IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds, pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries. IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

IDG Capital

Lenovo Capital and Incubator Group is an accelerator and venture capital firm.

Lenovo Capital and Incubator Group (LCIG)

Beijing Infrastructure Investment specialises in the field of urban rail transit, integrating investment and financing.

Beijing Infrastructure Investment

SIG's China venture capital and private equity activities are operated through SIG Asia Investments, LLLP (SAI) and its wholly foreign owned enterprise (WFOE) based in Shanghai with a branch office in Beijing. The SIG China team seeks to commit the firm’s capital to venture capital and private equity investments in China. SAI is a member of the Susquehanna International Group of companies (SIG), which has evolved over the past 20+years into a leading financial institution focusing on trading and market making, institutional sales and research, private equity, and venture capital. With more than 1,400 employees across offices worldwide, SIG’s professionals develop ideas in an entrepreneurial environment, taking full advantage of SIG’s cutting edge technology and quantitative research. SIG is committed to expanding its global businesses in China. As part of that effort SAI has been mandated to commit SIG's proprietary capital in VC and PE investments in companies operating in the PRC.

SIG China (SIG Asia Investments)

Singtel Innov8, the venture capital arm of the Singtel Group, invests in and partners with innovative tech start-ups worldwide. It has a fund size of US$250 million and its own set of decision making, approval and funding processes. Beyond funding, Singtel Innov8 is a gateway for start-ups to tap on the resources and expertise of the Singtel Group, while enabling the Group to gain access to emerging technologies. Singtel Innov8 focuses its investments on technologies and solutions that can lead to quantum changes in network capabilities, next generation devices, digital services and enablers to enhance customer experience. Headquartered in Singapore, Singtel Innov8 also has offices in San Francisco and Tel Aviv.

Singtel Innov8

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups.  Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain has managed a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

Global Brain Corporation

KDDI Open Innovation Fund is a corporate venture capital fund that will support promising startup companies. Total size of the fund is JPY10 billion. This is the first corporate venture capital fund established by KDDI.   The fund will be managed by Global Brain Corporation (Head office: Minato-ku, Tokyo; President and CEO, Yasuhiko Yurimoto), which has a strong track record in the venture capital business.   By combining KDDI’s know-how and assets with Global Brain’s investment and management support capabilities, we will work together to accelerate cooperative activities with promising startup companies. Through this fund, as well as ''KDDI ∞ Labo,'' a startup incubation program currently inviting a second round of applications, we will continue to support the growth of the next startup companies.

KDDI Open Innovation Fund

DataMesh

DataMesh is a pioneering company specializing in advanced digital twin and mixed reality (MR) solutions, transforming the way industries approach operations, training, and maintenance. With its flagship industrial metaverse platform, FactVerse, DataMesh integrates real-time data with immersive 3D environments, enabling precise simulations, effective training, and efficient maintenance workflows. By leveraging cutting-edge technologies like AI, AR, and IoT, DataMesh empowers businesses across manufacturing, construction, and facility management sectors to enhance productivity, optimize processes, and drive innovation. Their comprehensive suite of tools, including DataMesh Director, Checklist, Inspector, and Simulator, ensures seamless implementation and robust performance, making DataMesh a leader in the digital transformation landscape.

DataMesh is the Chinese creator of an AR platform for 3D content editing and courseware with no coding required. The platform helps reduce total cost of ownership (TCO) and functions as a digital twin platform for pre-job training, meeting the needs of 3D training courseware scalability. The company’s “Heavy Machine Operation Training” solution is constructed on a 6-DOF motion platform with complete physics, audio, and vibration simulation.&nbsp;

Technologies bringing about a new reality

Extended Reality

DataMesh is a company that specializes in digital twin technology, augmented reality (AR), and AI to enable frontline workers to improve efficiency and reduce operational errors. Its offerings primarily consist of two products: DataMesh Director and DataMesh Checklist.

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

DataMesh Concludes New Funding Round

DataMesh is the Chinese creator of an AR platform for 3D content editing and courseware with no coding required. The platform helps reduce total cost of ownership (TCO) and functions as a digital twin platform for pre-job training, meeting the needs of 3D training courseware scalability. The company’s “Heavy Machine Operation Training” solution is constructed on a 6-DOF motion platform with complete physics, audio, and vibration simulation.&nbsp;The DataMesh Director, an enterprise-grade MR design and collaboration platform, offers capabilities such as computer aided design (CAD) importation, storyboard creation, layout design, and multi-user collaboration. Additionally, it can be amalgamated with the DataMesh DataMix knowledge graph for real-time MR training and guidance. The company offers the DataMesh Checklist, a process visualization system for operation process standardization. The DataMesh Digital Assistant, a part of the company’s remote collaboration suite, integrates business data and knowledge, employing machine learning and natural language processing to create a knowledge graph that aids first-line workers in solving tasks.In August 2023, the company launched DataMesh Learn, which offers training resource development, learner performance assessment, and performance tracking and analysis. The company stated that in the future, the solution would also incorporate GenAI features to simplify the 3D content creation process. Previously, in May 2023, the company expanded platform accessibility by leveraging Qualcomm’s Snapdragon Spaces XR Developer Platform, allowing for compatibility with a range of AR glasses, such as the Lenovo ThinkReality A3.DataMesh claims that its solutions boost communication efficiency in precision electronic/consumer product design by 14% and curtails the product design cycle by 13 days.&nbsp;Key customers and partnershipsAs of January 2024, the company had over 400 enterprise clients. Key customers included construction company Obayashi Corporation, BELLSYSTEM24, and healthcare company HealthEngine.DataMesh has strategic partnerships with Microsoft, XReal, Fujitsu, Singtel, and Casi Cloud, among others.

Interplay Learning (Interplay) provides on-demand, interactive, and hands-on simulation learning courses for skilled trades, including HVAC, plumbing, electrical, solar, and facilities maintenance, through VR, mobile, and desktop applications. The learning courses also include simulated walkthrough videos where experts lead users through procedure guides methodically, with knowledge testing features and additional learning material such as wiring diagrams, equations, sample system configs, and charts at the end of each lesson. The platform also enables managers to track user progress.The company operates a subscription-based model with monthly packages for individuals (USD 54) and teams (USD 229), alongside a custom plan for larger organizations.Key customers and partnershipsNotable customers include Tesla and Rheem Manufacturing. Interplay’s customer usage rose by 445% YoY in 2020. As of February 2021, the platform had over 2,000 customers and 110,000 users across the US.Funding and financialsIn its last funding round (February 2021), Interplay raised USD 18 million in Series B funding co-led by S3 Ventures and Owl Ventures, the world’s largest venture capital firm focused on education technology. As part of the deal, Managing Director of Owl Ventures, Ian Chiu, joined Interplay’s board. The funds were raised to expand its offering to new markets and to accelerate its vision to combine immersive learning experiences with a human connection.

Interplay Learning

Switzerland-based WayRay develops holographic AR technology and hardware for the automobile sector. Its technology is used in head-up displays (HUDs) that project images into a driver’s field of vision to assist with navigation. Although its initial focus was on developing HUDs that can be purchased and installed in any vehicle, it has since pivoted to producing embedded HUD systems (i.e., hardware built into vehicles). WayRay’s HUDs are considered to provide a wider field of vision and combine data (location and mapping information) with vision data to generate images by projecting a laser beam through a Picture Generating Unit (PGU) onto a Holographic Optical Element (HOE).&nbsp;In <a href="https://sp-edge.com/updates/18537">May 2023</a>, WayRay announced integration of its AR displays into Tesla Model 3's in Switzerland, with plans to follow shortly afterwards in the US. Previously, in September 2021 the company launched its deep reality system that replaces the traditional car dashboard. In addition, WayRay launched “The Holograktor” dubbed the first “metaverse on wheels”, which can be driven conventionally or using a remote control via a 5G and satellite connection (November 2021).&nbsp;The company’s founder and CEO, Vitaly Ponomarev, identified that its systems are more advanced, backed by more patents, and potentially 20x smaller than comparable devices in the market. WayRay’s HQ in Switzerland also acts as a product design and development hub, while its R&amp;D center and prototyping factory are based in Russia.&nbsp;Key customers and partnershipsThe company is backed by strategic investors such as luxury automaker Porsche, which highlighted the management’s expertise in space engineering, hardware, and software development as key reasons for its investment, Hyundai Motor Co., and Alibaba. It is also notable that these investors, particularly Hyundai, are looking at ways to potentially use WayRay’s technology to offer more services in the future. For instance, Hyundai believed that the technology could be used for smart cities and smart buildings, which are its new areas of interest.WayRay partnered with Karma Automotive, a producer of luxury electric vehicles, in December 2021 to support the implementation of its HUDs into their test fleet. Moreover, it partnered with a leader in designing and manufacturing specialty glass, AGP eGlass, in September 2021 to further proliferate its technology.&nbsp; Funding and financialsIt was reported in April 2021 that the company is considering a public listing at a USD 2 billion valuation via a SPAC, although no further updates on this have been announced as at January 2024.&nbsp;

WayRay

AmazeVR initially focused on developing VR technologies but pivoted to VR concerts in late 2019. The concerts are backed by proprietary 9K cameras and software that automate complex VR concert visual effects that run on more than 100 headsets simultaneously. Users join and hang out with other users as avatars while experiencing VR concerts. It intends to bring VR concerts by major artists to theaters and eventually, homes.AmazeVR rolled out its first commercial VR concert, which will feature 3x Grammy winner Megan Thee Stallion, in 2022. The artist is expected to tour select AMC Theaters across the US. It is also in the final stages of closing deals with its second and third artists. AmazeVR also revealed plans to release weekly content by 2024 in theaters and for at-home viewers.In <a href="https://sp-edge.com/updates/20145">July 2023</a>, AmazeVR launched its official AmazeVR Concerts app, featuring an exclusive VR concert from Swedish pop star, Zara Larsson. The app is available on major VR app stores, and the exclusive Zara Larsson VR concert can be accessed for a year at a launch price of USD 6.99. AmazeVR also produces and monetizes VR content on a subscription basis.As of August 2023, the company was in the process of producing and releasing mixed reality concerts by overlaying virtual elements onto live, real-world video.Funding and financialsThe company’s most recent funding was in <a href="https://sp-edge.com/updates/13338">September 2022</a>, when it raised USD 17 million in a Series B funding round led by Mirae Asset Capital. The fresh funds were allocated to expand partnerships with artists, artist management companies, labels, publishers, and agencies.

AmazeVR

Dispelix, based in Finland, designs and manufactures single-layer, full-color waveguide displays, a thin (about 1mm) transparent element that takes in a projected image and relays it to the eye, using a nanophotonics-based approach catering to AR applications (e.g., smart glasses). It uses laser beam scanning technology to render laser-sharp images with a gamut of color palettes, which are displayed using beam-combiner technology. Its patented and proprietary approach includes diffractive surface relief gratings, which are elements used for high-power laser applications, fabricated on high refractive index glass wafers that enhance field-of-view and image quality.The company had a total of more than 40 granted or pending patent families as of November 2021. Its product line, Dispelix DPX, includes Dispelix DPX - Ohut, Dispelix DPX - Selva, and Dispelix DPX - Sade with a varying degree of field of view, form factor, and weight. According to Co-Founder and CTO Juuso Olkkonen, its displays are the lightest and thinnest in the market.Key customers and partnerships1) Foxconn and Pegatron: to create reference designs for AR glasses based on its Selvä waveguide display (October 2023)&nbsp;2) VividQ: created a “waveguide combiner” which accurately displays variable-depth 3D content in a user’s environment (January 2023)3) ColorChip and Maradin: To further Light Beam Scanning (LBS) solutions for AR glasses (October 2022)4) Jade Bird Displays: To develop multiple reference designs for AR devices (June 2022)5) AAC Technologies: To improve waveguide displays for the AR and MR industry (March 2022)6) OQmented: for the development and commercialization of MEMS-based LBS technology (November 2021)7) Coretronic: To develop a range of AR optical module solutions (December 2020)8) Hoya Corporation: To improve quality of waveguide displays (November 2020)Funding and financialsIn its most recent funding round (November 2021), Dispelix raised USD 33 million in a Series B funding round co-led by Atlantic Bridge, CCB Trust, and Flashpoint with participation from Lifeline Ventures, VTT Ventures, and 3M Ventures. The funds were allocated to product development. It revealed that several OEM customers were slated to integrate its technology into their consumer offerings by 2023.

Dispelix

DigiLens is a developer of holographic waveguides, which is a clear, thin piece of glass or plastic, used for AR devices. In January 2023, the company launched ARGO, an XR smartglass designed for enterprise and industrial use, the first AR device to utilize Qualcomm’s SnapDragon XR2 platform. Other specifications included 6-degrees of freedom (6-DoF) tracking, a 30-degree field-of-view, spatial audio, a 48MP RGB camera, voice and gaze recognition, access to real-time data visualizations, and a 2,500-nits HD display.&nbsp;The company’s first product, the DigiLens Crystal was introduced in 2019, was a thin-film laser-etched photopolymer embedded with microscopic holograms of mirror-like optics. By projecting a micro display to one end of the lens and another set of optics working to guide the light wave toward the eye, this proved to be an ideal piece of hardware for AR devices, which are preferred with as little hardware as possible.&nbsp;It claims that its patented optical platform and photopolymer technology coupled with a holographic copy manufacturing process enable it to produce cheaper and more scalable solutions. In <a href="https://sp-edge.com/updates/17598">April 2023</a>, the company announced the launch of SRG+, a surface relief gratings product that improves upon its waveguide technology.The company generates revenue by licensing its technology across a range of industries including the automobile, enterprise, consumer, avionics, and military sectors. DigiLens also offers a white-label solution for automotive companies whereby it creates holographic waveguides for windshields that could offer in-cabin experiences for drivers.&nbsp;&nbsp; Key customers and partnershipsKey partnerships include that with1) Phantom Technologies: - Phantom Technology: To integrate Phantom's CASSI Spatial AI assistant into the DigiLens ARGO glasses, providing features such as spatial search, a contextual assistant, and task management using voice commands (October 2023)2) Wisear: To integrate its neural interface-powered earphones with the ARGO smart glasses (May 2023)3) Mojo Vision: To utilize Mojo Vision's micro-LED technology to build improved AR glasses (May 2023)4) Taqtile: To integrate the company's ARGO smart glasses with Taqtile's AR work platform, Manifest (May 2023)5) OMNIVISION: To develop new XR product offerings (January 2023)Other partnerships include that with OMNIVISION (January 2023), a leading global developer of semiconductor solutions to develop new XR product offerings. OMNIVISION’s liquid crystal on silicon (LCOS) panels allowed DigiLens to build LCOS/LED projectors optimized for its holographic waveguides. OMNIVISION's core camera technology provides DigiLens' devices with features such as visual odometry and six degrees of freedom.&nbsp;DigiLens also works with Taiwanese licensed waveguide manufacturer Young Optics, Chinese original design manufacturer and electronics supplier Malata, Korean display manufacturer Sekonix, international technology company Continental, Chinese optical elements manufacturer Crystal Optech, and Mitsubishi Chemical.&nbsp;Funding and financialsIn April 2022, DigiLens announced the second close of its Series D funding round (intiial close in November 2021) in which it raised USD 50 million at a valuation of USD 530 million. The funds were allocated for the development of DesignV1, its second-generation product.

DigiLens

Companies developing XR headsets and relevant sub-components (displays, sensors, and processors). Also includes complementary XR hardware (tracking devices, haptic vests, and gloves)

Companies offering engines that enable the development of AR/VR content, also includes companies offering capabilities to capture and create 3D images for immersive environments

Companies offering AR/VR solutions or toolkits for specific industry applications, including VR game developers

Companies offering location-based AR/VR experiences

AR/VR platforms offer remote assistance to field experts and headset manufacturers facilitate virtual work

Some solutions in the "content" segment are offered under a B2B SaaS model

Headsets and content segments provide the building blocks for the metaverse

AR, VR, and MR are the primary enabling technologies for the XR industry

DataMesh is a company that specializes in digital twin technology, augmented reality (AR), and AI to enable frontline workers to improve efficiency and reduce operational errors. Its offerings primarily consist of two products: DataMesh Director and DataMesh Checklist.DataMesh Director is a platform that allows users to create 3D digital twin content in an easy drag-and-drop interface. It leverages existing 3D assets like CAD/BIM files and supports IoT data binding, remote collaboration, and one-click, cross-platform content publishing. Additionally, DataMesh Checklist is a process visualization system for frontline personnel. It provides step-by-step AR guidance for operation processes, job training, and maintenance inspections.&nbsp;Key customers and partnershipsAs of May 2024, DataMesh has over 500 customers across Asia, Australia, and North America.The company’s integration partners include Microsoft, KDDI, Singtel, Fujitsu, AUO, and Qonoq, while authorized resellers for the company’s technology are Yokogawa, MX Mobiling, Otsuka Corporation, Ingram Micro, and Synnex.Funding and financialsIn <a href="https://datamesh.com/datamesh-concludes-new-funding-round/">June 2024</a>, the company secured an undisclosed amount from KDDI Open Innovation Fund 3, Singtel Innov8. The funds were allocated toward R&amp;D and market expansion efforts.

Norway-based Cognite is a provider of digital twin modeling software for an entire operation through complex industrial data. With machine learning and physics simulators, companies are able to use these for predictive maintenance, production optimization, and better decision-making.&nbsp;Its main solution Cognite Data Fusion offers an open industrial digital twin by integrating IT, operational, and engineering data from sources such as ERPs, MES, and IoT platforms. The data is cleaned and contextualized into a single location and turned into insights for actionable advice, which then is used to build and automate workflows. The company claimed to be the first company to <a href="https://sp-edge.com/updates/17445">achieve DNV-RP-A204 compliance </a>for its core product, Cognite Data Fusion.&nbsp;In <a href="https://sp-edge.com/updates/16217">February 2023</a>, the company advanced with new data-modeling capabilities to accelerate (up to 10–25x) deployments of industrial digital solutions and reduce cost and complexity for users. In <a href="https://sp-edge.com/updates/25399">January 2024</a>, the company launched the beta version of a GenAI remote operations control room at the Celanese facility to deliver real-time operational transparency.&nbsp;Key customers and partnershipsThe company provides its solution mainly to the oil and gas, power and utilities, and manufacturing sectors. Its key customers include Siemens and Rockwell Automation.&nbsp;The company had partnered with Microsoft in January 2024 to integrate Cognite Data Fusion with Microsoft Fabric and deliver an AI-powered industrial data operations solution. In June 2022, Cognite formed a joint venture, CNTXT, with Saudi Aramco to provide its digitization services in the Middle East region for the private and public sectors. Also, in October 2022, the company partnered with industrial automation company Rockwell Automation to develop an industrial data hub for the manufacturing sector by combining Rockwell’s software, FactoryTalk, and the Cognite Data Fusion.Furthermore, in September 2022, the company partnered with Schlumberger to integrate the Cognite Data Fusion to Schlumberger’s Enterprise Data Solution to contextualize data in an interoperable platform.&nbsp;Funding and financialsThe company raised USD 150 million in May 2021 in an equity funding round from TCV, which brought the valuation of the company to USD 1.6 billion. The funds were allocated toward expanding its platform to global industries.&nbsp;Furthermore, in January 2022, petroleum and gas company Saudi Aramco purchased 100% of Aker BP's shares in Cognite to own a majority stake of 7.4% at a value of USD 183 million.

Cognite

Nexar is a developer of smart dash cams that gathers real-time street footage to create a digital twin of the physical world and provide data to users for decision-making. As of June 2024, the company had covered over 1.5 billion miles of imagery and holds 4T images in a neural library.&nbsp;Using AI and computer vision, captured images and videos from cars are localized on a map to detect any changes in roads to provide actionable changed data across the platform CityStream and Nexar network. The platform provides features such as detecting changes on the road (such as road blockages, potholes, and construction), driver behavioral maps, autonomous vehicles systems, and compute and connectivity optimization.&nbsp;In August 2022, the company acquired Portugal-based Veniam to combine its data with Veniam’s communications technology and provide real-time mapping for mobility applications.&nbsp;Key customers and partnershipsThe company operates a B2B business model providing its services to enterprises and institutions in the logistics, road construction, and insurance industries. Its key customers include the Regional Transportation Commission of Southern Nevada, which partnered with Nexar in May 2021 to improve road management in Las Vegas. Also, in August 2021, the company partnered with Black Car Fund to provide cameras for Black car operators (rideshare drivers) in New York to protect Black Car Fund members in the case of accident or assault.&nbsp;It also partnered with AWS to deploy images, videos, and AI detections using AWS.&nbsp;Funding and financialsThe company raised USD 53 million in November 2021 in a Series D funding round led by Qumra Capital. The funds were used to scale its digital twin service using dash cam footage for automotive OEMs and cities.

Nexar

Seeq is a provider of data analytics enabling insights, predictions, and collaboration for better production and business outcomes.&nbsp;The company’s product portfolio includes softwares for data analytics including 1) Seeq Workbench for advanced analytics, 2) Seeq Organizer for publishing reports and dashboards, 3) Seeq Data Lab for accessing Python libraries, and 4) Seeq Cortex for IT governance, data connectivity, and calculation features. Furthermore, the company provides deployment via cloud, SaaS solutions, and on premise depending on the customer’s system.&nbsp;Key customers and partnershipsThe company provides its services in more than 40 countries focusing on process manufacturing industries, including oil and gas, pharmaceutical, chemical, energy, mining, and food and beverage. In June 2024, Seeq partnered with Equinor, an international energy company, to leverage Seeq's platform across Equinor's global assets.Seeq’s software is built on long-term vendor partnerships such as SIsoft, Honeywell (since 2017), and Siemens (since 2017). Seeq has also partnered with Amazon Web Services (AWS) and Microsoft Azure to develop features specific to their offerings, recognizing Seeq's expertise in providing cloud solutions for the manufacturing and industrial sector. Other partners include Schneider Electric and Inductive Automation.&nbsp;Funding and financialsThe company raised USD 50 million in April 2021 in a Series C round led by Insight Partners. The funds were used for market expansion, development, and sales and marketing.

Seeq

Q Bio provides a predictive assessment platform to analyse existential risk in an individual’s health. The company claims its platform, Gemini Digital Twin, is the fastest and safest scanner, which takes 15 minutes for the whole body to be scanned.&nbsp;The company provides the Q Exam, which gathers millions of data points from the individual’s body, such as blood, saliva, and vitals, and sends results via a web-based Q Dashboard to the individual’s physicians. Data is facilitated via the Gemini platform that captures whole body patient vitals in a non-invasive manner.&nbsp;&nbsp;The company operates a B2B2C business model offering services via employers and to individuals. It charges membership plans for one year at USD 3,495 for one exam and USD 6,495 for two exams.&nbsp;Q Bio's is developing the Mark I scanner which uses proprietary tensor field mapping technology to offer full-body scans with 3,000 anatomical measurements in just 10 minutes, creating digital twins and large biological models for health insights. In <a href="https://sp-edge.com/updates/31878">July 2024</a>, Q Bio secured USD 27 million in strategic funding to propel the Mark I scanner toward market launch.&nbsp;Key customers and partnershipsIn May 2021, the company partnered with Amazon Web Services to provide Q Bio’s services on its cloud platform.

Q Bio

Israel-based Locusview has developed a digital construction management platform to allow companies to manage projects from start to end. The platform is supported by technological capabilities in physical assets, such as plastic and steel pipes, to enable a digital thread (information of an asset such as model or size) and for supply chain and asset traceability.&nbsp;The platform provides features to manage construction projects in and off the field including GPS and sensor-based data collection, fieldwork validations, cloud-based deployment and scaling, real-time progress tracking, online approvals, and built-in reports. Furthermore, companies can lease the complete solution or get a consultation for a customized solution.The company operates a B2B business model, providing its services mainly to the energy, utilities, and telecom industries.&nbsp;Key customers and partnershipsThe company’s customer base includes more than 30 leading energy utilities and telecom companies. The company has a market presence in India, the US, Australia, Mexico, the UK, and Israel.&nbsp;The company had partnered with Esri to offer a complete end-to-end solution for Esri-based utilities. &nbsp;&nbsp;&nbsp;Funding and financialsThe company raised USD 64 million in April 2021 in a Series A funding round led by Israel Growth Partners. The funds were used to expand the platform capabilities and for market expansion.

Locusview

Companies that facilitate the creation of digital twins to monitor and maintain assets, including buildings and network infrastructure.

Platforms that facilitate digital twin modeling by either collectively or individually offering any combination of data capture and analytics solutions.

Companies offering digital twins to gain insights for use in commercial planning, logistics and distribution, and other supply chain processes.

Companies that offer digital twins to assess risks and recommend solutions in areas such as disaster management, DNA testing, clinical trials (to simulate effects of treatments), etc.

Used to design and build components contributing to smart cities, roads, airports, public transportation systems, etc.

Digital twins are the primary enabling technology for the digital twin industry

Startups can create digital twins of cities; enables modeling/simulation to improve efficiency/quality of life

Digital twins can be applied in the telecommunications industry for remote monitoring of communication towers

Startups can use digital twins to automate and proactively monitor industrial production lines and facilities

Uses edge computing for cost-effective and real-time data processing by reducing transmission costs

Uses AI/ML for the creation of digital twins and when running simulations

Digital twin startups use IoT for remote data collection from sensors to create digital twins

<div>
 DataMesh, a Mixed Reality (MR) design and collaboration platform, has secured an undisclosed amount of venture funding. The funding round saw participation from KDDI Open Innovation Fund 3, the venture fund of Japanese telecom giant KDDI, and Singtel Innov8, the venture fund of Singaporean telecom firm Singtel, among other investors. 
 This funding is intended to accelerate the Research &amp; Development (R&amp;D) activities of DataMesh, as well as expand the market presence of its Industrial Metaverse platform.
 
</div>

DataMesh

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