Solvay Ventures and two U.S.-based investment companies, Anzu Partners and Invest Nebraska, are investing a total of $1.9 million in a software company to speed up innovation in development of new materials.
The Belgian company said the investment in Omaha, Neb.-based MultiMechanics, was made through Solvay Ventures as part of the group's R&D function.
This joint investment, according to a July 26 statement, will enhance the development of Solvay's pipeline of high performance polymer and composite materials.
This, the Brussels-based materials supplier expects, will expand its position in aerospace, automotive and other markets.
“Solvay's decision to invest in MultiMechanics is part of our ambition to accelerate innovation in complex materials and to expand the use of composites in the automotive and aerospace industries,” said Nicolas Cudré-Mauroux, Solvay group general manager research & innovation.
“MultiMechanic's accuracy, speed and its efficient integration with commonly used commercial finite element software packages, is changing the way we develop new materials and interact with our customers,” said Cudré-Mauroux.
According to Solvay, MultiMechanics allows the modeling and failure prediction of complex materials “at an unprecedented level of accuracy and speed.”
The company has developed ‘True Multiscale' technology over 6 years, which predicts and visualizes stresses and crack propagation at multiple scales, simultaneously.