Antwerp-based tech startup Marple recently closed a new investment round to support their growth into the automotive and aerospace industry.
Marple was founded by Matthias Baert and Nero Vanbiervliet, two engineers who were fed up with the data tools they had to use. Matthias worked as an engineer for the Mercedes Formula 1 team during the 2017 and 2018 seasons.
He discovered that even in Formula 1, known for its cutting-edge technology, there needed to be more effective software to organise and analyse data collected from the cars efficiently.
"This signalled to us that there's a need for a better solution," says Matthias.
Engineering datasets are massive, particularly those from sensors producing time series data. Processing such large datasets is complex and requires specialised handling. Marple recognised this challenge and developed a unique time series algorithm capable of instantaneously processing billions of data points.
In 2023, over 3000 engineers worldwide used Marple in their data analysis workflow. Companies like Atlas Copco, Verhaert, Yuso, DeepDrive, EddyGrid, and Aura Aero, along with some well-known motorsport teams and various aerospace companies, already use Marple.
For example, DeepDrive, a German company developing electric motors for major automotive players like BMW, uses Marple for data analysis. Marple enables DeepDrive to efficiently process and interpret the extensive data generated during their electric motor development and testing phases.
The hyperloop and eVTOL sectors also use Marple software.
The round was led by Network Venture Partners and joined by Birdhouse Ventures and imec.istart.
"We're thrilled to have both Network Venture Partners and Birdhouse joining Marple!" says Matthias Baert.
"The experience of Network Venture Partners in the automotive industry combined with their startup knowledge is unique and will give Marple a big boost."
As Marple enters its next phase of growth, the company is setting its sights on attracting larger customers within the Automotive and Aerospace industries. This strategic move aims to expand Marple's footprint in these technologically advanced sectors, where data analysis plays a crucial role in innovation and development.
To achieve this goal, Marple will focus on integration with established databases. Solutions such as Microsoft Fabric, Timescale, InfluxData, Apache Spark, and Mireo are gaining increasing traction in engineering, and Marple wants to join in on this trend.
Lead image: Marple. Photo: uncredited.
Would you like to write the first comment?
Login to post comments