From EU-Startups, December 18:
Neural Concept, a Lausanne-based AI platform and innovator in Engineering Intelligence powering product development, today announced it raised an €85 million ($100 million) Series C funding round.
The round was led by Growth Equity at Goldman Sachs Alternatives, with existing investors Forestay Capital, Alven, HTGF, D.E. Shaw Ventures and Aster Capital.
“We founded Neural Concept with the ambition to enable complete AI-driven design of advanced systems like tomorrow’s cars and spacecrafts,” said Dr Pierre Baqué, CEO and founder of Neural Concept.
In 2025, EU-Startups reporting shows continued investor activity across European AI platforms operating in adjacent or partially overlapping domains to engineering intelligence.
Vienna-based Optimuse raised a €4 million Seed round to scale its AI-driven building engineering software, while London’s PolyAI secured €73.2 million in a Series D to expand its enterprise conversational AI platform. Also in London, Ankar closed a €17 million Series A to grow its AI-driven intellectual property software, and Iconic raised €11 million at Seed stage for an on-device AI platform focused on gaming. In Sweden, Stockholm-based Lovable announced a €281 million Series B to scale its AI-native full-stack software creation platform.
Taken together, these 2025 rounds represent approximately €386 million of disclosed funding moving through the European AI software and platform sector.
Against this backdrop, Neural Concept’s €85 million Series C positions it among the larger mid-to-late-stage raises in Europe this year, and notably at the upper end of financings for AI platforms specifically focused on industrial engineering and product development, a segment where other reported rounds remain earlier-stage and smaller in size....
....MUCH MORE
