It plans to grow its team in the city-state to more than 100 employees, from 20 currently
[SINGAPORE] British artificial intelligence firm PhysicsX, which builds software that simulates industrial designs and manufacturing processes, has set up its Asia-Pacific hub in Singapore.
It plans to grow its local team to more than 100 over the next three years and has signed a five-year, S$40 million partnership with the Agency for Science, Technology and Research (A*Star).
The hub, announced on Thursday (Oct 8), was set up with support from Singapore’s Economic Development Board (EDB). It follows PhysicsX’s US$300 million Series C round in June, which was led by state investor Temasek.
PhysicsX already has 20 employees in Singapore and has plans to hire forward-deployed engineers, physics AI researchers and simulation engineers.
Under the A*Star partnership, both sides will commit S$40…
