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Stock impact report

How Neural Concept's aerodynamic AI is shaping Formula 1 [TechCrunch]

SAFRAN SA UNSPON/ ADR (SAFRY) 
NASDAQ:AMEX Investor Relations: safran-group.com/finance/investor-relations
Company Research Source: TechCrunch
In 2018, the company's fledgling software helped develop the world's most aerodynamic bicycle. Today, four out of 10 Formula 1 teams use an evolution of that same technology. Along the way, Baqué's company picked up contracts with aerospace suppliers like Airbus and Safran, earning a $9.1 million Series A raise in 2022 . Now at 50 employees, Switzerland-based Neural Concept is working toward a Series B round while its software helps historic F1 teams like Williams Racing find their way back to the top of the world's premiere form of motorsport. However, where Formula 1 cars rely on 1,000-horsepower hybrid V6 engines, Baqué's first practical application of the technology was human-powered. Pedal power In 2018, Baqué was studying at the École Polytechnique Fédérale de Lausanne's Computer Vision Laboratory, working on applying machine learning techniques to three-dimensional problems. “I was put in contact with this guy who was leading this team, designing the sixth or seventh Show less Read more
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