JuliaHub raises $65 million in Series B funding to challenge MathWorks' Simulink with AI-powered modeling software

JuliaHub announced $65 million in Series B funding led by Dorilton Capital, with participation from General Catalyst, AE Industrial Partners, and Bob Muglia, the former Snowflake CEO and longtime Microsoft executive.

The startup is developing Dyad 3.0, software for modeling and simulating complex systems that combines AI agents with Julia, an open-source technical computing language, aiming to compete with Simulink, MathWorks' tool for designing products such as cars and airplanes.

Muglia stated that Dyad provides 'mathematical certainty' needed for complex hardware design, though he acknowledged that Simulink has been established for 20 years and JuliaHub has not yet covered its full feature set.