Adaptive Simulations is a Sweden-based organization that offers fully automated, cloud-based flow simulations and design optimization in a

Software-as-a-Service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is cons ...

model.

Background

Adaptive Simulations was founded in 2015 as a spin-out from the research conducted on automated simulations at

Royal Institute of Technology The KTH Royal Institute of Technology ( sv, Kungliga Tekniska högskolan, lit=Royal Institute of Technology), abbreviated KTH, is a public research university in Stockholm, Sweden. KTH conducts research and education in engineering and technol ...

(KTH), Stockholm. The company is led by Sebastian Desand, the CEO. In 2017, Adaptive Simulations was one of the finalists for the Sweden's “Entrepreneur of the Future” award. In the same year, the company was one among the top 50 finalists at the Pioneers500 awards.

Grants and Funding

Adaptive Simulations has been awarded three grants. In 2014, the team received a grant from

European Research Council The European Research Council (ERC) is a public body for funding of scientific and technological research conducted within the European Union (EU). Established by the European Commission in 2007, the ERC is composed of an independent Scientif ...

(ERC). In 2016, the company received two grants from Swedish agency for innovation and growth (

VINNOVA Vinnova is the Swedish government agency The government agencies in Sweden are state-controlled organizations that act independently to carry out the policies of the Government of Sweden. The ministries are relatively small and merely policy-ma ...

) and the EU-commission as a part of Horizon2020-programme for disruptive innovations. In May 2017, the company raised €1.5 million funds from Karma Ventures, and Creathor Venture, along with the participation from KTH Holding.{{Cite web, url=https://nordic9.com/news/adaptive-simulations-get-1-5-million-euros-from-creathor-and-karma-ventures-news2757814120/, title=Adaptive Simulations raises 1.5 million euros from Creathor and Karma Ventures, last=Novac, first=Dragos, website=Nordic 9, language=en, access-date=2017-12-14

Platform

The product innovation behind Adaptive Simulations is enabled by adaptive algorithms, based on the research experiments in the areas of numerical analysis,

Computational Fluid Dynamics Computational fluid dynamics (CFD) is a branch of fluid mechanics that uses numerical analysis and data structures to analyze and solve problems that involve fluid flows. Computers are used to perform the calculations required to simulate t ...

(CFD) and computer science at KTH Institute. These adaptive algorithms are said to make the simulation process less complex, for the inexperienced users.

References

Software companies of Sweden Companies based in Stockholm Simulation software University spin-offs