Sweden’s Encube emerges from stealth with €19 million to reshape hardware development
Encube, a Stockholm-based DeepTech startup, has emerged from stealth with €19 million in funding to revolutionize hardware product design and manufacturing, addressing costly complexities and accelerating development. The funding round was supported by Kinnevik, Promus Ventures, and Inventure, demonstrating investor confidence in AI-driven solutions for industrial applications. This investment highlights the growing European focus on digital innovation within the manufacturing sector. Encube's AI-powered platform allows hardware teams to quickly assess how design choices impact manufacturing complexity, helping them avoid pitfalls. The company's tools are validated by major companies like Volvo Group and Scania, resulting in faster time-to-market and reduced production costs. Founded in 2021 by Hugo Nordell and Johnny Bigert, the company aims to tackle complex hardware development challenges. The impact of Encube's solution is significant, potentially reshaping the European hardware industry by enhancing efficiency and competitiveness. The platform enables teams to explore more design possibilities and improve manufacturing processes, especially in a sector where manufacturing know-how is diminishing. This approach supports European digital sovereignty by fostering local innovation in hardware design. Encube's emergence reflects a broader trend of European investment in AI for industrial and manufacturing processes. This includes other startups like Resourcly, 36ZERO Vision, PhysicsX, and Pelico, all contributing to the growth of AI-driven engineering and manufacturing solutions within the European market.
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