Fundz

Celus, Which Uses Ai To Automate Circuit Board Design, Raises $25.6M

PRIVATEJul 06, 2022

Amount Raised

$25.6 Million

Round Type

Funding Round

GermanySoftwareConsumer GoodsConsumer Electronics

Description

Just about every electronic contraption you care to think of contains at least one printed circuit board (PCB), which serves to house and connect the various components that allow the device to function as a whole. While circuit boards are mostly invisible to end-users, they are foundational to the world they inhabit, powering smartphones, automobiles, microwave ovens, garage doors, and the entire connected world.

Quick answer

Celus raised $25.6 Million in a Funding Round round, dated July 6, 2022. Celus is based in Germany.

How much did Celus raise?
Celus raised $25.6 Million in a Funding Round round on July 6, 2022.
What does Celus do?
With its fresh cash injection Pohl said that the company plans to open a new office in the U.S. to “position it at the heart of the electronics industry.”“We want to reach every electronics designer out there, enabling..
Where is Celus based and how big is it?
Celus is based in Germany.

Source: Fundz verified event record.

Who else raised in Consumer Goods and Consumer Electronics around the same time

Companies in the same sectors as Celus that raised within 45 days of this round, from Fundz verified event records.

  • Halborn raised $90M (Series A) on July 20, 2022.
  • Omnibiz raised an undisclosed amount (Funding Round) on August 19, 2022.
  • Arc raised $20M (Series A) on August 17, 2022.
  • Arc raised $20M (Series A) on August 16, 2022.
  • OpenSpace raised an undisclosed amount (Series D) on August 9, 2022.
  • Collage Group raised $25M (Funding Round) on June 29, 2022.

Who to call at Celus, and when

A new round usually means Celus is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Celus

Location

Germany

About

With its fresh cash injection Pohl said that the company plans to open a new office in the U.S. to “position it at the heart of the electronics industry.”“We want to reach every electronics designer out there, enabling them to focus more time on innovation and creativity, while our software reduces the tedious and time-consuming tasks they were dealing with before,” he said. It’s also worth noting that Celus can either be used as a standalone system, or integrated into an existing IT environment where its underlying AI smarts are put to work with industry-standard electronic design automation (EDA) tools.Time And with global events such as pandemics and wars exacerbating this issue, Celus is well-positioned to benefit by promising time-pressured circuit board engineers the ability to redesign their products with the press of a button.

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Celus raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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