SimScale is a web platform that enables engineers to perform sophisticated 3D simulations easily via a web browser, helping them develop better products faster. By eliminating the costs of expertise and IT infrastructure, SimScale significantly expands the simulation market.
The business model is very simple. There are three different licenses: Free, Professional, and Enterprise, each with different features. From the very beginning, the company has been internationally positioned and, thanks to its innovation, enjoys the so-called First-mover position in the market.
The startup is highly praised by industry experts and achieved “Best of Munich” third place. Ten teams made it to the finals, and the winners were announced on May 18. Munich's entrepreneurship organizations sent their best teams to this event. But that was only a small contribution to the startup's earnings. Much more important is its core business, and that means having many subscribers on the platform and building an "engineering community."
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