Virtonomy

Overview
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Digital Twin?
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Virtonomy is a developer of digital twin solutions, v-Patients, for medical device manufacturers. The solution enables development and testing in a virtual environment for faster and cheaper clinical trials . The company claims it reduces costs and saves time by 50% for trials and reduces animal trials by 60%. 

The platform studies human and animal bodies for various pathological conditions using clinical data to test devices for its full product life cycle to enable automatic statistical population analysis, simulations, and regulatory reporting. v-Patients was launched at the end of 2021 and targets users in the medical device industry. 

Key customers and partnerships

The company’s notable partners include PlugandPlay, Accenture, and Microsoft for Startups.

Funding and financials

The company raised an undisclosed amount in April 2021 in a seed funding round led by Dieter von Holtzbrink Ventures with participation from Bayern Kapital. The funds were allocated towards technological development of the solution, increasing its staff, and expanding its database. 

HQ location:
Paul-Heyse-Str. 6 Munich DEU
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 3.8 mn
Last Funding:
USD 3.8 mn (Series Unknown; Apr 2023)
Last valuation:
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Company profile
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