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Neural Concept Closes $100M Funding Round Led by Growth Equity at Goldman Sachs Alternatives to Scale AI-Native Engineering
Prnewswire· 2025-12-18 16:00
Core Insights - Neural Concept has raised $100 million in Series C funding led by Goldman Sachs Alternatives, highlighting the growing demand for enterprise AI in engineering [1][3][6] - The company is focused on redefining engineering workflows through CAD-native AI, enabling faster product development and reducing costly late-stage changes [2][5] - Neural Concept's technology is positioned as a leader in AI-native engineering, with significant growth across various industries including automotive, aerospace, and energy [3][4][9] Company Overview - Founded in 2019, Neural Concept provides an AI-first engineering platform that integrates AI into design and simulation workflows, significantly compressing development cycles [7][8] - The platform has demonstrated the ability to save customers $50 million annually, reduce late-stage redesigns by 30-50%, and accelerate time to market by up to two years [9] - The company has experienced a fourfold increase in enterprise revenue over the past 18 months and serves over 50 global companies, including major players like General Motors and General Electric [9] Future Plans - The new funding will be utilized to accelerate product development, including the launch of a generative CAD capability in early 2026, and to expand global go-to-market teams [5][6] - Neural Concept aims to deepen partnerships with industry leaders such as Nvidia, Siemens, and Microsoft, reinforcing its position as the intelligence layer across engineering systems [5][6]