PRESS RELEASE

Munich, 26 April 2023

Dr. Kai-Klemens Wehlage, Peter Kipp and Dr. Simon Busch of honert münchen PartG mbB provided comprehensive legal and tax advice to modelwise GmbH on all aspects of German law as part of a seed financing round, led by VC investor Join.

modelwise is a start-up located in Munich offering an AI-based software tool for functional safety engineering. Based on 15 years of collaborative research at the Technical University of Munich, modelwise has developed a tool that automates nearly 90% of functional safety analysis, reducing development effort by more than tenfold while increasing safety.

In doing so, the software developed by modelwise automates technical tasks that are usually performed by safety engineers. This leads to a significant competitive advantage while improving quality and simultaneously reducing costs and effort. Numerous industries benefit from the solution of modelwise, from the automotive industry over industrial automation to aeronautics and aerospace. The 2 million Euro (2.2 million US-Dollar) seed funding round enables modelwise to further develop its revolutionary AI-based digitalization of safety engineering on your software platform.

THE ADVISORS:

honert (Munich): Dr. Kai-Klemens Wehlage (lead) and Peter Kipp (both venture capital/corporate law) and Dr. Simon Busch (tax law)

For further information please contact:

Dr. Kai-Klemens Wehlage
honert münchen PartG mbB
rechtsanwälte wirtschaftsprüfer steuerberater
Theatinerstraße 14
80333 Munich
Phone +49 (89) 388 381 0
[email protected]