TLDR:
- Manchester-based tech startup VSim, founded by ex-Nvidia engineers, is raising funding from EQT Ventures.
- The startup focuses on simulation infrastructure for computing, targeting robotics and VFX markets.
A Manchester-based tech startup called VSim, founded by former engineers from Nvidia, is currently in the process of raising funding from EQT Ventures. VSim, founded in 2023, is a simulation infrastructure startup that aims to accelerate advancements in computing, physics, and materials sciences. The funding round, VSim’s first, is estimated to bring in around $22 million, with a potential valuation of £100 million. The startup plans to target markets like robotics and VFX through high-quality physics simulations.
The founders of VSim, Michelle Lu, and Kier Storey, have a strong background, with over a decade of experience at Nvidia. They worked on projects like PhysX and IsaacGym before leaving the company in 2022. VSim currently has four employees and is looking to hire 15-20 new employees with the funding to achieve $20 million in annual recurring revenue in the next two years. The specific details of the funding round are still private, as EQT Ventures and VSim declined to comment on the matter.
London-based pre-seed fund Concept Ventures is listed as a current investor in VSim. The company’s pitch deck outlines its ambitious plans for growth and expansion in the coming years, targeting key markets in the tech industry. With experienced founders and a strong focus on simulation infrastructure, VSim is poised for success in the competitive tech startup landscape.
