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Swiss startup Neural Concept has raised USD27 million to accelerate the design process for electric vehicles (EVs). The funding aims to reduce the EV design time to just 18 months. Neural Concept, which originated from EPFL, uses machine learning-powered 3D product design software to achieve these advancements. The investment round was led by Forestay Capital, D.E. Shaw Group, Alven Capital, and High-Tech Gründerfonds (HTGF). The company plans to use the funds to further accelerate its global growth. This development was covered in a TechCrunch article by Mike Butcher.
🤖⚡🚗 Swiss startup Neural Concept snaps $27M to transform EV design with AI. https://t.co/ZPk1J9DlGh @nc_shape @ForestayCapital @DEShawGroup @alvencap @HTGF #Europe #funding #news #Startups https://t.co/IM8NNBd4Hl
Neural Concept raises $27M for ML-powered 3D product design software https://t.co/m8Qee7svUO https://t.co/MorQtpazCY
💸⚡🚚💸Decade Energy zooms €3.6M to simplify electrification of commercial trucks. https://t.co/7M48C5b6NL @DecadeEnergy @Ananda_Ventures @ContrarianVC #Europe #femaleled #France #funding #news #Startups https://t.co/lLny6EOwpa
