Worlds gives industrial companies a digital twin to improve their efficiency and gets a $21.2 million raise
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Worlds Enterprises, a company that builds digital twins of ground operations for industrial businesses to make them more productive or efficient, said it raised $21.2 million in a Series A round of financing.
The company changed its name to Worlds a year ago, after Hypergiant Sensory Sciences. The new name further reflects his efforts to commercialize what he calls "the 4D infrastructure for building the industrial metaverse".
In an email to VentureBeat, Worlds CEO Dave Copps gave the example of a client named AllianceTexas to explain how his technology works. AllianceTexas is a 27,000 acre commercial inland port north of Fort Worth. Worlds is building a digital twin of a five square mile area of the port where an airport, rail yard and distribution centers are located, so AllianceTexas can better understand the flow of its commerce. The digital twin uses neural networks to track and monitor the location of trucks, identify carriers, and extract unique numbers from each truck so they can be continuously identified.
In another example, Copps explains, Worlds is helping a large food and beverage company create a digital twin of its manufacturing plant by leveraging the company's existing camera network and integrating it with its SCADA system. Event
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look hereWhen Worlds launched four years ago, it first focused on bringing computer vision technology to critical infrastructure companies, and began exploring security applications. Copps said Worlds has since evolved to offer more comprehensive digital twin technology, bringing IoT sensors, people and other processes together in a live data stream that allows organizations to analyze and redesign their operations. .
The round is led by Moneta Ventures with key participation from existing investors Align Capital, Green Park and Golf Ventures, Chevron Technology Ventures, Piva Capital, Perot Jain and Capital Factory. The company said its other customers include Chevron, PETRONAS and Hillwood Development Company.
VentureBeat's mission is to be a digital marketplace for technical decision makers to learn about transformative enterprise technologies and transact business. Discover our Briefings.
Check out all the Smart Security Summit on-demand sessions here.
Worlds Enterprises, a company that builds digital twins of ground operations for industrial businesses to make them more productive or efficient, said it raised $21.2 million in a Series A round of financing.
The company changed its name to Worlds a year ago, after Hypergiant Sensory Sciences. The new name further reflects his efforts to commercialize what he calls "the 4D infrastructure for building the industrial metaverse".
In an email to VentureBeat, Worlds CEO Dave Copps gave the example of a client named AllianceTexas to explain how his technology works. AllianceTexas is a 27,000 acre commercial inland port north of Fort Worth. Worlds is building a digital twin of a five square mile area of the port where an airport, rail yard and distribution centers are located, so AllianceTexas can better understand the flow of its commerce. The digital twin uses neural networks to track and monitor the location of trucks, identify carriers, and extract unique numbers from each truck so they can be continuously identified.
In another example, Copps explains, Worlds is helping a large food and beverage company create a digital twin of its manufacturing plant by leveraging the company's existing camera network and integrating it with its SCADA system. Event
On-Demand Smart Security Summit
Learn about the essential role of AI and ML in cybersecurity and industry-specific case studies. Watch the on-demand sessions today.
look hereWhen Worlds launched four years ago, it first focused on bringing computer vision technology to critical infrastructure companies, and began exploring security applications. Copps said Worlds has since evolved to offer more comprehensive digital twin technology, bringing IoT sensors, people and other processes together in a live data stream that allows organizations to analyze and redesign their operations. .
The round is led by Moneta Ventures with key participation from existing investors Align Capital, Green Park and Golf Ventures, Chevron Technology Ventures, Piva Capital, Perot Jain and Capital Factory. The company said its other customers include Chevron, PETRONAS and Hillwood Development Company.
VentureBeat's mission is to be a digital marketplace for technical decision makers to learn about transformative enterprise technologies and transact business. Discover our Briefings.
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