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Modelwise provides software that automates functional safety analysis for engineering models.
Founded in 2018 and based in Munich, Modelwise develops Paitron, a software suite for automating functional safety analysis and failure evaluation. It supports FMEA, FMECA, and FMEDA and works with digital models from programs such as OrCAD and Matlab Simulink. In April 2023, it raised EUR 2 million in seed funding led by Join Capital, with participation from Emerging Ventures and FAST by GETTYLAB. The company also offers tool and process consulting.
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