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21st August 2017, Brussels

Solvay co-invests $1.9 million in MultiMechanics

Solvay, Anzu Partners and Invest Nebraska are together investing a total of US$ 1.9 million in MultiMechanics, whose virtual testing software is said to enable to accelerate innovation in new materials. Solvay Ventures has made the investment as part of Solvay Group’s Research & Innovation function.

Solvay is a leader in metal replacement materials. This joint investment will enhance the development of Solvay’s pipeline of high performance polymer and composite materials, and expand its position in aerospace, automotive markets and other markets, the company reports.

Brussels, Belgium, headquarters. © Solvay

“Solvay’s decision to invest in MultiMechanics is part of our ambition to accelerate innovation in complex materials and to expand the use of composites in the automotive and aerospace industries. MultiMechanic’s accuracy, speed and its efficient integration with commonly used commercial finite element software packages, is changing the way we develop new materials and interact with our customers,” said Nicolas Cudré-Mauroux, Solvay Group General Manager Research & Innovation.

MultiMechanics

“Our customers greatly benefit from the software systems we develop,” said Leandro Castro, co-founder and Chief Executive Officer of MultiMechanics, “and I am delighted that we have broad support from these new investors to help us continue to grow our team, our product offerings, and our business.”

Based in Omaha, NE, MultiMechanics allows the modelling and failure prediction of complex materials at a great level of accuracy and speed. The TRUE Multiscale technology, developed over six years, predicts and visualises stresses and crack propagation at multiple scales, simultaneously. The software aims to enable innovation acceleration in a large range of industries: composites, polymers, 3D printing, automotive, aerospace, energy and even applications in biotech and pharmaceuticals.

Solvay

Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability.

Its lightweighting materials are designed to enhance cleaner mobility, its formulations optimise the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 58 countries.

www.solvay.com

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