Cognitive Design Systems, an innovative company dedicated to making 3D models manufacturable, is thrilled to announce that it has secured €2 million in funding. The funds raised will be boosting the technological development of CDS’s platform that had begun in 2021, additionally CDS will also look at expanding their geographic footprint and salesforce in Europe and the United States.
CDS has rapidly gained attention in the field of generative design and within the 3D printing community. Known for their Design for Additive Manufacturing (DfAM) software solution, “Cognitive Additive,” which specializes in analyzing the cost, feasibility, and sustainability of 3D-printed parts, CDS has also integrated various modules into a range of platforms. These platforms include Synera, a low-code engineering platform, and GrabCAD Print, a software solution platform offered by Stratasys. This round will speed up the company’s growth and enhance the integration of their technologies with major CAD platforms.
The €2 million round was made possible through the support of Iron Hands Capital, DAA Capital Partners and SpaceFounders France.
(from left to right: Rhushik Matroja – CEO, Henri de Charnace – CTO, Vincent Ung – COO, Georges Caseau – Sales Director)
Vincent Ung, CDS Co-founder and COO states: “The team and I would like to extend gratitude to our investors and supporters who have shown unwavering belief in our vision and joined us on this incredible adventure. We believe that modern engineering requires innovative solution, and that the key to product development is to consistently include the manufacturing factors as part of design.”
Florent Gastaud, Managing Partner at IRON HANDS CAPITAL, added: “We are delighted to support CDS and its management team in the next stage of its growth story. Thanks to its strong expertise, solid platform, innovative and differentiated product offering, CDS will emerge as one of the next leading manufacturable design platform in generative design. The company is now ready to capture the attractive opportunities of the European and the United States market to growing at an accelerated pace.”
Bertrand Mueller, Founding Partner at DAA Capital Partners said: “We believe that the automatization of engineering tasks and the prediction of the manufacturability and costs of any product designed in 3D is a global megatrend in the industry. CDS is uniquely positioned to benefit from this trend thanks to its state-of-the-art modeling technology. “
About Cognitive Design Systems (CDS)
CDS is a French software editor focused on generative design and manufacturing platform, specializing on Additive Manufacturing (3D printing). The company is also developing solutions for conventional manufacturable processes, such as Injection Molding, Die Casting, and Machining.
CDS aims to revolutionize the engineering design process by introducing AI and automation to assist CAD designers and significantly reduce the design cycle times.
For more information, please visit www.cognitive-design-systems.com
“CDS manufacturing driven design”
About Iron Hands Capital
IRON HANDS CAPITAL is a private equity firm focused on visionary companies with a promise of progress, driven by proprietary disruptive technology (DeepTech). IRON HANDS CAPITAL addresses critical environmental, economic, and societal challenges. Its mission is twofold: (i) to make these promises of progress a reality on a large scale, and (ii) to achieve high financial and extra-financial returns for all stakeholders.
Founded in 2022, IRON HANDS CAPITAL combines financial capital with strategic guidance and strong operational support. IRON HANDS CAPITAL aggregates key knowledge for success in DeepTech through its founding team, which comes from corporate finance, entrepreneurship, turnaround management, innovation, and international growth, in both small and large cap sectors. www.ironhandscapital.com
About DAA Capital Partners
DAA Capital Partners is a responsible Swiss-based private equity firm with a focus on impactful trends. We invest in early-growth European companies with scalable and proven technologies. We actively support outstanding teams on their growth journey by leveraging our multidisciplinary expertise and our global network. www.daacap.com
About Space Founders
SpaceFounders is a European SpaceTech accelerator, whose aim is to identify and support future space champions, to help them become industrial leaders and amplify their impact on structuring the space industry. Launched in 2021, it is operated by the French Space Agency (CNES), the University of Bundeswehr (Munich, Germany) and the Italian Space Agency (ASI).
SpaceFounders France, a subsidiary of Telespace Participation (CNES’ financial holding company), also operates equity investments in startups that have proven their best throughout the acceleration program. www.spacefounders.eu
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