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Celus Raises €25M In Series A Funding Round Led By Earlybird Venture Capital

Celus Raises €25M In Series A Funding Round Led By Earlybird Venture Capital

06/07/22, 12:00 AM
Money raised
€25 million
Industry
consumer goods
software
consumer electronics
Round Type
series a
CELUS, a German deep tech company that uses AI to streamline circuit board engineering, has raised a €25 million in a Series A funding round led by Earlybird Venture Capital.

Company Info

Company
Celus
Additional Info
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.