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.
DI Capital and existing investors Speedinvest and Plug and Play also participated in the round.
The following individuals also invested too and will be forming CELUS’ expert advisory board: Sir John Rose (former CEO of Rolls Royce); Sir Peter Bonfield (Chairman of TSMC and NXP); Carl-Peter Forster (CEO of Opel, GM Europe, and Tata Motors); Paul Gojenola (Electronic Engineering Lead at Google); Martina Koederitz (former CEO IBM Germany and DACH, & former IBM Global Industrial Managing Director); and finally Koenraad Crooijmans (former Investment Banker at Morgan Stanley) who also supported the company on the round.
CELUS has developed a cloud-based engineering platform that supports electronics engineers with rich component data from electronic manufacturers and adds automation to accelerate the design process. This leads to proven design time reductions of up to 90%. With the industry facing severe chip shortages, new components are being introduced and old components are becoming obsolete. CELUS makes the design of electronics accessible to many more engineers, facilitating direct information flows between electronic component manufacturers and their customers.
