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Dive Raises $10 Million in Series A led by the D. E. Shaw Group to transform how manufacturers use computer simulation

PRIVATEJun 05, 2024•about 2 years ago

Amount Raised

$10 Million

Round Type

Series A

BerlinInformation TechnologySoftwareCloud Computing

Investors

Senovo CapitalSegenia CapitalFirst Momentum VenturesD. E. Shaw Group

Description

Dive Engineering Software, Inc. raised a $10 million Series A led by the D. E. Shaw group and additional participation from First Momentum Ventures, Segenia Capital, and Senovo Capital

Company Information

Company

Dive Engineering Software

Location

Berlin, Berlin, Germany

About

Dive Engineering Software, Inc. (“Dive”) is a cloud-native and particle-based simulation software company based in Berlin, with a mission to provide mechanical engineers with cloud-native simulation tools to solve multifaceted design problems in the fastest and most flexible way.

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Funding Insights

Based on industry data

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Monthly burn rate benchmark

47% of Series A startups spend $400k or more per month on operations

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech