Tech

Worlds gives industrial companies digital twin to improve efficiency, receives $21.2 million raise


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world businessa company that builds digital twins of floor operations for industrial companies to help them become more productive or efficient, says it has raised $21.2 million in a series sponsor.

The company changed its name to Worlds a year ago, from Hypergiant Sensory Science. The new name better reflects the marketing effort of what they call “4D infrastructure to build.” Industrial Metaverse.”

In an email to VentureBeat, Worlds CEO Dave Copps gave an example of a customer named AllianceTexas to explain how the technology works. AllianceTexas is a 27,000-acre commercial inland port north of Fort Worth. Worlds is building a digital twins of the 5-square-mile port area, where the airport, terminal and distribution centers are located, so AllianceTexas can better understand its trade flows. The digital twin uses a neural network to track and monitor trucks’ locations, identify carriers, and extract unique numbers on each truck so they can be identified continuously.

In another example, Copps said, Worlds is helping a major food and beverage company build a digital twin production facility by tapping into the company’s existing camera network and integrating it with their SCADA system.

When World launched four years ago, it first focuses on bringing computer vision technology to critical infrastructure companies, and is exploring security applications as a first step. Copps says Worlds has since evolved to offer a more comprehensive digital twin, by bringing universes sensors, people, and other processes together in a live data stream allowing organizations to analyze and redesign their operations.

The round was led by Moneta Ventures with key participation from existing investors Align Capital, Green Park & ​​Golf Ventures, Chevron Technology Ventures, Piva Capital, Perot Jain and Capital Factory. The company said other customers include Chevron, PETRONAS and Hillwood Development Company.

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