Simulation Theory, a company focused on reducing waste by optimizing compute resources, has successfully raised $2 million in pre-seed funding. The funding round was led by Larry Russ, managing partner at Russ, August & Kabat, with individual investors including Ryan Peterson (former CEO of Finger Food Advanced Technology Group), and Robert Wallace of Strategic Alternatives.
This funding will support further development of Simulation Theory’s innovative software development kit (SDK) designed to maximize applications’ ability to optimize existing resources to help companies save billions in overspending on hardware and cloud usage each year.
Many businesses increasingly depend on cloud services but often struggle with the skyrocketing prices associated with inefficient hardware usage. Simulation Theory’s technology enables businesses to leverage their existing infrastructure more efficiently, reducing cloud computing costs by up to 40% by dramatically increasing application performance.
Customers such as Secur3D, Encant AI, Perception Grid, and Gameye are among Simulation Theory’s initial partners evaluating the benefits of a Simulation Theory technology integration in terms of future cost savings and performance gains.
Secur3D – a company that moderates and safeguards UGC – transforms how platforms, creators, and brands protect their 3D assets from infringement and unauthorized use. By leveraging Simulation Theory, Secur3D is poised to scale its operations rapidly.
Simulation Theory also recently launched a pilot program to test the technology’s effectiveness for enterprise applications across various industries.
KEY QUOTES:
“The Digital Revolution is over. Welcome to the Age of Optimization. As the demand for computing resources continues to skyrocket, we cannot simply build our way out of the problem. Simulation Theory is a deep technology company founded to address the fundamental computing challenges this new age presents. The Simulation Theory SDK allows customers to maximize the compute resources they already have, driving down costs, accelerating business results and promoting sustainable practices that can dramatically reduce our carbon footprint.”
- Anthony Castoro, chief executive officer and co-founder of Simulation Theory
“We understand that creating software that scales on modern CPUs is challenging and as a result the solution has been to throw more expensive hardware at the problem. Our technology makes it simple for application developers to take full advantage of multi-core CPU architectures on every popular operating system. Some of our early clients have already increased their compute performance by several orders of magnitude, reducing time to completion by as much as 90 percent on the same hardware.”
- Randy Culley, chief technology officer at Simulation Theory
“Integrating Simulation Theory will allow us to expand in ways we thought would take years. We anticipate increasing our asset intake capacity by at least 20x and believe this technology will change how people anticipate, compute, and meet customer demand.”
- Nigel Metcalf, Head of Product at Secur3D
