Hardware-design AI startup Flow Engineering raises $50M
San Francisco startup Flow Engineering, which builds AI tools for hardware design, has raised a $50 million Series B round at a $750 million valuation. The round drew backing from prominent investors including Sequoia Capital.
Flow Engineering, a three-year-old San Francisco startup, announced on Wednesday that it has closed a $50 million Series B funding round valuing the company at $750 million.
The round was co-led by Antonio Gracias of Valar Equity Partners, known for his investments in Elon Musk's companies, particularly SpaceX, and Gavin Baker of hedge fund Atreides Management, which has also backed Musk's ventures as well as AI chipmaker Cerebras.
Sequoia Capital, which led Flow's Series A round last October, also participated in the new round, alongside former Sequoia partner Roelof Botha, who invested as an individual and has since joined Flow's board of directors.
What the company does
Flow Engineering builds AI agents that automatically align CAD drawings with product requirements, simulation results, and other testing data, addressing longstanding challenges in hardware design workflows.
The company lists defense technology firm Anduril, electric vehicle maker Rivian, air taxi developer Joby Aviation, a General Motors joint venture with TWG Motorsports, the Rivian-Volkswagen joint venture RV Tech, and space company Stoke Space among its customers.
