Inecosys, a Germany-based engineering technology developer based on research at Technical University of Munich (TUM), secured a six-figure euro (€100,000 = $116,000) seed round yesterday from public-private partnership High-Tech Gründerfonds (HTGF).
Founded in 2015, Inecosys is working on product development systems for automotive companies and other engineering clients looking to build embedded components and whole systems.
Inecosys’s core Rapid Series Development Platform (RSD) engine continuously monitors research and pre-development data for consideration in the prototype design, before porting desired features into the final product.
RSD underpins bespoke prototyping technologies for each client which can feature a field-programmable gate array chip to compute fast-control algorithms in support of their model calculations.
The HTGF funding has been earmarked to improve RSD and the underlying hardware. Inecosys hopes to expand beyond automotive to serve mechanical and plant-engineering customers, as well as makers of production, energy and construction machinery.
The startup was co-founded by Benedikt von Imhoff, Benjamin Korb and Thomas Zimmer, three PhD candidates of Georg Wachtmeister in the department of internal combustion engines at TUM.
Zimmer said: “Our customers develop very complex and cost-intensive devices and systems in small quantities and have high requirements on the underlying control units. Often, however, without having enough own development resources available for it.
“We support our customers with our tools and our process in the development of embedded components and complete systems.”
