Speedgoat

What Speedgoat does

Speedgoat GmbH, founded in 2007 and headquartered in Liebefeld (Bern), Switzerland, provides real-time simulation and testing systems used by control engineers to validate embedded controllers and power electronics before hardware prototypes are available. The company's portfolio centers on five real-time target machine product lines (Performance, Pulse, Mobile, Baseline, Unit) ranging from high-performance multi-core lab systems to rugged, field-deployable units, complemented by an extensive family of modular I/O modules supporting automotive protocols (CAN, CAN FD, FlexRay, LIN), aerospace protocols (ARINC 429/629/664, AFDX), industrial protocols (EtherCAT, Modbus, OPC UA), and grid protocols (DNP3, IEC 61850). FPGA-based I/O modules and deterministic Ethernet (Real-Time UDP, PTP IEEE-1588) provide the low-latency, high-bandwidth foundation for hardware-in-the-loop (HIL) testing and rapid control prototyping (RCP).

The platform is purpose-built to extend the MathWorks MATLAB and Simulink Model-Based Design workflow into real-time execution, allowing engineers to move from simulation to deployment without leaving the Simulink environment. Speedgoat monetizes through configured hardware sales, software/runtime licenses for protocol stacks, professional services (engineering services, jumpstart workshops, on-site lab access), and customized modular rack systems. Pricing is quote-based with no public list, indicating an enterprise sales motion.

Speedgoat sells primarily to OEMs, Tier 1 automotive suppliers, aerospace and defense contractors, power electronics manufacturers, grid operators, and research universities across six vertical segments. It operates wholly-owned subsidiaries in the United States (Speedgoat Inc., Framingham, MA) and China (Speedgoat (Suzhou) Co. Ltd.), and distributes through direct enterprise field sales supported by technical events, webinars, and integration partnerships with MathWorks and a broader simulation-software ecosystem (CarSim, GT-SUITE, JMAG-RT, Siemens Simcenter, VI-grade, WAVE-RT). The company is privately held with no disclosed external funding and holds ISO 9001, 14001, 27001, 45001, and TISAX certifications.

Name

Speedgoat

Legal name

Speedgoat GmbH

Website

https://speedgoat.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Speedgoat provides real-time simulation and testing target machines, FPGA-based I/O modules, and engineering services integrated with MathWorks MATLAB and Simulink for hardware-in-the-loop testing and rapid control prototyping, serving OEMs, Tier 1 suppliers, aerospace and power-systems engineering teams, and academic researchers globally.

Ownership category

akta.pro rank

Product category

Real-Time Simulation and Testing Equipment

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Process & Batch Control Software (Recipe Management, ISA-88) (IMAGABAH)

akta.pro secondary industries

Motion Control Electronics & Controls (Controllers, Drivers, Feedback Interfaces) (IMAHAGAJ), Instrumentation, Controls & Automation (DCS/PLC/SCADA, SIS, Metering) (EUAEAFAC), PLC, HMI & SCADA Automation (EDAOAHAD)

Keywords

• Real-time simulation
• Hardware-in-the-loop testing
• Rapid control prototyping
• Embedded controller testing
• FPGA signal processing

Headquarters

HQ city

Liebefeld

HQ country

Switzerland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Products: Real-time target machines (Performance, Pulse, Mobile, Baseline, Unit) and I/O modules (CAN FD, FlexRay, ARINC, Ethernet, DNP3, Modbus, etc.) sold as configured systems to customer specifications.
2. Engineering Services: Custom engineering services for workflow integration, application development, and tailored solutions. Includes on-site lab facilities, factory acceptance testing, and extended jumpstart sessions.
3. Training Services: Jumpstart workshops and training programs to accelerate adoption of real-time testing solutions, including setup, configuration, and deployment training.
4. Software Licenses: Runtime licenses for protocol support (DNP3, Modbus TCP, OPC UA, MQTT, ARINC825, EtherCAT) and specialized features. Pricing not publicly disclosed, provided upon request.
5. Rack Systems: Customized modular rack systems with power supplies, amplifiers, and integration services for complex testing setups.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Speedgoat designs, manufactures, and sells real-time target machines (Performance, Pulse, Mobile, Baseline, and Unit product lines) and protocol-specific I/O modules for hardware-in-the-loop testing and rapid control prototyping. Its systems integrate natively with MathWorks MATLAB and Simulink to enable Model-Based Design workflows for embedded controller validation in automotive, aerospace, power electronics, and industrial automation applications. The company also delivers configurable rack systems, jumpstart training workshops, and custom engineering services.

Product overview

Speedgoat provides a comprehensive portfolio of real-time simulation and testing solutions built around MathWorks MATLAB and Simulink. The core offering consists of five distinct real-time target machine product lines (Performance, Pulse, Mobile, Baseline, and Unit) ranging from high-performance lab systems to rugged field-deployable units, complemented by modular I/O modules supporting automotive protocols (CAN, CAN FD, FlexRay, LIN), aerospace protocols (ARINC 429/629/664), industrial protocols (EtherCAT, Modbus, OPC UA, DNP3), and Ethernet-based communication (Real-Time UDP, PTP, MQTT, XCP). The portfolio includes configurable I/O modules, FPGA-based solutions, and communication protocol support across multiple form factors. Services include hardware-in-the-loop testing, rapid control prototyping, jumpstart workshops, and engineering services. The company operates a Simulink Real-Time workflow enabling seamless integration from simulation to deployment.

Differentiator

Problem solved

Functional benefit

Products and services

• Performance Real-Time Target Machine
• Pulse Real-Time Target Machine
• Mobile Real-Time Target Machine
• Baseline Real-Time Target Machine
• Unit Real-Time Target Machine
• Tailored Rack-System
• Hardware-in-the-Loop Testing Solution
• Rapid Control Prototyping Solution
• Jumpstart Workshops
• Engineering Services

Quantifiable outcome

• Reduced development risk and increased test coverage through robust real-time testing solutions
• +2 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• MathWorkscoreTechnology or IntegrationStrategic technology integration partner providing the MATLAB and Simulink platform on which Speedgoat real-time test systems operate. Speedgoat test systems run on MathWorks MATLAB and Simulink and enable one seamless workflow for continuous integration and testing. This is a foundational platform partnership.
• Formula Student TeamsminorOthersSponsorship program supporting student engineering teams including AMZ Racing, Global Formula Racing, UPM Racing, Rennteam Stuttgart, McGill Formula Electric, and others. Provides hardware, training, and technical support for competition vehicles.
• TUM HyperloopminorOthersAcademic partnership supporting Technical University of Munich's Hyperloop development program with real-time testing solutions.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Others

• MathWorks: Platform partner rather than direct competitor. MathWorks provides MATLAB/Simulink and Simulink Real-Time on which Speedgoat's hardware runs. MathWorks is included as an ecosystem participant because Speedgoat's value proposition is tightly coupled with the Simulink roadmap.

Broad incumbents

• Vector Informatik: German automotive tools vendor offering CAN/LIN/FlexRay/Ethernet development tools, ECU calibration, and test solutions. Vector is adjacent to Speedgoat in automotive HIL workflows, often providing the test-automation layer that runs alongside Speedgoat hardware.
• National Instruments (NI, now part of Emerson): Major test-and-measurement incumbent offering PXI-based HIL systems (formerly NI VeriStand) alongside a broad instrumentation portfolio. NI competes with Speedgoat in real-time test and is part of a much larger test-and-measurement platform that can bundle HIL with adjacent instruments.

Emerging players

• Typhoon HIL: Specialist in ultra-high-fidelity HIL for power electronics and microgrid applications. Typhoon HIL is a focused emerging competitor in the electrical HIL segment where Speedgoat competes on MHz-bandwidth power converter and motor drive testing.
• S.E.A. Datentechnik: German provider of real-time simulation and HIL test systems, including power-hardware-in-the-loop (PHIL) and HiL for automotive and energy. S.E.A. is a smaller specialist competitor with overlapping customer profiles.
• Konrad Technologies: Test system integrator offering turnkey HIL and functional test solutions, including partnerships with NI and dSPACE. Konrad competes for turnkey HIL test bench deals in automotive and adjacent verticals.

Direct peers

• OPAL-RT Technologies: Canadian real-time digital simulator vendor focused on HIL for power systems, power electronics, and automotive. OPAL-RT overlaps directly with Speedgoat in electrical HIL and rapid control prototyping, particularly for grid and motor-drive applications.
• RTDS Technologies: Real-time digital simulator vendor specializing in electromagnetic transient (EMT) simulation for power system protection, HVDC, and renewable integration. RTDS overlaps with Speedgoat in the power systems vertical, particularly for grid protection and converter testing.
• dSPACE: German-headquartered provider of HIL simulators and Model-Based Development tools for automotive and aerospace. dSPACE is Speedgoat's most direct competitor, particularly in automotive ECU HIL testing, with overlapping protocol coverage and a comparable Simulink-centric workflow story.

Regional players

• IPG Automotive: German vendor of vehicle dynamics simulation (CarMaker) that integrates with Speedgoat and other HIL platforms for full-vehicle virtual testing. IPG is a complementary rather than direct competitor but competes for the same automotive ADAS and EV simulation budget.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/speedgoat
• Xx.com/speedgoatrts

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Speedgoat