River Lane Research Ltd announced that it has received £15 million in funding from Altair Engineering Inc., Molten Ventures Plc, Cambridge Innovation Capital Limited, National Security Strategic Investment Fund, Amadeus Capital Partners Limited
April 23, 2023
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River Lane Research Ltd announced that it has received £15 million in a round of funding led by returnng investor Molten Ventures Plc on April 24, 2023. The transaction included participation from new investor Altair Engineering Inc. and retuning investors Cambridge Innovation Capital Limited, National Security Strategic Investment Fund and Amadeus Capital Partners Limited. James R. Scapa from Altair Engineering Inc. will join board of directors.
Altair Engineering Inc. is a computational science and artificial intelligence company. The Company provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics and artificial intelligence (AI). The Company operates through two segments: Software and Client Engineering Services. The Software segment includes software, software services, and software-related services. The software component of this segment includes its portfolio of software products, including its solvers and optimization technology products, HPC software applications and hardware products, modeling and visualization tools, data analytics and analysis products. The Client Engineering Services segment provides client engineering services to support its customers with long-term, ongoing expertise. The Companyâs solution FlightStream, provides computational fluid dynamics (CFD) software with a footprint in the aerospace and defense sector.
River Lane Research Ltd announced that it has received £15 million in funding from Altair Engineering Inc., Molten Ventures Plc, Cambridge Innovation Capital Limited, National Security Strategic Investment Fund, Amadeus Capital Partners Limited
ALTAIR ENGINEERING INC. 
