Silexica, a German developer of the SLX programming tools, has raised $18 million in a Series B round of financing.
Swedish private equity firm EQT Ventures fund led the round, joining all existing investors Merus Capital, Paua Ventures, Seed Fonds Aachen and DSA Invest.
The company said the deal will enable it to strengthen existing and upcoming SLX tools and solutions. It added that the investment move will also help it develop an industry first, vendor-neutral, multi-application simulation platform to help original equipment manufacturers.
In November 2016, Silexica raised $8 million in a Series A funding round and was led by U.S. venture capital firm Merus Capital and German peer Paua Ventures with participation from existing investors Seed Fonds Aachen and DSA Invest.