Which digital twin companies raised money?

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Digital twin startups raised over $157 million in equity funding between January 2024 and July 2025, with European companies leading the charge in energy and industrial automation applications.

The funding landscape shows a clear concentration in practical, revenue-generating use cases rather than theoretical applications. Energy optimization, network infrastructure, and manufacturing process twins attracted the largest rounds, while AI integration became the dominant technological trend driving investor interest.

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Which digital twin companies raised the largest funding rounds in 2024-2025?

OroraTech secured the largest round with €37 million ($40.7 million) in Series B funding led by BNP Paribas Solar Impulse Venture Fund and Rabo Ventures for their satellite-based wildfire monitoring platform.

Selector AI followed closely with $33 million in Series B funding from Ansa Capital, AT&T Ventures, Bell Ventures, and Singtel Innov8 to expand their AIOps platform that combines large language models with digital twins for network infrastructure management. Their technology provides end-to-end visibility for mission-critical networks, addressing the growing complexity of modern telecommunications infrastructure.

Gradyent raised €28 million ($30.8 million) in Series B funding led by Blue Earth Capital and SEB Greentech VC to scale their real-time digital twin platform for heating and cooling grids. The company works with major energy partners including Veolia, Shell, and Helen to optimize district energy systems using physics-based modeling and AI integration.

Neara secured $15.25 million in a Series B extension for their offshore energy infrastructure digital twins, though they kept their lead investors undisclosed. The Australian-based company specializes in creating detailed 3D models of power lines, substations, and renewable energy installations to improve grid reliability and maintenance planning.

What industries and use cases are attracting the most digital twin investment?

Energy and utilities dominate the funding landscape, accounting for approximately 40% of total investment with companies like OroraTech, Gradyent, and Neara leading the charge.

Industrial automation and manufacturing represents the second-largest category, with RIIICO raising $5 million for factory brownfield retrofits using LiDAR-generated twins, and MetAI securing $4 million from NVIDIA for AI-powered semiconductor fabrication twins. These applications focus on reducing downtime, optimizing production processes, and enabling predictive maintenance across complex manufacturing environments.

Network infrastructure and telecommunications emerged as a high-value niche, with Selector AI's $33 million round demonstrating investor confidence in AIOps applications. Their platform addresses the critical need for real-time visibility and automated incident response in increasingly complex network architectures used by telecommunications giants like AT&T and Singtel.

Property technology and building management gained traction with EKORE raising €1.3 million for energy management twins in buildings, integrating 3D BIM models with IoT sensors to optimize HVAC systems and reduce carbon emissions. The proptech sector shows particular promise in European markets where energy efficiency regulations drive adoption.

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Which investors and venture capital firms are most active in digital twin funding?

Corporate venture capital arms and strategic investors dominate the largest rounds, bringing both capital and industry expertise to portfolio companies.

BNP Paribas Solar Impulse Venture Fund led OroraTech's €37 million Series B, focusing on clean technology and climate solutions. AT&T Ventures and Singtel Innov8 co-invested in Selector AI's $33 million round, providing direct access to major telecommunications networks for pilot deployments and customer validation.

Blue Earth Capital championed Gradyent's €28 million Series B, specializing in decarbonization technologies across energy systems. SEB Greentech VC, Capricorn Partners, and energy companies Eneco Ventures and Helen Ventures also participated, creating a consortium of energy sector expertise around the startup.

Technology giants participate both as investors and strategic partners. NVIDIA led MetAI's $4 million seed round alongside traditional VCs, providing access to their Omniverse platform and GPU computing resources. Volvo Cars Tech Fund invested in RIIICO's $5 million seed round, offering automotive manufacturing expertise for their factory digitization platform.

European seed funds show strong activity in early-stage rounds. High-Tech Gründerfonds, Earlybird VC, and Capnamic Ventures participate across multiple German startups, while specialized funds like Pi Labs focus specifically on real estate and spatial computing applications.

What geographic regions lead digital twin startup funding?

Europe leads both in deal count and total funding value, with Germany emerging as the dominant hub for digital twin innovation and investment.

German startups secured approximately $52 million across four companies: OroraTech (€37 million), RIIICO ($5 million), experial (€2 million), and Tomorrow Things (€1.5 million). The country's strong industrial automation heritage, combined with government support for Industry 4.0 initiatives, creates favorable conditions for manufacturing-focused digital twin applications.

The Netherlands follows with Gradyent's €28 million Series B, representing the largest single round for energy grid optimization. Dutch government policies promoting renewable energy integration and district heating systems drive demand for thermal network digital twins.

North America accounts for the largest individual rounds by dollar amount, with US companies Selector AI ($33 million) and Neara ($15.25 million) demonstrating strong investor appetite for infrastructure and telecommunications applications. The region's mature venture capital ecosystem and large enterprise customers support higher valuations for B2B software platforms.

Asia-Pacific shows emerging activity with MetAI raising $4 million in Taiwan and Terria securing $3 million in Australia. Both companies leverage government research institutions (NVIDIA partnerships and CSIRO spin-out respectively) to access cutting-edge technology and talent pools.

How are tech giants like NVIDIA, Microsoft, and Siemens participating in digital twin investments?

NVIDIA takes the most direct approach, leading MetAI's $4 million seed round and providing technical integration with their Omniverse platform for robotics and semiconductor manufacturing applications.

Corporate venture arms from telecommunications and automotive giants actively invest in strategic areas. AT&T Ventures and Singtel Innov8 co-led Selector AI's $33 million Series B to access network infrastructure digital twin technology for their own operations. Volvo Cars Tech Fund invested in RIIICO's factory digitization platform, seeking manufacturing efficiency improvements across their production facilities.

Energy sector incumbents participate through specialized VC arms and direct partnerships. Eneco Ventures and Helen Ventures invested in Gradyent's heating grid optimization platform, while the startup maintains strategic partnerships with Shell and Veolia for pilot deployments and customer validation.

Major technology platforms provide indirect support through partnership programs and development platforms. NVIDIA offers Omniverse access to multiple portfolio companies, while Microsoft Azure and AWS provide cloud infrastructure credits and technical support to early-stage startups, though neither company disclosed direct equity investments in the tracked funding rounds.

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What technology trends and breakthrough innovations are driving funding decisions?

Artificial intelligence integration dominates funding decisions, with 8 out of 12 funded companies explicitly featuring AI-powered digital twin platforms in their core technology stack.

Generative AI and large language model integration represents the newest funding trend. Selector AI combines LLMs with traditional digital twin models to provide natural language interfaces for network operations, while experial uses AI to generate consumer behavior simulations for market research applications. MetAI leverages generative AI to create "SimReady" training environments for robotics applications.

Real-time simulation capabilities attract the largest investment rounds. Gradyent's €28 million Series B focuses on physics-based models that can optimize energy systems in real-time, while OroraTech's €37 million round supports satellite-based thermal monitoring with near real-time wildfire detection and prediction capabilities.

IoT sensor integration and edge computing drive industrial applications. RIIICO's factory twins combine LiDAR scanning with IoT sensor data to create comprehensive facility models, while EKORE integrates building management systems with 3D BIM models for energy optimization in commercial real estate.

Sustainability and decarbonization technology receive preferential investor treatment. Blue Earth Capital specifically targets climate tech investments, while BNP Paribas Solar Impulse focuses on environmental impact applications. This trend reflects both regulatory pressures and genuine market demand for carbon reduction solutions.

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How much total capital flowed into digital twin startups in 2024-2025?

At least $157 million in equity funding flowed to digital twin startups between January 2024 and July 2025, representing disclosed rounds from 12 companies across multiple stages.

Series B rounds dominated the funding landscape by total value, accounting for approximately $107 million across four companies (OroraTech, Selector AI, Gradyent, and Neara). This concentration in growth-stage funding indicates investor confidence in proven business models and established customer traction rather than speculative early-stage bets.

Government and public funding significantly exceeds private investment when including research grants and consortium awards. The US CHIPS Program allocated $285 million specifically for semiconductor-focused digital twin research, while the EU Digital Twin Centre received £37.6 million in public-private funding with participation from Thales, Spirit AeroSystems, and Artemis Technologies.

Undisclosed funding rounds and corporate partnerships likely add substantial additional capital. Many strategic investments from telecommunications companies, energy utilities, and industrial automation firms remain private, suggesting the actual funding total significantly exceeds publicly reported figures.

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Which startups received funding through special arrangements like strategic partnerships or government programs?

Strategic corporate partnerships accompany many funding rounds, providing market access and technical validation beyond pure capital investment.

Gradyent maintains active partnerships with Veolia, Shell, and Helen while raising their €28 million Series B, providing direct access to district heating networks for pilot deployments and revenue generation. Selector AI leverages strategic investments from AT&T Ventures and Singtel Innov8 to deploy their network infrastructure twins across live telecommunications environments.

Government grant programs supplement private funding for technology development. The US CHIPS Program designated $285 million for semiconductor manufacturing digital twins, while European Union Horizon Europe funding supports cross-border research initiatives across multiple member states.

Public-private partnerships create unique funding structures. The UK Digital Twin Centre received £37.6 million through the Belfast Region City Deal, combining government funding with strategic investments from aerospace companies Thales, Spirit AeroSystems, and Artemis Technologies for cross-industry applications.

Corporate accelerator programs provide alternative funding paths. EKORE participated in CDP VC Accelerator through Habismart, accessing both capital and mentorship from Italian sustainable development institutions alongside traditional venture capital from Nova Capital and COIMA.

What new digital twin companies emerged as potential market disruptors in 2024-2025?

Terria stands out as a significant disruptor, spinning out from Australia's CSIRO research organization with $3 million in seed funding from Main Sequence to commercialize geospatial digital twin technology for environmental monitoring and climate adaptation.

experial represents a unique market approach, raising €2 million to apply digital twin methodology to consumer behavior simulation and market research rather than traditional industrial applications. Their AI-powered platform creates virtual consumer populations for testing marketing strategies and product launches without requiring real-world focus groups.

MetAI gained attention for their NVIDIA-backed approach to "SimReady" digital twins, creating AI-generated training environments for robotics and semiconductor manufacturing. Their $4 million seed round positions them at the intersection of synthetic data generation and physical AI training applications.

RIIICO addresses the brownfield factory retrofit market with LiDAR-based 3D scanning and AI-powered space optimization. Their $5 million seed round from Pi Labs and Earlybird VC targets the massive installed base of aging manufacturing facilities that need digitization without complete reconstruction.

Tomorrow Things develops an AI-driven operating system specifically for industrial asset digital twins, raising €1.5 million to create standardized interfaces across different manufacturing equipment and sensor types. Their platform approach could democratize digital twin deployment for mid-market manufacturers.

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What do investors and analysts predict for digital twin market growth and funding in 2026?

McKinsey projects the digital twin market will exceed $79 billion by end-2024 in AI-led sectors, while Fortune Business Insights forecasts overall market growth from $17.7 billion in 2024 to approximately $40 billion by 2032 at a 40% compound annual growth rate.

Venture capital investors expect larger funding rounds (≥$50 million) for companies demonstrating proven real-world deployments and established partnerships with technology giants. The maturation from proof-of-concept to mission-critical infrastructure applications will drive institutional investor participation and higher valuations.

Energy transition and autonomous systems represent the highest-growth funding categories for 2026. Climate regulations across Europe and North America will drive demand for energy optimization digital twins, while autonomous vehicle and robotics applications require sophisticated simulation environments for safety validation and training.

Smart city applications emerge as a new high-value funding category. Urban planning, traffic optimization, and infrastructure management digital twins will attract both private investment and public sector funding as cities seek data-driven approaches to sustainability and efficiency challenges.

Corporate venture capital participation will increase as incumbent companies recognize digital twin technology's strategic importance. Manufacturing, energy, and telecommunications firms will establish dedicated venture arms or expand existing programs to secure access to breakthrough digital twin innovations.

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Which funding rounds included significant international or cross-border investment activity?

Selector AI's $33 million Series B exemplifies international strategic investment, combining US venture capital (Ansa Capital) with Asian telecommunications corporate venture arms (Singtel Innov8) and North American telecom investors (AT&T Ventures, Bell Ventures).

Gradyent's €28 million Series B brought together investors from multiple European countries: Blue Earth Capital (UK), SEB Greentech VC (Sweden), Capricorn Partners (Belgium), plus energy company investors Eneco Ventures (Netherlands) and Helen Ventures (Finland). This pan-European consortium reflects the cross-border nature of energy infrastructure and regulatory alignment across EU markets.

OroraTech's €37 million Series B combined French banking venture capital (BNP Paribas Solar Impulse) with Dutch agricultural finance expertise (Rabo Ventures) and German climate technology investment (ECBF), creating a multinational consortium focused on environmental applications.

MetAI represents significant trans-Pacific investment with NVIDIA's US corporate venture arm leading alongside Taiwan-based VCs (Addin Ventures, SparkLabs Taiwan) and regional strategic investors (Kenmec Mechanical, Upstream Ventures). This structure provides access to both silicon valley technology partnerships and Asian manufacturing expertise.

Conclusion

Sources

1. EU-Startups - OroraTech raises €37 million
2. Selector AI - $33M Series B announcement
3. Tech.eu - Gradyent secures €28M
4. Gradyent - Official funding announcement
5. StartupDaily - Neara $15.25M Series B extension
6. EU-Startups - Samp raises €6 million
7. RIIICO - $5M seed funding announcement
8. TechNode Global - MetAI $4M seed funding
9. TechCrunch - NVIDIA backs MetAI
10. StartupDaily - Terria $3M seed round
11. EU-Startups - experial secures €2 million
12. Wolves Summit - Tomorrow Things raises €1.5M
13. Tech.eu - EKORE secures €1.3M seed
14. EIT Digital - Indeex €1M seed round
15. NIST - CHIPS America $285M funding opportunity
16. Belfast Region City Deal - £37.6M Digital Twin Centre