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Modelwise
AddedFeb 17, 2024
UpdatedJun 18, 2026
Modelwise

Modelwise

Seed

San Francisco software firm, Modelwise, uses AI to streamline safety engineering, enhancing product design.

HQ
San Francisco, CA, US
Founded
2022
Overview
Compare
Fundraising
Employees
Website

Modelwise, founded in Munich, leverages AI to automate safety engineering processes. Their core mission is to streamline safety analysis, thereby saving engineers time and improving the quality of their analyses. The company's flagship product, Paitron, automates failure mode and effects analysis (FMEA), significantly reducing the time required for safety assessments and identifying design flaws early in the process. Modelwise primarily focuses on the industrial tech market, aiming to enhance product design through advanced AI-driven solutions.

Notable affiliations include TÜV SÜD, which has provided a concept report validating the quality of Modelwise's algorithms and methods. Key achievements include the ability to reduce weeks of safety assessments to mere hours and significant cost savings by identifying design flaws early. The overall impact of Modelwise is substantial, as it enables engineers to produce safer, higher-quality products more efficiently, positioning the company as a leader in AI-driven safety engineering.

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Modelwise - Quick Facts

Who are Modelwise's competitors?

Companies similar to Modelwise include Faros AI, SAFA.ai, CalypsoAI and Alpha AI.

When was Modelwise founded?

Modelwise was founded in 2022.

Where is Modelwise's headquarters located?

Modelwise's headquarters is located in San Francisco, CA, US.

When was Modelwise's last funding round?

Modelwise's most recent funding round was for $361.4k (USD) in November 2023.

How much has Modelwise raised to-date?

As of Nov 9, 2023, Modelwise has raised a total of $2.6M (USD).

How many employees does Modelwise have?

Modelwise has 7 employees as of Feb 4, 2024.

Modelwise - Classification

Ownership
  • Venture Capital
Technology
  • AI
  • Automation
Geographic Exposure
  • Global
Revenue
  • Recurring
  • SaaS
  • Software
Customer
  • Enterprise
Main Product
  • Engineering Software
Tags
  • AI Operations
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7372Prepackaged Software
Show 6 more industry codes
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7371Computer Programming Services