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Celus raises seed round of €1.7m
posted on February 21, 2020
Celus raises €1.7m to revolutionise the electronics industry thoughA.I.-powered circuit board design
● Celus chooses Speedinvest and Plug And Play as backers for this highly promising European startup, primed to make a big impact
● Electronics can be brought to market months faster than they would otherwise; engineers can sometimes complete work in minutes, not weeks
● Celus radically simplifies PCB design and helps save companies 90% in time and cost
Munich-based startup Celus has announced a €1.7m seed round that will fuel the company’s ambition to transform the way electronic devices are developed. Its product is set to have a major impact on a wide range of industries from the consumer gadgets in our pockets, to robotics, automotive, heavy machinery, and beyond.
The round is led by Speedinvest with participation by Plug And Play and existing investor and electronics industry expert Dr. Dieter Lederer. It takes the total raised by Celus to more than €2m. The round coincides with are brand for Celus, which was previously known as Contunity.
The past decade has seen ‘software eat the world’ as a new generation of development tools made writing code faster and easier than ever before. By contrast, electronics engineers are practically stuck in the Stone Age. Designing electronics is a slow, manual process that relies on human effort in a way software engineers have moved way beyond. Celus brings the same efficiencies to the electronics world that software engineers have enjoyed for years.
By using Celus, engineers can complete tasks in minutes that would otherwise take weeks. They can turn simple plans into complex printed circuit board designs at a speed that has huge implications for the future of the electronics industry at a time when we rely on electronic devices more than ever.
Celus will use the new funding to triple its staff headcount, to further enhance its product and ramp up sales and marketing. Although initially targeting Europe, the startup plans to expand into the US in the coming months.
Respected electronics industry investor Dr. Dieter Lederer was an early believer in the company, investing inits pre-seed round early last year. The fact he has invested again in this round shows the company is on track to deliver on its potential.
Celus CEO Tobias Pohl has a background in Munich’s automotive industry, where he saw just how stark the difference between software development and engineering is. “Many experts told us simplifying engineering to the same degree as software development was too hard a problem to solve, but we’ve done it,” Pohl says.
Pohl added: “With Speedinvest, Dr. Dieter Lederer andPlug And Play, we have excellent partners on board to drive the revolution of electronics engineering. Engineers should focus on innovation and creativity while machines should take over manual and repetitive steps – this is what we stand for. The effect for our customers is a tremendous reduction of time-to-market, engineering effort and budget.
Marie-Helene Ametsreiter, partner at Speedinvest, said: “We are humbled to support Celus on its mission to substantially transform the electronics industry. The company’s technical talent and executional excellence(among many other factors) make it one of the most promising seed-stage startups in Europe.”
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