London-based Sensat has secured £16.7m in a Series B funding round led by National Grid Partners for its digital twin technology aimed at the construction industry.
Digital twins are the mapping and digitisation of a place, which then can be used for applications such as simulation.
The Series B funds will be put towards the development of Sensat’s technology alongside international growth in countries including the US.
Its software lets construction stakeholders locate risks, reduce site visits and manage projects.
“We are delighted to welcome National Grid Partners as a shareholder and look forward to serving utility customers in the UK, US and beyond, bringing a new era in digital automation for the utility and wider infrastructure sectors,” said James Dean, CEO, Sensat.
Investment in the Sensat Series B was led by National Grid Partners the venture capital branch of British utility firm National Grid.
Ian Cooper, head of European venture capital, National Grid Partners, said: “Many of the world’s largest infrastructure projects already use Sensat to digitize the planning, development and management of their infrastructure projects and enhance team collaboration – eliminating the largely manual processes and data silos that characterise traditional project management.”
Users of Sensat include Aecom, Connect Plus, Heathrow, Kier, Morgan Sindall, Network Rail and WSP.
Other UK digital twin startups include OnePlan and Spinview.
