London-headquartered Flow Engineering, the first collaboration platform for hardware engineering teams designing complex systems, has picked up $8.5 million in seed funding.
Who invested in Flow Engineering?
The funding round was led by EQT Ventures (that invested in Kive and Codancy) alongside participation from some of Europe’s top tech investors, including Backed VC, David Hegelson (Unity), Charlie Songhust (ex-Microsoft), Kyle Parrish (Figma) and Matt Clifford (EF).
Flow Engineering will use the investment to realise its mission of supporting hardware engineering teams solve some of humanity’s greatest problems. It will also boost the development of its engineering collaboration platform and expand the current team of 13 to nearly 20.
Pari Singh, Forbes 30 Under 30 and Flow’s CEO and Founder, explained: “Today, we are going after humanity-defining problems, and hardware engineering teams are the ones working on complex projects like the development of various clean technologies. I call this group of engineers ‘new age hardware engineering teams’.”
EQT Ventures Partner and co-Head, Alastair Mitchell said, “Software has seen vast investment since the early 2000s, but since around 2010, serious money has been flowing into hardware – industries like electric vehicles, aerospace and medical equipment. I expect to see this continue, with a particular focus on clean technology. In order to capitalize on the market opportunity, modern hardware engineering companies will need to scale faster and come to market as quickly as possible. Those wanting to survive and thrive will need engineering collaboration platforms like Flow’s.”
GitHub for hardware engineers
‘New age’ engineering is dependent on the speed of iteration. The faster you iterate, the quicker you learn, test, validate and verify solutions. Time to market is one of the most important metrics for engineering teams, the team that iterates the fastest wins.
Flow Engineering is the first collaboration platform for ‘new age’ hardware engineering teams designing complex systems. It is built by engineers from F1 and aerospace, who felt the pain first hand. The team at Flow Engineering comprises 35% female staff.
Founded by Pari Singh, a mechanical engineer by background, who has held previous positions at BAE System in the Future Technologies Team. Flow Engineering is the GitHub for hardware engineers and its cloud-based platform reduces engineers’ sync time to zero by integrating any model or system changes, helping companies get to market 30-50% faster.
Flow’s technology is already being implemented by leading global companies in the automotive and aerospace sectors to manage key design parameters and requirements.