MLL advised Alven Capital in a Serie A investment in Neural Concept

The engineering intelligence company Neural Concept raises a CHF 9,1 Mio Serie A investment to scale Engineering Intelligence within industrial organizations. With the financing round the company will fuel further growth as the recruiting of more team members. Following the strong growth in customers, the EPFL-spin-off was an attractive company to look at. In this sense, Alven Capital decided to bet on it.  The European Venture Capital firm has a successful track record of 5 successive funds backing more than 130 startups over 20 years.

Neural Concept is a start-up that creates Deep Learning algorithms for enhanced engineering. The company is a spin-off from EPFL in Lausanne, and was founded in 2018 by Pierre Baqué and EPFL professors Francois Fleuret and Pascal Fua. The funding follows a series of successes for Neural Concept. Over the last 12 months, the number of its customer companies has more than tripled. In the same period, the team achieved a major breakthrough in integrating its technology within automotive OEMs and Tier 1 design toolchains.

“With this new capital intake, we will deepen our collaboration with our key customers and go the extra-mile together to fundamentally redesign and improve their engineering workflows. Our platform has proven its worth with a few leading engineering teams and the next years will be dedicated to make this revolution an everyday reality for hundreds of engineers”, explained Pierre Baqué, founder and CEO.

MLL advised the lead investor Alven Capital in this acquisition. The team was led by Mona Stepheson  (partner, m&a, pictured), and included  Séverine Micheloud (associate, m&a), Michael Reinle (partner ICT / data protection), and Marco Meier (senior associate IP / ICT).