San Francisco-based Flow Engineering, a three-year-old startup building AI tools for hardware design, has secured a $50 million Series B round at a $750 million valuation, the company announced on Wednesday.
The round was co-led by Antonio Gracias of Valor Equity Partners, best known for its investments in Elon Musk’s companies, particularly SpaceX, and Gavin Baker of Atreides Management, a hedge fund that has also backed Musk’s ventures and AI chipmaker Cerebras.
Sequoia Capital, which led Flow’s Series A last October, also participated. Former Sequoia partner Roelof Bothainvested as an individual and has joined the company’s board.
Flow addresses the complexity of hardware development with AI agents that automatically align CAD drawings with product requirements, simulation results and other testing data, aiming to speed up how engineering teams iterate on physical products.
The company’s customers include Anduril, Rivian, Joby Aviation and Stoke Space, along with General Motors PPU, a joint venture between General Motors and TWG Motorsports, and RV Tech, a joint venture between Rivian and Volkswagen.
Featured image: Credit: Flow Engineering
