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        Digital twin modeling solution provider ScaleOut Software has released version 3 of its ScaleOut Digital Twins platform, available as a cloud service and an on-premise hosting platform.
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        Key features of the new version include an improved user interface for easier deployment and management of digital twin models, streamlined aggregation of statistics, capabilities for message recording and replay during simulations, and expanded connectivity options, including integration with open-source Kafka and AWS DynamoDB.
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    <a href="https://www.businesswire.com/news/home/20240507157748/en/">
      Press release
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Digital Twin

PROMINENT_CATEGORY

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 <p>ScaleOut Software, a provider of digital twin modeling solutions, has launched version 3 of its ScaleOut Digital Twins platform. This version is accessible as a cloud service and an on-premise hosting platform.</p>
 <p>Significant enhancements in the new version involve an upgraded user interface facilitating easier deployment and management of digital twin models. It also offers streamlined aggregation of statistics and features for message recording and replay during simulations. Additionally, it provides expanded connectivity options, incorporating integration with open-source Kafka and AWS DynamoDB.</p>
 
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ScaleOut Software releases new version of digital twins platform

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 <p>Hexxcell, a digital twin provider for heat transfer systems, has formed a partnership with Tranter, a provider of heat exchanger solutions. The goal of this partnership is to optimize maintenance of industrial heat exchangers by using digital technology.</p>
 <p>This optimization will be achieved by leveraging Hexxcell's hybrid AI digital twin models. These models will aid plant operators in understanding the performance of heat exchangers. This understanding will lead to a discovery of methods to enhance operations, decrease downtime and create optimal maintenance strategies for increased efficiency.</p>
 <p>Hexxcell, based in the UK, is an expert in advanced monitoring and predictive maintenance software for the process industry. Their hybrid AI digital twins are a combination of AI, physics-based models and domain expertise. These are utilized for monitoring, designing and maintaining industrial thermal systems.</p>
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Hexxcell and Tranter partner to digitize heat exchanger maintenance

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 <p>Dassault Systèmes, a software company, has renewed its strategic alliance with Jaguar Land Rover (JLR), a car manufacturer, for an additional five years. This partnership aims to enhance the company's efficiency and production management.</p>
 <p>In the scope of this extended collaboration, JLR plans to adopt Dassault Systèmes' 3DEXPERIENCE software broadly. This advanced software facilitates the development of virtual twins, supporting the auto manufacturer in enhancing productivity, optimizing manufacturing procedures, and reducing waste and related costs. This comprehensive software will synchronise processes like conceptualization, setting benchmarks, system engineering, design, and manufacturing in one shared interactive platform.</p>
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Dassault Systèmes extends strategic partnership with JLR to implement 3DEXPERIENCE software

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 <p>Digital Twin solution provider, inHEART, has raised USD 11 million in a funding round. The round was co-led by Vesalius Biocapital IV and Elaia Partners. Other participants included NACO, Sagana, Sofia Angel Ventures, and other investors.</p>
 <p>inHEART also sourced funds through a crowd equity campaign on Tudigo and received money from the UK-based impact fund Astorg Foundation. Collectively, these fund-raising initiatives have garnered USD 15.2 million for the company.</p>
 <p>The company aims to use the new funds for commercial expansion into the US, EU, Asia-Pacific, and Middle East markets. It also intends to increase development of its AI software solutions designed for various cardiac conditions.</p>
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inHEART raises USD 11 million for commercial expansion

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 <p>Siemens and Mercedes Benz have teamed up to create a model named Digital Energy Twin, aimed at improving energy efficiency and reducing emissions in the automotive manufacturing process.</p>
 <p>This model is a digital duplicate of the physical energy system utilized in Mercedes Benz's Factory 56 in Sindelfingen, Germany. The aim is to analyze and enhance energy consumption in various situations by integrating information such as weather data, load profile simulation, and building asset selection. This enables quicker and more informed decisions for maximizing energy efficiency, reducing costs, and decreasing emissions. It is projected that the Digital Energy Twin could result in potential energy savings of between 15%-20% per manufacturing site and an average CO2 reduction of 50% per site.</p>
 
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Siemens and Mercedes Benz partner to optimize energy usage with Digital Energy Twin

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 <p>CoStar Group is set to acquire Matterport, a platform specialising in 3D spatial data capture. The transaction, composed of cash and stock, is valued at USD 5.50 per share. This gives an equity value of roughly USD 2.1 billion and an enterprise value of about USD 1.6 billion, based on the CoStar Group's stock closing price as of April 19, 2024. The acquisition is yet to be approved by Matterport's shareholders and meet normal closing conditions, including regulatory approvals.</p>
 <p>CoStar Group aims to utilise Matterport's technology to elevate its online real estate marketplaces. This will be achieved by offering users a more immersive property viewing experience.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> <a href="https:<br>
//sp-edge.com/companies/207517"> DocuSign </a> , another proptech disruptor operating in the transaction closing tools segment, announced <a href="https:<br>
//sp-edge.com/updates/25004"> exploring options for potential sale </a> in December last year amid slowing growth and citing recent leadership changes, layoffs, and lower-than-expected revenue forecasts as having impacted the company's stock performance.</p>

CoStar Group to acquire Matterport in a cash and stock transaction

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 <p>inHEART, a Digital Twin solution provider, has received FDA approval for its AI-based software module, which can fully automate the segmentation of CT images into 3D cardiac models. This module was previously approved and commercially available in the EU. </p>
 <p>The FDA clearance bolsters the company's capability to provide its AI-powered heart digital twin to physicians, thereby refining treatment strategies and enhancing clinical outcomes for patients with heart rhythm disorders.&nbsp;</p>
<p>inHEART specializes in delivering AI-driven digital twin solutions for heart care, with a focus on medical image analysis and cardiac modeling for heart rhythm disorders. The firm purports that the application of inHEART has demonstrated a potential decrease in ventricular tachycardia (VT) procedure times by up to 60%. Furthermore, image-guided ablations made possible by the inHEART solution have reportedly reduced VT recurrence rates by 38% compared to traditional ablation techniques.</p>

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inHEART receives FDA approval for AI-driven digital twin of the heart

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 <p>NVIDIA, a company specializing in digital twin solutions, has released APIs for its Omniverse Cloud. These are intended to assist in developing and managing digital twin applications for different software manufacturers. </p>
 <p>The newly launched Omniverse Cloud APIs consist of five main components. First is USD Render, designed for visual representation of OpenUSD data. The second is USD Write, which facilitates modification of OpenUSD data. The third is USD Query, supporting interactive scenario enquiries. The fourth is USD Notify, keeping track of changes to the OpenUSD data. The fifth is Omniverse Channel, aimed at simplifying collaboration across varied digital settings.</p>
 <p>NVIDIA articulates that making use of the Omniverse Cloud APIs yields a more immersive experience in digital twins for clients due to the implementation of GenAI. They note that this assists in the virtual design, construction, and verification of products, manufacturing processes, and factories before their physical creation. Current users of Omniverse Cloud APIs range from Ansys, Cadence, Dassault Systèmes, Hexagon, Microsoft, Rockwell Automation, to Siemens.</p>
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NVIDIA expands Omniverse Cloud with new APIs for industrial digital twins

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 <p>Earth-2, a digital twin cloud platform for visualizing and simulating weather and climate, has been launched by NVIDIA, a digital twin solutions developer. This platform relies on AI-based projections to illustrate weather conditions using simulations.</p>
 <p>The technology incorporates APIs, AI models, GenAI models, and CorrDiff which utilize advanced diffusion modeling to generate images with 12.5 times more precision than the current numerical models. NVIDIA states that this platform will improve disaster informatics by delivering real-time alerts, quick updates, and highly detailed forecasts.</p>
 
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NVIDIA launches Earth climate digital twin for weather simulations

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 <p>Tomorrow Things, a German digital twin startup, has raised EUR 1.5 million (USD 1.6 million) in a funding round. The round was co-led by High-Tech Gründerfonds and neoteq ventures, with Notion Capital, solo GP Robin Capital, and other investors also participating.</p>
 <p>This funding will be used to further develop the company's AI-powered operating system and to expand its digital twin product. The digital twin product is a virtual replica of technical assets. This helps manufacturers to optimize their production lines, predict potential issues, and make decisions based on data without affecting their real-world operations.</p>
 
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All Updates

ScaleOut Software releases new version of digital twins platform

Hexxcell and Tranter partner to digitize heat exchanger maintenance

Dassault Systèmes extends strategic partnership with JLR to implement 3DEXPERIENCE software

inHEART raises USD 11 million for commercial expansion

Siemens and Mercedes Benz partner to optimize energy usage with Digital Energy Twin

CoStar Group to acquire Matterport in a cash and stock transaction

inHEART receives FDA approval for AI-driven digital twin of the heart

NVIDIA expands Omniverse Cloud with new APIs for industrial digital twins

NVIDIA launches Earth climate digital twin for weather simulations

Tomorrow Things secures EUR 1.5 million in seed funding for product development

Digital Twin

ScaleOut Software releases new version of digital twins platform

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