Sector

Smart Engineering

Founded

2020

First Invested

2023

Headquarters/Location

Munich

Website

https://modelwise.ai/

We all want to feel safe in our daily lives, whether it’s while boarding a plane, driving a car or simply using an electric toothbrush. Functional engineering focuses on all critical tasks related to safety. As an important part of the product development process, it ensures that products and systems can function without causing harm to people or the environment. It is particularly important in industries where a failure could have serious consequences, such as transportation (e.g. cars or airplanes), medicine, or energy production.

Unfortunately, the current methods used by functional safety engineers are largely manual and extremely time-consuming. This represents a bottleneck for the development of new products – especially in a broader context where the complexity of electronic systems is increasing and functional safety engineers are lacking. Modelwise provides a solution for this: an AI-based software to automate functional safety analysis, allowing companies to accelerate their development of new products while maintaining high safety standards.