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Itera

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Itera builds and tests physical electronic circuits from a design without simulation, capturing real-world behavior and allowing rapid iteration. It targets hardware engineers as an alternative to traditional PCB prototyping and simulation.

Deep TechDeveloper ToolsHardware

Founders & leadership

ACAJ Cooper
AJ CooperFounderAJ Cooper is founder of Itera, which builds and tests physical electronic circuits from designs without simulation to enable rapid iteration in hardware development. With approximately two decades of experience in engineering and materials science, Cooper has led multidisciplinary teams focused on accelerating hardware prototyping and manufacturing processes.
MFMattis Fjällström
Mattis FjällströmFounderMattis Fjällström is co-founder of Itera with over 20 years of experience in embedded software and systems programming; he holds an MSc in Information Technology Engineering and has worked extensively with bare-metal development, real-time operating systems, device drivers, and embedded networks.

Investors · 3

Upfront Ventureslisted by Upfront VenturesLos Angeles · $1M – $10M

How we know: Upfront Ventures's portfolio page · a partner's Signal profile · funding news · raising.fi · open dataset · 5k.vc investor directory · Not right? Tell us

Costanoa VenturesreportedSan Francisco · $500K – $8M

How we know: funding news · Not right? Tell us

Funding

SEC filings, press & company announcements

$24M disclosed across 2 rounds · 2026

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Itera Raises $12M in Seed Fundingfinsmes.com · May 2026

Frequently asked questions

What does Itera do?
Itera builds and tests physical electronic circuits from a design without simulation, capturing real-world behavior and allowing rapid iteration. It targets hardware engineers as an alternative to traditional PCB prototyping and simulation.
Who founded Itera?
Itera was founded by AJ Cooper, Mattis Fjällström.
Who are Itera's investors?
Itera's investors include Colle Capital Partners, Upfront Ventures, Costanoa Ventures.
How much funding has Itera raised?
Itera has disclosed $24M raised across 2 rounds.