Cognitive Design Systems raises €2 million in new funding
The money will be used to accelerate manufacturable generative design platform development, hiring, and product roadmap
Cognitive Design Systems, an innovative company dedicated to making 3D models manufacturable has secured €2 million in funding. The funds raised will boost the technological development of CDS’s platform that began in 2021. Additionally, CDS will also look at expanding its geographic footprint and salesforce in Europe and the United States.
Vincent Ung, CDS Co-founder and COO commented: “The team and I would like to extend gratitude to our investors and supporters who have shown unwavering belief in our vision and joined us on this incredible adventure. We believe that modern engineering requires innovative solution and that the key to product development is to consistently include the manufacturing factors as part of design.”
CDS has rapidly gained attention in the field of generative design and within the AM community. Known for their Design for Additive Manufacturing (DfAM) software solution, “Cognitive Additive,” which specializes in analyzing the cost, feasibility, and sustainability of 3D printed parts, CDS has also integrated various modules into a range of platforms. These platforms include Synera, a low-code engineering platform, and GrabCAD Print, a software solution platform offered by Stratasys. This round will speed up the company’s growth and enhance the integration of their technologies with major CAD platforms.
The €2 million round was made possible through the support of Iron Hands Capital, DAA Capital Partners and SpaceFounders France.
Florent Gastaud, Managing Partner at IRON HANDS CAPITAL, said: “We are delighted to support CDS and its management team in the next stage of its growth story. Thanks to its strong expertise, solid platform, and innovative and differentiated product offering, CDS will emerge as one of the next leading manufacturable design platforms in generative design. The company is now ready to capture the attractive opportunities of the European and the United States market to grow at an accelerated pace.”
Bertrand Mueller, Founding Partner at DAA Capital Partners added: “We believe that the automatization of engineering tasks and the prediction of the manufacturability and costs of any product designed in 3D is a global megatrend in the industry. CDS is uniquely positioned to benefit from this trend thanks to its state-of-the-art modeling technology.”
