Munich \u2014 The Bremen-based start-up Elise has successfully closed its Series A finan\u00adcing round with 14.5 million euros. The total amount is provi\u00added by lead inves\u00adtor Spark Capi\u00adtal toge\u00adther with inves\u00adtors UVC Part\u00adners, BMW i Ventures, Cherry Ventures and Venture Stars. The goal of the funding is to estab\u00adlish the low code stan\u00addard in engi\u00adnee\u00adring, as well as to expand the appli\u00adca\u00adtion areas to other engi\u00adnee\u00adring domains.<\/p>\n
The start-up foun\u00added in 2018 around the foun\u00adders Dr. Moritz Maier, Sebas\u00adtian M\u00f6ller and Daniel Siegel<\/strong> convin\u00adced the VCs with its open Connec\u00adted Engi\u00adnee\u00adring plat\u00adform for networked, digi\u00adtal and auto\u00adma\u00adted product deve\u00adlo\u00adp\u00adment. With a back\u00adground in bionic rese\u00adarch and offe\u00adring engi\u00adnee\u00adring services, the foun\u00adding team deve\u00adlo\u00adped a solu\u00adtion for their projects to over\u00adcome the chal\u00adlenges of manual and repe\u00adti\u00adtive deve\u00adlo\u00adp\u00adment tasks. Soon, custo\u00admers wanted not only tech\u00adni\u00adcal services, but also access to the soft\u00adware solution.<\/p>\n \u201cWith the help of the Series A funding, we are making signi\u00adfi\u00adcant progress toward our goal of beco\u00adming the low code stan\u00addard in engi\u00adnee\u00adring. The ease of use of our visual programming language allows engi\u00adneers to map and auto\u00admate deve\u00adlo\u00adp\u00adment proces\u00adses in a very short time,\u201d explains Dr. Moritz Maier. \u201cWith our open plat\u00adform, we enable engi\u00adneers to trans\u00adfer the agile and effi\u00adci\u00adent methods of soft\u00adware deve\u00adlo\u00adp\u00adment to hard\u00adware deve\u00adlo\u00adp\u00adment. This auto\u00adma\u00adtes manual and repe\u00adti\u00adtive tasks and enables compa\u00adnies to manage the growing comple\u00adxity of product deve\u00adlo\u00adp\u00adment in the face of incre\u00adasing cost and inno\u00adva\u00adtion pressures.\u201d<\/p>\n \u201cThanks to Elise, the idea of Connec\u00adted Engi\u00adnee\u00adring is alre\u00adady part of ever\u00ady\u00adday life at renow\u00adned compa\u00adnies such as BMW, Daim\u00adler and Airbus. When Elise custo\u00admers achieve up to 90 percent time savings in deve\u00adlo\u00adp\u00adment proces\u00adses, it\u2019s much more than a proof of concept. It\u2019s the future of engi\u00adnee\u00adring that Elise custo\u00admers can parti\u00adci\u00adpate in today,\u201d said Alex Finkel\u00adstein, Gene\u00adral Part\u00adner at Spark Capi\u00adtal<\/strong>.<\/p>\n Benja\u00admin Erhart, Part\u00adner at UVC Part\u00adners,<\/strong> under\u00adlines the importance of the solu\u00adtion: \u201cElise has alre\u00adady funda\u00admen\u00adtally chan\u00adged the way products are deve\u00adlo\u00adped today. We didn\u2019t think at the begin\u00adning that rapid itera\u00adti\u00adons, lever\u00adaging of expe\u00adri\u00adence and easy inte\u00adgra\u00adtion of exis\u00adting tools would have such a huge impact on product deve\u00adlo\u00adp\u00adment: The impro\u00adve\u00adments Elise has been able to achieve with its first well-known custo\u00admers, both in terms of deve\u00adlo\u00adp\u00adment time and part perfor\u00admance, are incre\u00addi\u00adble. We are convin\u00adced that the Elise plat\u00adform will soon be the prefer\u00adred tool for engi\u00adneers in their day-to-day operations.\u201d<\/p>\n Elise\u2019s custo\u00admers include BMW Group, Brose Group, EDAG Engi\u00adnee\u00adring, Hyun\u00addai Motor Group, Toyota Gazoo Racing and MAN Truck & Bus.<\/p>\n About UVC Partners About Elise Munich \u2014 The Bremen-based start-up Elise has successfully closed its Series A finan\u00adcing round with 14.5 million euros. The total amount is provi\u00added by lead inves\u00adtor Spark Capi\u00adtal toge\u00adther with inves\u00adtors UVC Part\u00adners, BMW i Ventures, Cherry Ventures and Venture Stars. The goal of the funding is to estab\u00adlish the low code stan\u00addard in engineering, [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":45865,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1368,1369,1372,1373],"tags":[],"class_list":["post-45871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-consultants-auditors","category-investors","category-consultant","category-venture-capital-en"],"yoast_head":"\n
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\nUVC Part\u00adners is a Munich and Berlin based early-stage venture capi\u00adtal firm inves\u00adt\u00ading in Euro\u00adpean B2B start-ups within the enter\u00adprise soft\u00adware, indus\u00adtrial tech\u00adno\u00adlo\u00adgies and mobi\u00adlity sectors. The fund typi\u00adcally invests between \u20ac0.5 million and \u20ac10 million at the outset and up to \u20ac30 million in total per company. The port\u00adfo\u00adlio compa\u00adnies bene\u00adfit from the exten\u00adsive invest\u00adment and exit expe\u00adri\u00adence of the manage\u00adment team as well as from the close coope\u00adra\u00adtion with Unter\u00adneh\u00admer\u00adTUM, Euro\u00adpe\u2019s leading center for inno\u00adva\u00adtion and busi\u00adness crea\u00adtion. With over 300 employees and more than 100 indus\u00adtry part\u00adners, Unter\u00adneh\u00admer\u00adTUM can draw on many years of expe\u00adri\u00adence in buil\u00adding young compa\u00adnies. This colla\u00adbo\u00adra\u00adtion allows UVC Part\u00adners to provide start\u00adups with unique access to talent, indus\u00adtry clients and other finan\u00adcial part\u00adners. www.uvcpartners.com<\/p>\n
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\nDeve\u00adlo\u00adped by engi\u00adneers for engi\u00adneers: The foun\u00adders have provi\u00added engi\u00adnee\u00adring services at the Alfred Wege\u00adner Insti\u00adtute for over 10 years and have desi\u00adgned a graphi\u00adcal programming language to help you design and manage your projects more effi\u00adci\u00adently. www.elise.de<\/p>\n","protected":false},"excerpt":{"rendered":"