Secondmind secures £12.7m from Mazda and existing backers to scale its automotive AI optimization engine.
Mazda joined existing investors Amadeus Capital Partners, Atlantic Bridge Ventures, and Cambridge Innovation Capital in backing the Cambridge-based firm.
Secondmind provides a cloud-native optimization engine designed to address engineering complexity in automotive design and development. Its technology helps engineers improve vehicle performance, reduce simulation times, and accelerate the transition to sustainable mobility.
Cambridge-based Secondmind has secured £12.7m in a funding round featuring participation from new backer Mazda alongside existing investors Amadeus Capital Partners, Atlantic Bridge Ventures, and Cambridge Innovation Capital. The capital injection includes the conversion of a Future Fund note.
Funds will be directed towards scaling key business operations, including the acceleration of sales and marketing efforts. The company also intends to use the capital to speed up the development of its cloud-native Secondmind Optimization Engine, supporting its expanded strategic partnership with Mazda in automotive engineering.
From the founder
"Secondmind and Mazda have been aligned from day one around a common goal of enabling continuous optimization of vehicle design and performance and helping the automotive industry deliver in the era of the software-defined vehicle. This expanded strategic partnership agreement strengthens our long-standing relationship of deep collaboration, and we are proud to support Mazda in opening new avenues for AI innovation in automotive engineering by way of Mazda’s advanced AI research and education strategy. We’re excited to welcome Mazda as an investor in this funding round alongside Amadeus Capital Partners, Atlantic Bridge, and Cambridge Innovation Capital, and we look forward to leveraging this infusion of capital to accelerate the development and commercial deployment of more high-value system design optimization and calibration applications for Mazda and the automotive industry at large."
Gary Brotman
Chief Executive Officer at Secondmind
Investor perspective
"We have backed Secondmind since its earliest stages when it was one of the first companies we found developing practical applications for AI. Still true to this mission, Secondmind’s strategic focus on the automotive industry has proven highly successful and its partnership with Mazda is testament to this. We are pleased to partner with such an industry leader in the latest investment round."
Hermann Hauser
Co-founder and Venture Partner, Amadeus Capital Partners
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
Investors
Mazda
Hermann Hauser
Amadeus Capital Partners
Kevin Dillon
Atlantic Bridge Ventures
Ian Lane
Cambridge Innovation Capital
Categories
About the company
Secondmind
Secondmind provides a cloud-native optimization engine for the software-defined vehicle.