Akselos Raises CHF2.2M to Further Expand Into the Offshore Market
Lausanne, Switzerland, September 16, 2016 --(PR.com)-- Akselos S.A., the mechanical simulation software company on a mission to make simulations of large-scale engineering infrastructure faster, today announced it has raised an additional CHF2.2M financing round, composed of equity funding, a credit line, and a prestigious Eurostars grant.
The company will use the funds to continue its market expansion in the offshore market, where its technology helps build safer and monitor more reliable structures (supertankers, platforms, wind turbines support structures, etc.), enabling the engineers to optimise designs and perform safe life extension of assets.
The round was mainly subscribed by existing shareholders, reiterating their high confidence in the very high potential of next generation CAE tools in the context of the high-growth CAE market, now further fueled by heavy industry manufacturers shifting to Industry 4.0.
One of two new investors, Forticap’s Partner, Faris Sabeti, commented, “We are honored to have been invited to participate in this private investment and enjoy the opportunity to back such a strong, dedicated and focused team of professionals. We are excited to see further progress in the ongoing commercialization process and enhancement of Akselos’ cutting edge technology. I have known for many years the CEO Thomas Leurent, a highly respected entrepreneur and angel investor in the Swiss hitech ecosystem, and look forward to collaborating closely with his team going forward to fulfill the company’s vision.”
Highly innovative, Akselos is driven by the vision of the Internet of Big Things, where with the help of its technology integrated with sensors, operators could use predictive maintenance to save billion of dollars in operational accidents and downtime.
CEO Thomas Leurent comments, “The Akselos team now has an outstanding track record of delivering powerful simulation technology to industry leaders. As version 3.0 of our software is released, it is now time to invest in growth. This 2.2MCHF round will enable Akselos to serve more industry leaders, with whom we are already forging very strong partnerships.”
Akselos provides extremely fast and accurate simulations for large engineering systems. For industrial purposes we provide turnkey full 3D Finite Element models of assets. To find out more about our industrial service visit our website or send us an email to info@akselos.com.
The company will use the funds to continue its market expansion in the offshore market, where its technology helps build safer and monitor more reliable structures (supertankers, platforms, wind turbines support structures, etc.), enabling the engineers to optimise designs and perform safe life extension of assets.
The round was mainly subscribed by existing shareholders, reiterating their high confidence in the very high potential of next generation CAE tools in the context of the high-growth CAE market, now further fueled by heavy industry manufacturers shifting to Industry 4.0.
One of two new investors, Forticap’s Partner, Faris Sabeti, commented, “We are honored to have been invited to participate in this private investment and enjoy the opportunity to back such a strong, dedicated and focused team of professionals. We are excited to see further progress in the ongoing commercialization process and enhancement of Akselos’ cutting edge technology. I have known for many years the CEO Thomas Leurent, a highly respected entrepreneur and angel investor in the Swiss hitech ecosystem, and look forward to collaborating closely with his team going forward to fulfill the company’s vision.”
Highly innovative, Akselos is driven by the vision of the Internet of Big Things, where with the help of its technology integrated with sensors, operators could use predictive maintenance to save billion of dollars in operational accidents and downtime.
CEO Thomas Leurent comments, “The Akselos team now has an outstanding track record of delivering powerful simulation technology to industry leaders. As version 3.0 of our software is released, it is now time to invest in growth. This 2.2MCHF round will enable Akselos to serve more industry leaders, with whom we are already forging very strong partnerships.”
Akselos provides extremely fast and accurate simulations for large engineering systems. For industrial purposes we provide turnkey full 3D Finite Element models of assets. To find out more about our industrial service visit our website or send us an email to info@akselos.com.
Contact
Akselos
Walaa Wehbe
+41 21 693 8721
www.Akselos.com
Walaa Wehbe
+41 21 693 8721
www.Akselos.com
Contact
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