EDGE
Book a demo

Digital Twin

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

Overview

A digital twin (DT) is a virtual representation of a physical object. The physical object being studied is fitted with sensors to collect data related to its performance, which is processed and applied to its digital copy. The DT can be used to run simulations to gain insights into the performance and efficiency of the physical object. DTs differ from standard simulations because they use real-time data from the physical object to make changes on the fly. In addition, they can run simulations on multiple processes, whereas standard simulations rely on static data to study one particular process.

This technology is used in an array of sectors including manufacturing, construction, healthcare, and power and energy to optimize processes to cut costs and improve productivity. The DT landscape includes companies that offer solutions for maintenance and monitoring of assets (e.g., commercial and industrial buildings, infrastructure assets), planning and management, data capture and analytics services, predictive assessments, and building and design.

Note: Currently, we do not actively cover this industry, but we have identified it as a potential industry to add to our coverage. Further, we have published a detailed report on this industry as an EDGE Insight (Digital Twin: Birth of the universal virtual replica) in August 2022.

More details

Market Mapping


Incumbents
Growth
Early
Seed
Pre-Seed
Maintenance and monitoring
?
Digital twin modeling
?
Predictive assessment
?
Planning and management
?
Building and design
?
Technologies
Technologies
Technologies
Technologies
Technologies
Siemens
IBM
Microsoft
General Electric
Dassault Systemes
Oracle Corporation
Nvidia
Bosch
Autodesk
Ansys
Density
Altair
Bentley Systems
NavVis
PassiveLogic
Akselos
ThoughWire
Invicara
Cognition Factory
Twaice
vHive
Reconstruct
SiteAware
Cohesion
Sharper Shape Group, Inc.,
Neara
Veerum
Tignis
SenSat
BeamUP
Elmodis
CONXAI
Infinite Foundry
Converge
Digital Construction Works
Cisco
Qualcomm
SAP
Bosch
Esri
Cognite
Nexar
Seeq
IOTICS
Locus View
Replica
Element Analytics
Pupil
Blackshark
Mapped
Geopipe
AllVision
PreVu3D
Basetwo
Slingshot Simulations
Preimage
EyeVi Technologies
Datavillage
General Electric
Oracle Corporation
LG
Q Bio
Unlearn
Slingshot Aerospace
Predictiv
Virtonomy
Coupa Software
ParkourSC
Decisyon
Logivations
Cosmo Tech
Aforza
Dassault Systemes
Esri
Bentley Systems
Hayden AI
CityZenith
Lacuna

The Disruptors


Maintenance and monitoring

?

Disruptors

?
Funding in USD Millions
NavVis
96
PassiveLogic
83
Twaice
72
vHive
37
Akselos
29
Reconstruct
28
SiteAware
27
ThoughWire
24
Cohesion
24
Sharper Shape Group, Inc.,
23
Neara
20
Veerum
16
Tignis
16
SenSat
15
BeamUP
15
Invicara
10
Elmodis
5
Digital Construction Works
Unknown
Cognition Factory
Unknown
Watchlist
?
CONXAI
Infinite Foundry
Converge

Digital twin modeling

?

Disruptors

?
Funding in USD Millions
Cognite
338
Nexar
150
Seeq
115
Locus View
77
Replica
52
Element Analytics
40
Pupil
34
Blackshark
20
Mapped
9
IOTICS
8
Geopipe
5
AllVision
3
PreVu3D
2
Watchlist
?
Basetwo
Slingshot Simulations
Preimage
EyeVi Technologies
Datavillage

Predictive assessment

?

Disruptors

?
Funding in USD Millions
Q Bio
84
Unlearn
70
Slingshot Aerospace
70
Watchlist
?
Predictiv
Virtonomy

Planning and management

?

Disruptors

?
Funding in USD Millions
ParkourSC
75
Decisyon
45
Cosmo Tech
33
Aforza
22
Logivations
Unknown

Building and design

?

Disruptors

?
Funding in USD Millions
Hayden AI
30
CityZenith
19
Lacuna
16

NavVis

NavVis is the leading global provider of indoor spatial intelligence solutions for enterprises, trusted by top companies including Daimler, Allianz, Huawei, Lenovo and Deutsche Telekom. NavVis helps enterprises drive efficiencies and optimize business performance through its open digital twin platform that enables accurate mapping at unprecedented speed and scale, immersive 3D visualization designed for collaboration and location-based apps that pioneer AI-powered positioning technology. Founded in 2013, NavVis is headquartered in Munich and has offices in New York and Shanghai.

Segment:
Maintenance and monitoring
Total funding:
USD 96.4 million
Disruptor Funding History

Maintenance and monitoring:

NavVis
PassiveLogic
Twaice
vHive
Akselos
Reconstruct
SiteAware
ThoughWire
Cohesion
Sharper Shape Group, Inc.,
Neara
Veerum
Tignis
SenSat
BeamUP
Invicara
Elmodis
CONXAI
Infinite Foundry
Converge

Digital twin modeling:

Cognite
Nexar
Seeq
Locus View
Replica
Element Analytics
Pupil
Blackshark
Mapped
IOTICS
Geopipe
AllVision
PreVu3D
Basetwo
Slingshot Simulations
Preimage
EyeVi Technologies
Datavillage

Predictive assessment:

Q Bio
Unlearn
Slingshot Aerospace
Predictiv

Notable Investors


No investor data is available

Funding data are powered by Crunchbase
arrow
menuarrow
Click here to learn more
Book a demo

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.