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Monday, June 27, 2022

Swedish “digital twin” startup Simumatik raises 4 mln crowns

Swedish startup Simumatik, which is developing a “digital twin” platform for testing new complex machines has raised 4 million Swedish crowns from Almi Invest and private investors for marketing and product development, Almi said in a statement.

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“Now we have the opportunity to take the next step in our development,” said Mikel Ayani, CEO of Simumatik.

A digital twin is a digital copy of a physical object with all its properties such as shapes and geometry, location, status and movement patterns. It can be used for testing new systems before they are actually put into operation. For example, in a crash test, the result should be the same as in a real crash.

Simumatik’s platform enables digital twins to simulate the future machines and ensure that as much as possible is correct digitally before commissioning takes place.

“The biggest advantage of Simumatik is its cloud-based platform that allows users to work directly in the browser with advanced emulations. Customers work more sustainably, save money, can offer their customers better service and often save a lot of time. Another advantage is that the technology enables telework to a greater extent,” said Fredrik Andersson, Investment Manager at Almi Invest.

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Tarmo Virki
Tarmo Virki
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