Accenture Invests in Cosmo Tech, Increasing Purchasers’ Entry to Digital Twin Simulation Know-how
NEW YORK; Jan. 23, 2023 – Accenture (NYSE: ACN) has made a strategic funding in Cosmo Tech, a world supplier of digital twin simulation and optimization know-how. The settlement, by Accenture Ventures, happened through the first part of the corporate´s Collection C fundraising.
Cosmo Tech’s 360˚ Simulation Digital Twin platform permits organizations to discover and check enterprise adjustments with the intention to see the potential rapid and long-term affect. The cloud-native platform makes use of information from present programs to check an infinite variety of eventualities and routinely discover the optimum motion plan. This permits organizations to extra simply and rapidly discover new methods to realize targets together with price discount, improved resiliency and effectivity, and lessening environmental affect. Based in 2010, Cosmo Tech’s options have helped asset-intensive organizations improve revenue by 5% throughout complicated provide chains, and lower capital and working bills by 10-15%.
“Accenture and Cosmo Tech’s partnership is constructed on a typical imaginative and prescient of enterprise reinvention by utilizing information and know-how to create new methods to have interaction with clients and construct new alternatives for progress,” mentioned Tom Lounibos, managing director, Accenture Ventures. “Accenture’s attain and capabilities will prolong Cosmo Tech’s digital twin simulation know-how to our shoppers the world over, serving to them to optimize planning and develop into extra resilient.”
“We’re thrilled to welcome Accenture Ventures as buyers in Cosmo Tech,” added Hugues de Bantel, co-founder and CEO of Cosmo Tech. “Their vote of confidence in Cosmo Tech and our game-changing simulation digital twin know-how will assist our efforts to assist organizations throughout a number of industries form their future and make the most effective decisions to fulfill their profitability, productiveness and sustainability targets in an unsure time.”
Michel Morvan, co-founder and Govt Chairman, Cosmo Tech, mentioned: “Digital twin simulation know-how brings a brand new approach for organizations to know and handle complicated provide chain operations. We stay up for working with Accenture Ventures to empower organizations to develop into agile drivers of change and to guide with confidence.”
This funding is a part of Accenture Enterprise’s Challenge Highlight, an engagement and funding program that targets rising know-how software program firms that may assist fill strategic innovation gaps for the International 2000. Along with capital investments, Accenture Enterprise’s Challenge Highlight gives unprecedented entry to Accenture’s know-how area experience and its enterprise shoppers. Know-how firms co-innovate with Accenture at its Innovation Hubs, Labs and Liquid Studios, working with material consultants to adapt their options to the enterprise market and scale sooner and extra successfully.
About Accenture
Accenture is a number one international skilled companies firm that helps the world’s main companies, governments and different organizations construct their digital core, optimize their operations, speed up income progress and improve citizen companies—creating tangible worth at pace and scale. We’re a expertise and innovation led firm with 738,000 individuals serving shoppers in additional than 120 international locations. Know-how is on the core of change at this time, and we’re one of many world’s leaders in serving to drive that change, with sturdy ecosystem relationships. We mix our energy in know-how with unmatched trade expertise, useful experience and international supply functionality. We’re uniquely in a position to ship tangible outcomes due to our broad vary of companies, options and property throughout Technique & Consulting, Know-how, Operations, Business X and Accenture Tune. These capabilities, along with our tradition of shared success and dedication to creating 360° worth, allow us to assist our shoppers succeed and construct trusted, lasting relationships. We measure our success by the 360° worth we create for our shoppers, one another, our shareholders, companions and communities. Go to us at www.accenture.com
About Cosmo Tech
Cosmo Tech designs Simulation Digital Twin software program to unravel essentially the most complicated industrial issues and lead enterprise resolution making. This next-gen hybrid AI know-how offers 360° simulation that predicts the evolution of a company in unsure environments to higher perceive the affect of selections and to optimize all ranges of enterprise planning. With this 360° view of the group, resolution makers can run limitless eventualities to anticipate all doable futures even beneath circumstances which have by no means occurred earlier than. Main firms from the manufacturing, automotive, power, and transport sectors depend on Cosmo Tech scalable options to make sure a future that’s sturdy, resilient, and sustainable.
# # #
Contact:
Julie Bennink
Accenture
+1 312 693 7301
[email protected]
Copyright © 2023 Accenture. All rights reserved. Accenture and its brand are registered logos of Accenture.