Flux raises $ 12 million to reinvent collaborative electronic design


SAN FRANCISCO – (COMMERCIAL THREAD) – Flux, creator of the first fully collaborative in-browser platform for electronics design and engineering, announced it raised $ 12 million in a funding round led by Austin McChord’s Outsiders Fund. Other investors include Bain Capital Ventures, 8VC, Liquid2VC; as well as select investors such as Tom Preston Werner, founder and former CEO of GitHub.

The funding will be used to further expand the development team, build additional functionality, and support marketing efforts. Although development for Flux began in 2019, the platform’s launch comes at a critical time: hardware teams must be working remotely while chip shortages have simultaneously prompted organizations to embrace more design processes. agile.

Flux was founded by Matthias Wagner, Christian Blank and Lance Cassidy; whose collective experience includes hardware and software projects within Apple, Facebook and NASA. Flux’s browser-based platform provides instant collaboration and design access for electronics designers, streamlining inefficient processes that have plagued the industry for decades.

“I have been fortunate to be part of teams behind some of the most influential personal computers in the world,” said Joanna Hoffman, Flux investor and original member of the Apple Macintosh team under Steve Jobs. “Yet even though today’s hardware has evolved exponentially, the software teams use to design electronics hasn’t changed much. Collaboration with electrical engineers is still as clumsy and inefficient as it was almost 40 years ago. That’s why I’m so excited about Flux – well, someone has a new take on how to fix it.

Another notable feature of Flux is its community library, which enables the storage and sharing of open source parts, simulation models and diagrams created by its user community. Much like GitHub, engineers never have to start a project from scratch and therefore the former CEO of GitHub is an investor in Flux.

“Flux builds on many of the ideas that made GitHub so successful and applies them to the hardware industry,” Preston-Werner said. “Simplifying collaboration and leveraging the work of others will accelerate hardware innovation. ”

Flux can work in any modern web browser and does not require any software downloads or licenses. The platform has a programmable simulator that eliminates the need for repeated downloads and uploads in cumbersome and more resource-intensive simulators. Combined with its real-time collaboration tools, version control, and automated parts procurement, Flux helps teams work together seamlessly by removing the barriers and downtime that have plagued engineers for decades.

“From my experience building hardware, I have found that designing a specific part or subassembly is only half the battle,” explained Jonathan Ng, Flux investor and product manager at Nest and Waymo. “The real challenge is to make it all work with a whole team of engineers approaching the problem from different angles, different expertise, different time zones and different locations. Flux builds the hardware collaboration tool that I wish I had.

“The world has changed dramatically since the first commercial chip developers opened their store in the 1970s and 1980s. Today’s chip shortage is just the latest sign of this,” said Wagner, who is the CEO of Flux. “The supply chain challenges we see now are not just a pandemic problem, they stem from decades of inattention to the design process itself. We built Flux to finally solve these problems and we feel very lucky to have found so many amazing investors who share our vision.

Besides Werner, Ng and Hoffman, investors include Anne Raimondi, board member of Asana, Patreon and Gusto; Lenny Rachitsky, Product Growth Lead at Airbnb & Product Management Guru; Andy Szybalski, head of design at Uber Eats; Alain Rossmann, founding member of the original Apple Macintosh team; Seth Bannon, founding partner of fifty.vc; Adam Lisagor, CEO, Sandwich Video; Andy Berman, Founder and CEO of Nanit & Vowel; Lucy Guo, founder of Scale AI; Brian Norgard, CPO at Tinder; Chris Schaepe; Drew Moxon; Philippe Berner; and others.

To subscribe to Flux, go to https://www.flux.ai/.

About Flux

Founded in 2019 and based in San Francisco, Flux created the first electronics design tool that enables instant browser-based collaboration for electronics designers. The platform offers the world’s first programmable simulator, version control, instant parts sourcing, and unlocks projects using its open source community library. Flux facilitates seamless product development and helps electronics teams get to market faster. Find out more at www.flux.ai.

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