Exa Corporation
 | |
| Traded as | NASDAQ: EXA |
|---|---|
| Industry | Computer-aided engineering |
| Founded | 1991 |
Exa Corporation is a developer and distributor of computer-aided engineering (CAE) software. Its main product is PowerFLOW, a lattice-boltzmann derived implementation of computational fluid dynamics (CFD), which can very accurately simulate internal and external flows in low-Mach regimes. PowerFLOW is used extensively in the international automotive and transportation industries.
History
Exa was founded on November 21, 1991 by Kim Molvig from MIT in Cambridge, Massachusetts. It licensed patents for technology developed by Molvig and others at MIT.[1] About $2.4 million was raised in a series of venture capital investments from April 1993 though 1994 from Fidelity Ventures and individuals.[2] More funding was obtained in 1994, 1996, 1998, and 2005 including Boston Capital Ventures as an investor. In 1998 Molvig returned to MIT and in 1999 Stephen A. Remondi became chief executive.[1]
The company filed for an initial public offering in August 2011.[3] On July 3, 2012, the company shares were listed on the Nasdaq exchange under symbol EXA, raising about $3.9 million.[4]
References
- ↑ 1.0 1.1 Exa Corporation (June 18, 2012). "Prospectus". Form S-1 Amendment 5. US Securities and Exchange Commission. Retrieved November 13, 2013.
- ↑ Exa Corporation (April 30, 1993). "Exa Corporation Series A Preferred Stock and Warrant Purchase Agreement". Form S-1 Exhibit 4.3. US Securities and Exchange Commission. Retrieved November 13, 2013.
- ↑ Exa Corporation (August 3, 2011). "Prospectus". Form S-1. US Securities and Exchange Commission. Retrieved November 13, 2013.
- ↑ Exa Corporation. "Annual Report for the Fiscal Year Ended January 31, 2013". Form 10-K. US Securities and Exchange Commission. Retrieved November 13, 2013.
Further reading
- Miller, R.; Strumolo, G.; Russ, S.; Madin, M.; Affes, H.; Slike, J.; Chu, D. (1999). A Comparison of Experimental and Analytical Steady State Intake Port Flow Data Using Digital Physics. Society of Automotive Engineers.
- Lietz, Robert; Pien, William; Remondi, Stephen (2000). A CFD Validation Study for Automotive Aerodynamics. Society of Automotive Engineers.
- Gaylard (2001). Comparison of A Conventional RANS and a Lattice Gas Dynamics Simulation - A Case Study in High Speed Rail Aerodynamics. In: Rhodes, Norman. Computational Fluid Dynamics in Practice. Oxford, UK.
- Succi, Sauro (2001). The Lattice Boltzmann Equation for Fluid Dynamics and Beyond. Oxford University Press.
- Chen, Hudong; Kandasamy, Satheesh; Orszag, Steven; Shock, Rick; Succi, Sauro; Yakhot, Victor (2003). Extended Boltzmann Kinetic Equation for Turbulent Flows. Science Magazine. Vol. 301
- Kotapati, R., Keating, A., Kandasamy, S., Duncan, B., Shock, R. and Chen, H., "The Lattice-Boltzmann-VLES Method for Automotive Fluid Dynamics Simulation, a Review," SAE Technical Paper 2009-26-0057, 2009, doi:10.4271/2009-26-0057.