Flow Engineering, a startup that provides AI tools for hardware design, has raised $50 million in a Series B round from select investors at a valuation of $750 million, the company announced Wednesday.
The round was co-led by Antonio Gracias of Valar Equity Partners (best known for investing in Elon Musk’s companies, most notably SpaceX) and Gavin Baker of Atreides Management (a hedge fund that also backs Musk’s companies and AI chipmaker Cerebras, among others). Sequoia Capital, which led Flow’s Series A round last October, also participated, as did Roelof Botha, a former Sequoia partner and individual investor. Mr. Botha has also joined Flow’s board of directors.
Three-year-old San Francisco-based Flow tackles the challenges of hardware design by providing an AI agent that automatically reconciles CAD drawings with product requirements, simulation results, and other tests.
The company counts Anduril, Rivian, Joby Aviation, General Motors PPU (a joint venture between General Motors and TWG Motorsports), RV Tech (a joint venture between Rivian and Volkswagen), and Stoke Space among its customers.
