Driverless Software Startup Silexica Completes Series B Round, Raises $18 Million

Driverless Software Startup Silexica Completes Series B Round, Raises $18 Million

Autonomous pushing platforms routine large amounts of information per second. This perfectionist routine is formidable to rise and enhance, but a right software. Another severe aspect of automotive growth is primer programming of formidable systems requiring connectivity.

Sliexica, a startup that specializes in self-driving program and programming tools, aims to tackle such concerns by creation program doing in complicated cars easier and reduction arduous. To support their business goals, a startup conducted a Series B appropriation round. Led by EQT Ventures Fund (EQT Ventures), Silexica was means to lift $18 million.

The volume lifted is some-more than double, compared to a startup’s prior Series A financing round, that resulted in $8 million of uninformed funds. Conducted in 2016, that turn was led by Merus Capital, that also participated in a startup’s latest Series B round.  

Series B Funding Round

Participants in a Series B turn (in further to Merus Capital) embody a following: Paua Ventures, Seed Fond Aachen and DSA Invest. The final dual participants were also active during a Series A turn and initial Seed round. According to a startup, a supports will be used to boost program growth and enlargement programs. Silexica is now formed in Germany, with tellurian branches in a US and Japan.

“This appropriation turn will capacitate us to strengthen existent and arriving SLX collection and solutions. In addition, it will see us rise an attention first, vendor-neutral, multi-application Simulation Platform to assistance OEMs and all members of a supply sequence optimize and confederate program supposing for formidable systems such as unconstrained vehicles,” pronounced Maximilian Odendahl, CEO of Silexica.

In a automotive space, a startup’s clients operation from heading automotive suppliers, such as Denso, to tellurian automobile brands, including Toyota. Silexica is also active in other markets, including telecommunications (5G) and aerospace.

For those industries, a association works with OEMs and several partners, including Fujitsu and Huawei, on building infrastructure for connected networks. With knowledge in 5G technology, a startup is in a good position to assistance automakers and suppliers exercise computing components that underpin connected facilities in cars.

SLX Programming Tools

Silexica’s services are designed to assistance companies pierce divided from normal information estimate models and automotive architectures. Over a years, platforms for vehicles have turn some-more sophisticated, with countless control units that residence specific functions, such as involuntary headlight illumination, windshield wipers and puncture violation systems.

The resolution several automotive businesses are looking into is replacing such old-fashioned systems with multi-core processors. In application, a functionality of a components would be bundled and able of doing several facilities simultaneously.

Sliexica has already helped a handful of companies in a automobile attention pierce divided from bequest software, in preference of multi-core platforms, regulating SLX, a startup’s flagship programming program tool.

“We combined SLX to support program professionals confronting a biggest plea in a attention – programming extrinsic supercomputers. SLX is truly adding value to business in delivering opening improvements and complement insights on some of a many modernized computers being created,” cited Odendahl in a press release.

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