Swiss AI-engineering upstart Neural Concept raises $27m

Founded in 2018, Neural Concept has developed what it calls an ‘Engineering Intelligence’ platform that enhances the design process with ‘3D Deep Learning’. The company claims its technology can reduce product development time by up to 75 per cent and accelerate product simulation by up to 10x.

Despite its relative youth, Neural Concept already counts over 60 OEMs as customers, including Airbus, Bosch, General Electric and Subaru, as well as four out of the 10 current Formula 1 teams. This latest cash injection follows a $2m seed round in 2020 and a $9m Series A round in March 2022.

“The world is facing unprecedented global challenges that urgently require innovative engineering solutions,” said Pierre Baqué, co-founder and CEO at Neural Concept.

“Engineering teams are under enormous pressure to deliver smarter, safer, and more sustainable products faster – but to do this requires a fundamentally new approach. Neural Concept allows OEMs to place leading-edge 3D Deep Learning and Generative AI right at the heart of their product development – improving collaboration and processes while helping identify innovative solutions.”