Neural Concept Awarded The Scale-Up Vaud 2024 Label
Neural Concept has been named as one of 45 companies to receive the Scale-Up Vaud 2024 Label by Innovaud for the second consecutive year. The Scale-Up Vaud label recognises companies that have an annual growth of more than 20% over the last three years.
The 45 Vaud-based companies on this list have created over 6,700 jobs in Switzerland and around the world. By working directly with these companies, Innovaud aims to reinforce the global innovation ecosystem within the Vaud region and showcase its strengths to the international business community.
Neural Concept first spun-out from the Swiss Federal Institute of Technology in Lausanne (EPFL) in 2018. Now, over 60 OEMs, including Airbus, Bosch, General Electrics, Subaru, Safran, Mubea and four of the ten Formula 1 teams leverage Neural Concept to accelerate the adoption of AI for engineering, enabling engineers to create radical solutions that redefine design timelines and product performance.
Neural Concept is an interactive, collaborative and scalable platform which places AI at the center of the product development process. Serving as an end-to-end solution, it empowers CAE engineers to 10x their impact and productivity, bridging the gap between modern simulation technologies, machine learning, and scalable industrial impact.
Pierre Baqué, CEO and co-founder of Neural Concept, said: “Receiving this label from Innovaud is a testament to our world-class team that is constantly pushing the boundaries of innovation. Through NC, engineering companies are able to produce radical product solutions to some of the most critical challenges of our era - from sustainability to performance and safety - even faster. Switzerland is at the forefront of globally renowned pioneering research and development and we’re excited to be right at the heart of this ecosystem.”
About Neural Concept
Founded in 2018, Neural Concept provides a leading end-to-end platform which places AI at the center of the product development process. Neural Concept exploits the computational power of deep learning to assist world class engineering teams reduce development times by up to 75%, improve product characteristics including efficiency, safety, speed, and aerodynamics by up to 30%, and empower engineers to 10x accelerate their work. Spun-out from the Swiss Federal Institute of Technology in Lausanne (EPFL) in 2018 and backed by world renowned investors such as Alven, Neural Concept works with 40% of the largest European and Asian OEMs and 25% of the top 100 tier-1 suppliers to revolutionize the way engineers conceptualize, design and validate products.
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