About Secondmind Ai
Secondmind Ai is a company based in United Kingdom founded in 2016 by Dongho Kim, Aleksi Tukiainen, and Kul Singh.. Secondmind Ai has raised $40 million across 2 funding rounds from investors including Tencent, Pearson and Mazda Motor Corporation. Secondmind Ai offers products and services including System Design and Calibration. Secondmind Ai operates in a competitive market with competitors including Comet Solutions, TASKING, SolidWorks, TOSUN Technology and Proficiency, among others.
- Headquarter United Kingdom
- Founders Dongho Kim, Aleksi Tukiainen, Kul Singh
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Secondmind Limited
- Date of Incorporation 27 Jan, 2016
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40 M (USD)
in 2 rounds
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Latest Funding Round
$16 M (USD), Series B
Nov 28, 2023
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Investors
Tencent
& 9 more
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Employee Count
Employee Count
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Products & Services of Secondmind Ai
Secondmind Ai offers a comprehensive portfolio of products and services, including System Design and Calibration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Discovers pre-validated designs using fewer simulations for automotive engineering
Calibrates systems quickly with reduced prototypes for vehicle performance
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Funding Insights of Secondmind Ai
Secondmind Ai has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $16.0M
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First Round
First Round
(20 May 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series B - Secondmind Ai | Valuation | Mazda Motor Corporation , Amadeus Capital | |
| May, 2019 | Amount | Series B - Secondmind Ai | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Secondmind Ai
Secondmind Ai has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, Pearson and Mazda Motor Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage deep technology investments are made by Amadeus Capital.
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Founded Year | Domain | Location | |
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Atlantic Bridge is focused on growth equity investments in technology.
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Founded Year | Domain | Location | |
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Venture capital investments are made in life sciences and deep tech.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Secondmind Ai
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Secondmind Ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Secondmind Ai Comparisons
Competitors of Secondmind Ai
Secondmind Ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Comet Solutions, TASKING, SolidWorks, TOSUN Technology and Proficiency, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Simulation software for product development is provided by Comet Solutions.
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| domain | founded_year | HQ Location |
Software development tools for automotive microcontroller programming are provided.
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| domain | founded_year | HQ Location |
CAD software solutions for 3D solid modeling are provided.
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| domain | founded_year | HQ Location |
Designig solutions for OEMs and suppliers
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| domain | founded_year | HQ Location |
Online CAD data translation and migration software is offered.
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| domain | founded_year | HQ Location |
AI-enabled design solutions are offered for the automotive sector.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Secondmind Ai
Frequently Asked Questions about Secondmind Ai
When was Secondmind Ai founded?
Secondmind Ai was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Secondmind Ai located?
Secondmind Ai is headquartered in United Kingdom.
Who is the current CEO of Secondmind Ai?
Kul Singh is the current CEO of Secondmind Ai. They have also founded this company.
Is Secondmind Ai a funded company?
Secondmind Ai is a funded company, having raised a total of $40M across 2 funding rounds to date. The company's 1st funding round was a Series B of $24M, raised on May 20, 2019.
What does Secondmind Ai do?
Secondmind AI was founded in 2016 in the United Kingdom. Automotive OEMs and suppliers are supported via a platform focused on system design, calibration, optimization, and related engineering tasks. Operations center on AI applications within the automotive sector, enabling efficient development processes for vehicle components and systems. The company maintains a presence in Europe, with leadership drawn from experienced co-founders and executives.
Who are the top competitors of Secondmind Ai?
Secondmind Ai's top competitors include Comet Solutions, SolidWorks and TASKING.
What products or services does Secondmind Ai offer?
Secondmind Ai offers System Design and Calibration.
Who are Secondmind Ai's investors?
Secondmind Ai has 10 investors. Key investors include Tencent, Pearson, Mazda Motor Corporation, Mandatum, and RB Capital.