MUNICH – German startup Celus (formerly Contunity) has announced a €1.7 million (US$1.84 million) seed round that will fuel the company’s ambition to turn simple plans into complex printed circuit board designs in 90% less time.

Speedinvest led the funding round, with Plug and Play participating, in addition to existing investor and electronics industry expert Dieter Lederer, Ph.D., who invested in Celus’ pre-seed round in 2019. The total raised is more than €2 million.

Celus will use the new funding to triple its staff and enhance its product and ramp-up sales and marketing, say reports. In the coming months, the startup plans to expand into the US. Celus' AI is said to generate full-fledged embedded systems, including schematics, bill of material and PCB layout at the push of a button.

“With Speedinvest, Dr. Dieter Lederer and Plug and Play, we have excellent partners on board to drive the revolution of electronics engineering,” said Celus CEO Tobias Pohl. “Engineers should focus on innovation and creativity, while machines should take over manual and repetitive steps. This is what we stand for. The effect for our customers is a tremendous reduction of time-to-market, engineering effort and budget.”

Ed.: €1 = US$1.08

• Prev
• Next