Swiss climate tech startup Akselos has raised $16.5 million in funding to enable it to scale its team and solutions to optimise the energy industry’s existing infrastructure. The round saw the participation of AT Capital Group, Future Energy Ventures, Japan Energy Fund and Shell Ventures.
Founded in 2012 with operations in Europe, the U.S. and South East Asia, the company’s products are designed specifically to help protect critical energy infrastructure with real-time, condition-based monitoring for critical assets. The platform aims to provide technology to enable the energy transition for a net zero world. According to the company, its solution to model large scale assets simulates exact virtual replicas, or predictive and accurate digital twins, of energy assets such as offshore wind turbine and their foundations.
Thomas Leurent, CEO, Akselos, said: “We’ve enabled a new innovation curve for the energy industry. It’s more important than ever to protect and extend the life of our current infrastructure while redeploying capital toward the ambitious Net Zero 2050 roadmap. Adoption of our technology allows customers to lead in their respective fields, and we are eager to broaden the applications and usage.”
Akselos’ customers use its physics-based digital twin software, Akselos Integra & Akselos Innovate, to protect their most critical assets, learn from the digital twins and design the next generation of assets.