JuliaHub receives investment from AE Industrial Partners HorizonX
On June 27, JuliaHub announced $13 million in strategic investment led by AE Industrial Partners HorizonX. AEI HorizonX is AE Industrial Partners‘ venture capital investment platform formed in partnership with The Boeing Company.
Based in Cambridge, MA, JuliaHub is a leader in technical computing and scientific machine learning. JuliaHub was founded by the creators of Julia, an open-source programming language that solves the two language problem by combining the ease of Python with the speed of C++. Julia allows researchers, engineers and developers who previously used different programming languages to share a common language to design, build and deploy technical systems. The JuliaHub platform is the perfect companion for the Julia developer, providing collaboration, private package development, parallel and GPU computing, reproducibility, governance, and a host of features that accelerate the development of mission-critical products in regulated industries.
“We are very excited by this new strategic investment from AEI HorizonX,” said Dr. Viral Shah, Chief Executive Officer of JuliaHub. “In recent years, Julia’s superior speed and ease of use have been put to work for pharmaceutical companies such as Pfizer and United Therapeutics, and for aerospace applications at NASA, the Federal Aviation Administration and Boeing. This investment allows us to continue to develop and help deploy Julia’s capabilities across all industries.”
Julia is seeing rapid adoption by companies that leverage computational methods to accelerate product design in engineering, manufacturing, aerospace, pharmaceuticals, finance and semiconductor design. It is being used today for drone guidance, aircraft collision avoidance, planning space missions, robot control and much more.
“The opportunity to leverage scientific machine learning is greater than ever in aerospace, and JuliaHub is the enabling platform,” said Tyler Rowe, principal at AEI HorizonX. “We have been impressed with the leadership team and JuliaHub’s ability to solve the two language problem, and we are excited to partner with them. We are prepared to help JuliaHub accelerate adoption in priority markets with our resources.”
Help IC News continue to bring you breaking news from across the IC and IC contracting landscape. Join our paid subscribers today.