Encube raises $23M to advance AI hardware engineering platform

Encube has launched with $23 million in new funding. The Stockholm-based startup will use the capital to expand its AI-driven engineering platform in the United States and Europe. Investors in the round included Kinnevik, Promus Ventures, and Inventure.

Most of a product's final cost is determined during its initial design. Early design decisions can lock in high manufacturing expenses and a large carbon footprint. It is often difficult for engineers to predict how their choices will affect production down the line. This can lead to expensive problems that only appear once manufacturing begins. Encube's platform solves this by integrating manufacturing data into the design process.

The software uses AI to simulate how design changes will impact production costs and complexity. This allows product and manufacturing engineers to collaborate effectively. The system provides clear insights, helping teams avoid costly mistakes and simplify their designs. Industry partners have already validated the platform's effectiveness.

Companies including Volvo Group and RUAG Group’s Beyond Gravity reported significant results. They saw time-to-market reductions of up to 50 percent. They also achieved production cost savings of 20 to 30 percent and doubled their engineering productivity.