AI startup JuliaHub raises $65M to rival Simulink

Driving the news: JuliaHub announced $65 million in Series B funding alongside Dyad 3.0, the latest version of its software for modeling and simulating complex systems.

• The round was led by Dorilton Capital, with participation from General Catalyst, AE Industrial Partners and Muglia, an existing investor.

What they're saying: Muglia said JuliaHub aims to harness agentic coding tools while still offering the kind of precision needed for complex hardware design.

• "The physical world needs mathematical certainty attached to what it's doing," Muglia told Axios. "And that's what Dyad provides."

Yes, but: Muglia, who spent 23 years at Microsoft and served as Snowflake CEO from 2014 to 2019, acknowledges there is a lot of work ahead if JuliaHub wants to unseat the incumbent.

• "Simulink has been around for 20 years," he said. "It has a lot of surface area and we haven't covered it all yet by any means."