Driving Innovation: Secondmind Secures $16M in Funding with Mazda Partnership

November 28, 2023

Driving Innovation: Secondmind Secures $16M in Funding with Mazda Partnership

Secondmind, a pioneering software-defined vehicle company based in Cambridge, UK, has secured a significant boost with a $16 million funding round. This investment, led by notable backers including Mazda, Amadeus Capital Partners, Atlantic Bridge Ventures, and Cambridge Innovation Capital, marks a pivotal moment for the company's growth trajectory.

Led by CEO Gary Brotman, Secondmind is at the forefront of revolutionising the automotive industry with its cloud-native optimisation engine. This engine promises a myriad of benefits, from reducing design simulation time to enhancing energy efficiency and performance throughout a vehicle's lifecycle. By empowering engineers with cutting-edge tools, Secondmind aims to redefine the very process of vehicle design and development, steering the industry towards a future of carbon-neutral mobility.

A key aspect of Secondmind's strategy is its strategic partnership with Mazda, a collaboration that spans over three years. This latest funding round further cements their alliance, with Mazda investing as part of an extended effort to leverage AI-driven innovations in automotive engineering. The partnership focuses on tackling the escalating complexities inherent in vehicle design and development, aiming to unlock efficiencies through advanced virtualisation techniques.

Gary Brotman, CEO of Secondmind, expressed enthusiasm about the strengthened partnership, highlighting a shared vision with Mazda to enable continuous optimisation of vehicle design and performance. He emphasised the importance of this collaboration in driving AI innovation within the automotive sector, underscoring the significance of Mazda's investment in this funding round.

Naohito Saga, Executive Officer at Mazda, echoed Brotman's sentiments, emphasising the need for accelerated development in response to evolving market demands and technological complexities. He expressed confidence that the partnership with Secondmind would bring forth innovative solutions crucial for Mazda's future in vehicle manufacturing.

The significance of Secondmind's strategic focus on the automotive industry has not gone unnoticed by investors. Hermann Hauser, Co-Founder of Amadeus Capital Partners, commended Secondmind's trajectory, emphasising the company's success in applying AI to practical applications. Similarly, Ian Lane, Partner at Cambridge Innovation Capital, highlighted the transformative potential of Secondmind's solutions in enhancing the development and driving experience of electric vehicles.

With this latest injection of funds, Secondmind is poised to scale its operations, particularly in sales, marketing, and the further development of its optimisation engine. This funding round signifies not only investor confidence in Secondmind's vision but also a broader recognition of the transformative potential of AI-driven solutions in the automotive industry.

In conclusion, Secondmind's latest funding round, bolstered by investments from industry leaders like Mazda, underscores the growing importance of AI-driven innovation in reshaping the future of automotive engineering. As the company continues to push the boundaries of what's possible in vehicle design and development, the stage is set for a new era of efficiency, performance, and sustainability in mobility.

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