# NEWTWEN

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newtwen

- Industry: Software
- Headquarters: Padova, Italy
- Website: www.newtwen.com
- Total disclosed funding: $7.5M
- Latest round: Series A (May 26, 2023)
- Investors on record: 5

## About

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. In May 2023, NEWTWEN raised EUR 7 million in series A funding led by investor 360° Capital Partners, with participation from other investors CDP Venture Capital, Join Capital, and Plug and Play Ventures.
 

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.

## Funding rounds

- Series A, May 26, 2023, $7.5M — CDP Venture Capital, 360 Capital, Vertis, Plug and Play, Join Capital

## Investors

- CDP Venture Capital (https://capitalatlas.ai/funds/cdp-venture-capital) — Series A
- 360 Capital (https://capitalatlas.ai/funds/360-capital) — Series A
- Vertis (https://capitalatlas.ai/funds/vertis) — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Join Capital — Series A