Basetwo

Overview
News
Digital Twin?
Product stageSegments
Early
?
Digital twin modeling
?

Basetwo has developed a no-code digital twin platform for process industries like pharmaceutical, chemical, and healthcare. It launched the AI platform in May 2022 to enable engineers to build digital twins to design, test, and deploy processes, simulate scenarios, validate equipment performance, and scale its data competency. The platform will initially be available to the pharmaceutical industry, which the company claims to reduce operation cost by 20%–30% and improve efficiency by 5%–15%. 

Key customers and partnerships

The company operates a B2B business model, targeting manufacturers in the biopharmaceutical, chemical, bioprocessing, and food and beverage industries. 

The company had partnered with PlugandPlay to have PlugandPlay as a tech center manufacturer and supply chain cohort. 

Funding and financials

The company raised USD 3.8 million in May 2022 in a seed funding round led by Glasswing Ventures and Argon Ventures. The funds were allocated toward the launch of the platform.

HQ location:
661 University Avenue Suite 1300 Toronto ON CAN
Founded year:
2022
Employees:
11-50
IPO status:
Private
Total funding:
USD 6.0 mn
Last Funding:
USD 2.2 mn (Seed; May 2023)
Last valuation:
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Key competitors
 
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Company profile
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