AVSimulation secures 10 million euros in a capital increase round backed by Dassault Systèmes

A.V. Simulation, a Paris, France-based developer of software simulations for mobility companies, announced that it increased the capital with 10 million euros ($12.1M).

The money was raised from Dassault Systèmes. Following this increase, Oktal holds 55.25%, Renault 29.75% and Dassault Systèmes 15% of A.V. Simulation.

The proceeds will be used for reinforcement of R&D investments aimed at the certification of on-board systems of autonomous vehicles, driven by the realistic simulation of information exchanges with their environment.

A.V. Simulation is a company created in July 2017 by contributions from Oktal (head of the Simulation division of Sogeclair) and Renault. Based in France and in the United States, the company employs 82 employees and achieved a turnover of € 21.2 million in 2019.