What MathConsult GmbH. does

MathConsult GmbH is an Austrian applied mathematics and numerical simulation company founded in 1996 by Prof. Heinz Engl and headquartered in Linz, Austria. The firm operates two principal business lines. The first is the UnRisk software family, providing numerical engines and frameworks for pricing, calibration, and risk management of financial derivatives, used by banks, asset managers, and insurers. The second is custom R&D services that translate advanced numerical methods into industrial solutions, including adaptive optics algorithms for the European Southern Observatory, a blast furnace model for Siemens VAI, heavy plate temperature control for voestalpine, and the CRUISE M multi-rate co-simulation platform developed with AVL List GmbH. The technical core spans finite element methods, Monte Carlo simulation, Fourier techniques, and PDE solving, with the team comprising 25 scientists (approximately 50% holding PhDs) and research ties to the Johann Radon Institute for Computational and Applied Mathematics (RICAM) and partner universities.

The company earns revenue through a mix of UnRisk software licensing, project-based custom R&D contracts with industrial clients, and supplementary research grants from EU Horizon 2020, the Austrian FFG, the Upper Austrian government, and the Marie Skłodowska-Curie ROMSOC training network. The 2013 publication of 'A Workout in Computational Finance' and the UnRisk ACADEMY initiative extend the model into training and certification. Long-dated partnerships with AVL (since 2002), ESO (since Austria's 2008 ESO accession), and Siemens VAI, together with the UnRisk Omega joint venture for Swiss financial market entry, form the strategic backbone of the firm. MathConsult has published 200+ scientific papers and is led by Dr. Andreas Binder.

Name

MathConsult GmbH.

Legal name

MathConsult GmbH

Website

https://mathconsult.co.at

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

MathConsult GmbH is a Linz, Austria-based applied mathematics firm that licenses the UnRisk software family for financial valuation and risk management and delivers custom numerical simulation R&D to industrial clients in steel, automotive, and astronomy.

Ownership category

akta.pro rank

Product category

Financial Risk Management Software

NAICS

Engineering Services (54133), Engineering Services (541330), Custom Computer Programming Services (541511), Software Publishers (5132)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Engineering Services (8711), Services-Computer Programming Services (7371)

akta.pro primary industry

Financial Instruments & Derivatives Valuation (BPAHANAF)

akta.pro secondary industry

Reliability, Safety & Risk Engineering (RAMS/PSM) Consulting (BPAHAIAK)

Keywords

• Computational finance software
• Financial risk management
• Industrial mathematics consulting
• Adaptive optics algorithms
• Simulation software

Headquarters

HQ city

Linz

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Mathematics-based Solutions Development: Research company developing custom mathematics-based solutions for producing industry and financial institutions through project-based work and long-term client relationships.
2. UnRisk Software Licensing: Sale and licensing of UnRisk software products including UnRisk ENGINE for valuation and UnRisk FACTORY for automation and risk management to financial institutions.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

MathConsult GmbH develops and licenses mathematics-based software solutions, principally the UnRisk product family for valuation and risk management of financial instruments (covering asset classes such as fixed income, equity, and derivatives), and UnRisk FACTORY for automated portfolio valuation and scenario analysis. The company also conducts custom research and algorithm development for industrial clients in steel production, automotive simulation, and astronomical adaptive optics, delivering proprietary numerical methods that solve coupled systems of partial differential equations in real time.

Product overview

MathConsult GmbH offers mathematics-based solutions primarily for the producing industry and financial institutions. The core product is the UnRisk software family for financial valuation and risk management, consisting of the UnRisk ENGINE (pricing engine) and UnRisk FACTORY (automation system). The UnRisk product family covers various financial instruments across asset classes using stochastic models, Monte Carlo simulation, and Fourier techniques. Related offerings include UnRisk Omega (financial advisory for European/Swiss compliance), A Workout in Computational Finance (educational book and UnRisk ACADEMY), and specialized simulation modules for industry including CRUISE™ M automotive simulation, surrogate models for hardware-in-the-loop systems, adaptive optics algorithms for telescopes, blast furnace models, heavy plate temperature control, and local volatility calibration using Dupire's formula.

Differentiator

Problem solved

Functional benefit

Brands

• UnRisk: Software solutions for the financial industries, including UnRisk ENGINE for valuation of financial instruments and UnRisk FACTORY for automated valuation and risk management systems.
• UnRisk Omega
• UnRisk ACADEMY
• CRUISE M

Products and services

• UnRisk Software product family for valuation and risk management sold to financial institutions (banks, asset management firms, insurance companies). Enables daily valuation of assets and liabilities and analysis of financial risk under changing market conditions, incorporating the UnRisk ENGINE pricing engine and UnRisk FACTORY automation platform.
• UnRisk Omega Joint venture with Swiss partners delivering financial advisory software for European and Swiss compliance, including asset and wealth management advisory, client profiling, and financial product risk classification.
• UnRisk ENGINE Pricing engine covering a wide range of financial instruments and models (Black76, Bachelier, Hull-White, Black-Karasinski, Libor market model) using Green's functions, finite element techniques, Quasi-Monte Carlo simulation, and Fourier techniques.
• UnRisk FACTORY Automated, scalable platform that loads market data, calibrates models, values instruments, and applies predefined and user-defined risk scenarios (Value at Risk, stress tests, scenario tests), handling millions of single valuations for financial institutions.
• CRUISE M Simulation component library developed in cooperation with AVL for hybrid, battery and fuel cell electric vehicle models, coupling electric, mechanical, fluid and thermal networks using multi-rate time integration co-simulation.
• Adaptive Optics Algorithms (CuRe / CuReD) Algorithms for deformable mirror control in ground-based telescopes, with parallelised domain-decomposition (CuReD) versions achieving 20-1100x speed-ups over matrix vector multiplication, enabling 3000 adjustments per second on E-ELT-scale systems.
• Blast Furnace Model Kinetic simulation model of blast furnace processes covering up to 50 highly nonlinear chemical reactions, material movement, and energy balances, licensed into Siemens VAI's automation offerings for process optimisation.
• Heavy Plate Temperature Control Solver Fast solver for the nonlinear heat transport equation enabling temperature control and prognosis in heavy steel plate production during hot rolling and accelerated cooling, achieving satisfactory accuracy in 20 milliseconds.
• Surrogate Models Support vector machine-based surrogate models that replace numerically intensive partial differential equation solutions, achieving speed-ups of factor 1000 and more, enabling real-time hardware-in-the-loop automotive simulation.
• Dupire Calibration (Local Volatility) Robust calibration scheme for local volatility models using Dupire's closed-form solution with Tikhonov regularisation to avoid cliffy volatility surfaces from naive inversion.
• A Workout in Computational Finance (Book) Educational textbook covering numerical methods for finance, published by Wiley and serving as the foundation for the UnRisk ACADEMY training platform.

Quantifiable outcome

• 20 to 1100x speedups in adaptive optics algorithms over standard matrix vector multiplication
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• European Southern Observatory (ESO)coreStrategic or Co-development Partner · 1 January 2008As part of Austria's contribution to ESO (joined 2008), team including MathConsult conducts research and algorithm development on Adaptive Optics. CuReD algorithms developed for E-ELT telescope.
• AVL ListcoreStrategic or Co-development Partner · 1 January 2002Cooperative research in automotive simulation since 2002. Joint development of CRUISE M component library for hybrid, battery and fuel cell electric vehicle simulation models.
• Radon Institute for Computational and Applied Mathematics (RICAM)coreStrategic or Co-development PartnerLong-standing research cooperation with RICAM of the Austrian Academy of Sciences. Joint research on adaptive optics for European Extremely Large Telescope and other industrial mathematics projects.
• Swiss Partners (UnRisk Omega)coreStrategic or Co-development PartnerJoint venture with Swiss partners to develop UnRisk Omega solutions for financial advisory fulfilling European and Swiss compliance rules.
• voestalpine GrobblechminorStrategic or Co-development PartnerJoint project on modelling and simulation of leveling machines for heavy plate production. Results presented at NUMIFORM 2019.
• Siemens VAIminorOEM/ Whitelabel/ Licensing PartnerThe kinetic blast furnace model developed by MathConsult is part of Siemens VAI's automation offerings.
• FinanzverlagminorStrategic or Co-development PartnerUnRisk presented PRIIPs results at seminar organized by Finanzverlag in May 2019, with participation from Austrian Financial Market Authority (FMA).
• Austrian UniversitiescoreStrategic or Co-development PartnerResearch cooperations with universities in Austria and from abroad. Industrial Mathematics Institute (JKU Linz) and other academic institutions.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mathconsult-gmbh.

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 MathConsult GmbH.