Dive’s $10M Series A: A Leap Towards US Expansion and New Horizons
We are incredibly proud to share a significant milestone in our journey.
Dive has successfully raised $10 million in Series A funding, led by the prestigious D. E. Shaw Group. Additional investors include First Momentum Ventures, Segenia Capital, and Senovo Capital, who participated in the company’s seed funding. This achievement marks a new chapter for Dive, driving our expansion into the US market and enabling us to push the boundaries of what's possible in engineering simulation.
Embracing Innovation
Our mission is clear: At Dive, we want mechanical engineers to design great products overnight. Powered by a unique, meshfree Smoothed Particle Hydrodynamics (SPH) physics engine and a scalable, cloud-native Computer-Aided Engineering (CAE) platform, Dive enables lightning-fast analysis of even the most complex design spaces by combining smart and accurate CFD (Computational Fluid Dynamics) technologies with a powerful, scalable High-Performance Computing (HPC) cloud infrastructure giving engineering enterprises access to their data and tools from anywhere in the world. We are delighted to see major players like BMW Group and ZF trust Dive's technology to enhance their engineering processes.
Recognition and Resonance: Echoes of Success
As we set our sights on the North American market, we are excited to announce the opening of a new office in Boston. Along with this, we have onboarded Kevin O'Shea as the Head of Sales for our US office. Kevin brings over 30 years of experience in application engineering, sales, and sales leadership. He was an early contributor to Rasna Corp. (acquired by PTC in 1995), led Altair’s East Coast expansion from 1995 to 1999 (>100% Y/Y growth), and was a co-founder and Head, Worldwide Sales at Blue Ridge Numerics/CFdesign (acquired by Autodesk in 2011). Kevin will help lead the charge in the North American market as Dive continues its strategic expansion.
We are also delighted to share that our official web address is now DiveCAE.com. It reflects our broader vision and ambition. It aligns our brand with the cloud-native CAE software we offer and positions us strongly in the global simulation market.
Looking Ahead
This round of financing is not just a testament to our past achievements but a vote of confidence in our future to disrupt the CAE industry. As we continue to develop our technology and expand our reach, we remain dedicated to providing engineers with the tools they need to solve multifaceted design problems quickly and effectively.
Together, we’re not just solving problems; we are creating a new superior CAE ecosystem that empowers engineers to focus on just engineering!
Pierre Sabrowski,
CEO and Co-Founder, Dive
