that have seen universal uptake in tech companies, for example, DevOps and MLOps, are now making their way into the heavy industries where process simulation is critical—manufacturing, pharmaceuticals, and consumer goods,” explained Quaisr CEO Lachlan Mason. “We see a SimOps category, combining simulation with operational data, as the natural progression, and Quaisr is pioneering the first set of end-to-end tooling for engineers and research scientists to automate their processes at scale, and in a self-service fashion.”
Harnessing the power of years of digitalization investments by multinationals, Quaisr is helping engineering teams connect the building blocks and putting them at their fingertips.
Company: Quaisr Limited
Raised: $3.1M
Round: Pre-Seed Round
Funding Month: May 2023
Lead Investors: Crane Venture Partners
Additional Investors: Acequia Capital, Hybris Founder, Carsten Thoma, and Eric Landau
Company Website: https://www.quaisr.com/
Software Category: Simulation Automation Platform
About the Company: Founded in 2019 by Lachlan Mason and Richard Craster, Quaisr is a cloud-based API and SDK for simulations and application development. The platform offers cloud editor and development platforms, SDKs, and APIs for application development. It works by developing team simulations, simulating the application data, and performing operational simulations. Also, it offers low-code frameworks for developing applications. It leverages machine learning technology for simulations.
Source: https://tech.eu/2023/05/01/simplifying-the-process-of-linking-data-simulations-and-ai-quaisr-raises-3-1-million/