Neural Concept Reports 10 U.S OEMs Adopt Its Platform

Neural Concept, a 3D artificial intelligence platform that blends product design with engineering intelligence, has opened a new office in New York. This expansion positions Neural Concept closer to key customers and original equipment manufacturers (OEMs) across North America. The company has established partnerships with more than 10 U.S automotive OEMs and suppliers, alongside collaborations with companies operating in consumer goods, electronics and aerospace industries.

This news follows the company’s announcement in June 2024 of a $27 million Series B funding round, led by Forestay Capital with existing investors and investment and technology development firm the D.E. Shaw group participating.

Founded in 2018 and headquartered in Lausanne, Switzerland, 70+ OEMs including Airbus, General Electric, Subaru—and four out of 10 Formula 1 racing teams—use Neural Concept’s platform to bake engineering intelligence into their product development process.

Neural Concept’s technology combines data science, MLOps, and application deployment capabilities to make engineering intelligence central to the product simulation and development process. The platform is designed to reduce product development times; accelerate product simulation; and improve product characteristics, including efficiency, safety, speed, and aerodynamics.

“Opening our first office in the United States is a significant step for Neural Concept as we expand our global operations with a strong presence across Europe, North America, and APAC," says Thomas von Tschammer, co-founder and managing director of Neural Concept USA. "Our new East Coast office situates us close to our U.S. customers and partners and helps us meet strong demand from diverse industries including automotive, aerospace, consumer electronics and micro-electronics.”

Sources: Press materials received from the company and additional information gleaned from the company’s website.