Two startups anchored in engineering and financial hubs

Following the closing of its $27 million Series B funding round in June this year, Neural Concept, the leading end-to-end 3D AI platform that transforms product design with Engineering Intelligence, has opened a new office in the New York metropolitan area. This expansion situates Neural Concept closer to key customers and Original Equipment Manufacturers (OEMs) across North America. The company has established partnerships with more than 10 US automotive OEMs and suppliers, alongside collaborations with companies operating in the consumer goods, electronics and aerospace industries.  Thomas von Tschammer, Co-founder of Neural Concept, will oversee Neural Concept’s activities in the US as Managing Director.

The Lausanne-based startup’s proprietary technology combines unique data science, MLOps, and application deployment capabilities to make Engineering Intelligence central to the product simulation and development process. The platform is proven to reduce end-to-end product development times by up to 75%; accelerate product simulation by up to 10x; and improve product characteristics, including efficiency, safety, speed, and aerodynamics, by up to 30%.  More than 70 OEMs, including Airbus, General Electric, Subaru, and four out of ten Formula 1 racing teams, rely on Neural Concept’s platform to place Engineering Intelligence at the heart of their product development process.  

GenTwo sets foot in London
Meanwhile, Fintech startup Gentwo has set a foundation in the UK’s financial hub, with an office in London, marking a significant milestone in their global expansion journey. The Swiss B2B fintech startup is on a mission to expand the investment universe by making all assets investable by providing the technology and tools for the mass customization of financial products – a process the company refers to as Assetization. It serves banks, asset managers, family offices and other financial intermediaries.

GenTwo’s offering is based on two pillars. With its GenTwo Pro Assetization Platform, asset managers can turn any traditional, alternative or digital asset or strategy into a bankable product in just a few clicks using their own dedicated issuer. Its GenTwo Pro for Banks offering – the world’s first Swiss-based AMC platform for banks – allows banks and their clients to create and issue bankable AMCs on all liquid or digital assets in a matter of minutes. Since inception, over 300 clients and partners in 26 countries have worked with GenTwo to issue over 1,400 products with an accumulated volume of more than five billion US dollars.

In line with the expansion, the startup has appointed for individuals to support its growth in the new market:  Goran Gusic, Head of GenTwo UK; Dave Gibson, Business Development; Luis Felipe Botero, Senior Investment Solutions Sales Manager and Finn White – Investment Solutions Sales Intern.

(RAN)