With Nvidia, Siemens and Microsoft as partners, Swiss-based Neural Concept raises €85 million | EU-Startups

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.

“Advances in AI are transforming engineering from a process of trial and error into a data-driven workflow where tradeoffs and constraints can be understood and optimised from the start. This investment enables us to fast-track our progress toward establishing the intelligence layer powering every engineering team, worldwide,” adds Dr Baqué.

Founded in 2019 and spun out of the Swiss Federal Institute of Technology in Lausanne (EPFL), Neural Concept provides an AI-first engineering platform for product development. By embedding AI natively into design and simulation workflows, Neural Concept aims to empower engineering teams to compress development cycles from “months to days“, improve product performance across efficiency, safety, and sustainability, and scale AI adoption without costly, years-long integration.

The company drives product development across automotive, aerospace, energy, consumer electronics, semiconductors and defense industries, working with the world’s leading global OEMs and component suppliers.

By helping its customers build and deploy physics-aware design copilots, the platform enables teams to explore millions of design options earlier and avoid costly late-stage changes, accelerating the entire product development cycle.

“Neural Concept’s technology represents a rare leap forward in enterprise engineering AI,” said Lambert Diacono, Executive Director Growth Equity at Goldman Sachs Alternatives.

The team will use the funding to accelerate product development, including unveiling a generative CAD capability in early 2026, expand global GTM teams and strengthen its position as the intelligence layer across engineering systems, deepening partnerships with industry leaders such as Nvidia, Siemens, Ansys, Microsoft and AWS.

“As demand accelerates for AI that drives real impact in complex industrial workflows, Neural Concept is emerging as one of the leading companies in the market,” affirmed Christian Resch, Partner, Head of EMEA Growth Equity at Goldman Sachs Alternatives.

Neural Concept’s Series C marks the company’s latest funding milestone following its €23 million ($27 million) Series B in 2024.