Neural Concept, an AI platform focused on engineering and product development, has raised $100 million in a Series C funding round led by Growth Equity at Goldman Sachs Alternatives. Existing investors Forestay Capital, Alven, HTGF, D.E. Shaw Ventures and Aster Capital also participated in the round, bringing the company’s total funding significantly higher following its $27 million Series B in 2024.
Headquartered in Lausanne, Switzerland, Neural Concept was founded in 2019 as a spin-off from the Swiss Federal Institute of Technology in Lausanne (EPFL). The company was established by Dr. Pierre Baqué, who serves as Chief Executive Officer, alongside co-founders Théophile Allard, Chief Technology Officer; Thomas von Tschammer, General Manager for the United States; and Dr. Jonathan Donier, Vice President of Vertical Solutions.
Neural Concept develops what it describes as AI-native engineering software that operates directly within computer-aided design (CAD) environments. Its platform is designed to understand geometry, design constraints and engineering intent, enabling companies to embed physics-aware AI copilots into their product development workflows. By allowing engineering teams to explore and optimize millions of design alternatives earlier in the process, the platform aims to reduce costly late-stage modifications and accelerate time to market.
The company has seen growing adoption across industries where complex engineering challenges are common, including automotive, aerospace and defense, energy, semiconductors and consumer electronics. As enterprises move beyond experimental uses of artificial intelligence toward large-scale deployment, demand has increased for AI systems that deliver measurable operational and design improvements.
According to Goldman Sachs Alternatives, Neural Concept represents a new generation of enterprise AI companies focused on real-world industrial impact. Lambert Diacono, Executive Director of Growth Equity at Goldman Sachs Alternatives, described the company’s technology as a significant advancement in engineering AI, while Christian Resch, Partner and Head of EMEA Growth Equity, highlighted the accelerating demand for AI solutions capable of improving complex engineering workflows.
Neural Concept plans to use the new funding to accelerate product innovation, including the launch of a generative CAD capability expected in early 2026. The company also intends to expand its global go-to-market teams and strengthen its position as a core intelligence layer across engineering systems. In parallel, it aims to deepen strategic partnerships with major technology and industrial players, including Nvidia, Siemens, Ansys, Microsoft and AWS.
Chief Executive Officer Dr. Pierre Baqué said the company was founded with the goal of enabling fully AI-driven design for advanced systems such as future vehicles and spacecraft. He noted that advances in artificial intelligence are transforming engineering into a more data-driven discipline, allowing trade-offs and constraints to be evaluated earlier in the design process.
