NEWTWEN
Latest round
- Series A
Last raised
- May 2023
Total raised
- $7.5M
Investors
- 5
About NEWTWEN
Based in Padova, Italy, and founded in 2020 by co-founders Francesco Toso, Riccardo Torchio, and Milo De Soricellis, Hexadrive Engineering Srl, doing business as NEWTWEN, provides artificial intelligence-powered software that produces integrated Digital Twin systems for model predictive control integrating electromechanical and electronic system diagnosis. The company offers software technology to improve the efficiency of electric motors, inverters, and lithium batteries. The software platform generates highly accurate virtual replicas of physical systems to estimate relevant parameters such as temperature, torque, and power that directly integrate with digital twins within the systems to improve performance, longevity, and reliability without adding new electronic hardware components in real time. Digital Twin On-Chip (DTOC) firmware solutions predict temperatures and other parameters of interest in the system, with high accuracy, even at physically inaccessible points, thus improving operation and prolonging the useful life of complex electromechanical systems.
Who invested in NEWTWEN
5 investors across 1 round
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Funding rounds
Series A
May 26, 2023
Amount
$7.5M
Investors
Questions about NEWTWEN
Who invested in NEWTWEN?
NEWTWEN has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NEWTWEN raised?
NEWTWEN has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did NEWTWEN last raise money?
NEWTWEN's most recent round on record is a Series A, in May 2023.
What does NEWTWEN do?
Based in Padova, Italy, and founded in 2020 by co-founders Francesco Toso, Riccardo Torchio, and Milo De Soricellis, Hexadrive Engineering Srl, doing business as NEWTWEN, provides artificial intelligence-powered software that produces integrated Digital Twin systems for model predictive control integrating electromechanical and electronic system diagnosis.
Where is NEWTWEN headquartered?
NEWTWEN is headquartered in Padova, Italy.
Which VCs invest in companies like NEWTWEN?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at NEWTWEN's stage. Their profiles are linked below.
VCs backing software startups at Series A
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