Home » Sensat raises £17m to create digital twins for infrastructure

Sensat raises £17m to create digital twins for infrastructure

by Sion Geschwindt
London-based digital twin company Sensat has raised $20.5m (£16.7m) in a Series B funding round led by National Grid Partners.

London-based digital twin company Sensat has raised $20.5m (£16.7m) in a Series B funding round led by National Grid Partners, the venture capital arm of the British electricity and gas utility National Grid.

Founded in 2017, Sensat is on a mission to digitise the construction industry and bring efficiencies to the development and operation of large infrastructure projects using digital twin technology.

Using Sensat’s software, construction teams can visualise and collaborate on multi-layered digital twins to better locate risks, reduce site visits and manage projects more efficiently.

The firm aims to drive digital automation in infrastructure projects in the energy, rail, and telecommunications, sectors which it said “have traditionally lacked the productivity gains of digital transformation.”

The fresh funds will be put towards the development of Sensat’s technology alongside international growth in countries including the US.

Sensat CEO, James Dean, said: “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.”

Ian Cooper, head of European Venture Capital at National Grid Partners, added: “Many of the world’s largest infrastructure projects already use Sensat to digitise 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.

“We hope to see Sensat become the leading digital twin solution for infrastructure projects in the utility industry and beyond.”

According to the firm, today more than $150bn worth of assets worldwide are planned, built and managed with Sensat software. Users include Aecom, Connect Plus, Heathrow, Kier, Morgan Sindall, Network Rail and WSP.

What is a digital twin? 

Simply put, it is a highly complex virtual replica of a real world ‘thing’ or system.

The ‘thing’ could be a car, a building, a factory, or even an entire city. 

A digital twin is distinct from a standard 3D model because it constantly receives live data, allowing it to evolve in tandem with its real-world sibling.

Image: Co-Founders James Dean (left) and Harry Atkinson

Read next: Sensat creates digital replica of the £4bn Canada Water Masterplan

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