Adaptive Simulations, the company behind Ingrid Cloud, secures €2.4 million in an investment round led by Fairpoint Capital and Industrifonden. The investment enables the company to strengthen their team both within development, sales and marketing, as well as launch the product in new industry segments.
The company currently has around 25 paying customers, primarily within architecture and building construction, which has been their first market to enter. They are helping leading companies such as White, Sweco, Vasakronan and Thyréns simulate wind in urban environments. The global market for software and services within flow simulations is valued at around €9.5 billion.
– When it comes to user-friendliness, not much has happened within flow simulations in the past decades. Adaptive Simulations’ solution is, from that perspective, a total game changer and the start of a new era, says Filip Petersson, Investment Director, Fairpoint Capital”
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