Omaha-based MultiMechanics has been acquired by global technology company Siemens for an undisclosed amount, according to an announcement.
Founded in 2010 and is based in Omaha, Nebraska, MultiMechanics was a portfolio company of Anzu Partners, a venture capital and private equity firm that invests in breakthrough industrial technologies.
MultiMechanics develops multi-scale material modeling and simulation software that virtually predicts failure in advanced materials at an unprecedented level of speed and accuracy.
In 2017, MultiMechanics raised its seed funding round of $1.9 million from a co-investment led by Solvay Ventures.
A developer of virtual testing software, MultiMechanics will be integrated into Siemens Digital Industries Software, and its software platform incorporated into Siemens’ Simcenter™ software, within its Xcelerator portfolio, implementing materials engineering into the digital workflow and establishing a pervasive link between material developers, manufacturing process developers, and part designers.
MultiMechanics is the developer of MultiMech, a material modeling and simulation software tool that helps companies accelerate the product development lifecycle by virtually predicting failure in advanced materials at an unprecedented level of speed and accuracy.
“We are grateful to Anzu Partners for its support and close partnership over the past two years,” said Leandro Castro, MultiMechanics co-founder and Chief Executive Officer.
He added that the technical guidance and operational support from the Anzu team, since the time of the firm’s investment in 2017, has been incredibly valuable to MultiMechanics’ growth as a company.
“It has been a rewarding experience to work with the MultiMechanics team, and fellow investors Solvay, to drive the company’s growth,” said Gray Robinson, Senior Associate at Anzu Partners.
Robinson has been serving on the MultiMechanics Board of Directors from 2017 until its acquisition by Siemens.
“MultiMechanics demonstrates that breakthrough industrial technologies are coming from cities in the heartland like Omaha, Nebraska,” said Whitney Haring-Smith, Managing Partner at Anzu Partners.
Anzu continues to focus its investments on commercializing industrial innovations from all over the US and Canada, and MultiMechanics is a great example of this strategy succeeding.
