Slovenský digital twin startup Twinzo získal investíciu vo výške 2,3 milióna EUR


The platform allows companies and public administrations to view and instantly analyze accurate models of specific factories, facilities, buildings, offices or even entire cities. A symphony of virtual simulation, machine learning, Internet of Things and big data models in one application - this is possible by the 3D digital twin technology, which the Slovak startup Twinzo comes up with.

In order to expand to other European markets, Twinzo receive its first ever investment in the amount of 2.3 million euros. The investment round was led by Critical Ventures, a Portuguese fund from the Critical Group that specializes in investing in technology startups and helping them to expand. Twinzo was also supported by the Czech funds Soulmates Ventures and DEPO Ventures, which were joined by the Slovak Venture to Future Fund.

"Twinzo offers companies a tool with which they can make informed decisions based on data, optimize work processes or control dangerous work industries. They can make all these decisions from anywhere via their mobile phone. We are glad that more and more companies and investors are appreciating these advantages, thanks to which we can improve our product and expand it to new clients," says Michal Ukropec, founder and CEO of Twinzo.

3D visualization helps decision-making and contributes to sustainability

The Twinzo platform offers its users the ability to create and manage 3D digital copies of specific factories, buildings, houses, offices or even entire cities. It serves to control them remotely and provides access to information in real time via a smartphone or an intuitive 3D interface. It offers localization, indoor or outdoor tracking and deep data analysis. This allows clients to carefully plan and monitor the use of material and production assets.

"Speed in today's digital age is crucial for business. With our platform, the company gets a completely new view of its production plants, offices or logistics centers without having to physically visit them. Thanks to this, management can focus on the most important thing - strategy. Our application will make it possible to make key decisions 35% faster and better plan company processes," adds Michal Ukropec.

Currently, Twinzo operates 95 virtual twins on a total area of 270 million m², using more than twelve thousand locators and almost eleven thousand IoT sensors. Twinzo clients include companies such as Škoda Auto, Whirlpool, Benteler, Nemak, Mondelēz International and others. Digital twin technology helps to minimize risks, especially when working on complex projects, providing valuable data that allows companies to design, test and model their projects and thus bring new products to market even faster.

According to Accenture, this technology has been used in the development of 85% of all electric vehicles and more than 75% of the world's wind power. In addition, it has also found application in ground-breaking sustainability pilot projects such as electric ovens, the world's first solar-powered aircraft and new biomaterials. Accenture predicts that the potential of this technology will continue to grow and reach $1.3 trillion by 2030. It will also help reduce CO2eq emissions by up to 7.5 gigatons.

Support of leading VC funds

"Twinzo helps companies increase the efficiency of their own processes and infrastructure, which leads not only to better business results, but also to lower resource consumption and environmental impact. I believe that thanks to the Twinzo solution, it will be possible to monitor entire economies and take effective steps towards carbon neutrality, and at the same time, the industry will become a little more digitalized again," says Hynek Sochor, founder and chairman of the board of the accelerator and fund Soulmates Ventures, which supports promising startups in the Central region and Eastern Europe, whose solutions have a positive impact on society.

"Those who are responsible for key decisions in companies usually do not have comprehensive and up-to-date data at their disposal. Moreover, the problems they face require deeper analysis and presentation. This forces companies to spend more resources. Digital twins have enormous potential not only in the search for savings, but also in the development of innovations. We are happy to help Twinzo expand its unique solution that can change the face of many industries," concludes Michal Ciffra, partner at DEPO Ventures.