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Digital Twin Software Company Sensat Raises $20.5m USD to Automate the Way Infrastructure is Planned, Built and Managed

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Sensat, National Grid Partners

Sensat has raised $20.5m (£16.7m) in Series B funding in a round led by National Grid Partners, with the participation of existing investors. Sensat is a leading digital twin company with a mission to digitize the underserved construction industry and bring efficiencies to the development and operation of large infrastructure projects.

The funds will help Sensat to drive digital automation in infrastructure projects in the energy, rail and telecommunications sectors, which have traditionally lacked the productivity gains that have been a by-product of the rapid digital adoption that has occurred in other sectors.

Read more at GlobeNewswire