innogy Ventures has invested in Akselos, a digital tech company that specializes in creating ‘digital twins’ to improve the sustainability of large mechanical assets. The $10 million financing round was led by innogy Ventures, with Shell Ventures as Co-Investor.
Headquartered in Switzerland with operations in Europe, US and SE Asia, Akselos developed its technology over 15 years at MIT, with further refinement at the Swiss Federal Institute of Technology. Its solution for modelling large-scale assets is 1,000 times faster and more accurate than the industry standard. As well as providing operators with real time access to the condition of an asset - anywhere, any time - it also provides analytics to enable predictive maintenance.
The new finance will be used to further invest in structural analysis software, big data analytics and machine learning.