Modern product engineering requires the production of highly accurate digital simulations, allowing engineers to create prototypes and understand the actual performance of the materials. Currently, legacy software platforms for companies such as IBM and Dassault are commonly deployed, but startups are currently taking part in arenas with generator AI.
One such thing is trace.space, which comes out of Riga, Latvia. This AI-driven platform is designed for engineers to develop industrial products.
Currently, Western manufacturing is under great pressure to compete with its fast-paced Asian counterparts, so the race is developing these platforms to speed up product development. In fact, we recently saw the look of Luminary and Dessia Technologies, which also has a platform for automating engineering processes through AI.
TRACE.SPACE is specifically designed for processes related to the development of electrical and autonomous vehicles, satellites, robots, semiconductors and medical devices. Trace.space takes a modern cloud computing approach, while traditional solutions tend to be based on “assumptions.” It also allows manufacturers and suppliers to collaborate on shared product requirements, which could reduce response times.
Janis Vavere, co-founder and CEO of Trace.space, told TechCrunch: , especially for designing. Legacy tools and processes are struggling. IBM’s tools for this were designed in the late 80’s. It is a desktop client and must be installed on all computers. ”
After working on JAMA Software, a more modern design platform for this, he recognized the need for a cloud-based, AI-driven approach. industry. Companies are now looking for better things. ”
Trace.space is not an “AI wrapper.” “We use AI models such as Llama, then some deterministic AI libraries, and the LLM aspects of Openai.”
In addition to Jama Software, where Vavere was previously the sales leader, he led sales for two years with the translation management software costume Lokalise. Meanwhile, co-founder Mikus Krams previously operated with Lokalise and Software Development Startup Chili Piper. The third co-founder, Karlis Broders, had previously implemented Jama and Polarion on large projects.
Trace.space is currently raising $4 million in seed funds. Cherry Ventures led the round, joined by the Riga-based Outlast Fund, along with early investors Nebular, Fiedler and Change Ventures.