Aiming to accelerate product design with AI, Trace.Space raises a seed round

Modern product engineering requires the production of highly accurate digital simulations, allowing engineers to create prototypes and understand the real-world performance of materials. Currently, legacy software platforms from companies like IBM and Dassault are generally deployed, but now startups are joining the arena, powered by generative AI.

One such is Trace.Space, coming out of Riga, Latvia. This AI-driven platform has been designed for engineers to develop industrial products.

With Western manufacturing currently under enormous…