Accenture Invests in Cosmo Tech, Increasing Purchasers’ Entry to Digital Twin Simulation Expertise

Accenture Invests in Cosmo Tech, Increasing Purchasers’ Entry to Digital Twin Simulation Expertise

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 expertise. The settlement, by Accenture Ventures, occurred through the first section of the corporate´s Collection C fundraising.

Cosmo Tech’s 360˚ Simulation Digital Twin platform permits organizations to discover and take a look at enterprise adjustments with a view to see the potential instant and long-term affect. The cloud-native platform makes use of knowledge from present methods to check a vast variety of situations and routinely discover the optimum motion plan. This allows organizations to extra simply and rapidly discover new methods to realize objectives together with value 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 knowledge and expertise to create new methods to have interaction with clients and construct new alternatives for progress,” stated Tom Lounibos, managing director, Accenture Ventures. “Accenture’s attain and capabilities will lengthen Cosmo Tech’s digital twin simulation expertise to our shoppers the world over, serving to them to optimize planning and change 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 expertise will assist our efforts to assist organizations throughout a number of industries form their future and make one of the best selections to satisfy their profitability, productiveness and sustainability objectives in an unsure time.”

Michel Morvan, co-founder and Govt Chairman, Cosmo Tech, stated: “Digital twin simulation expertise brings a brand new means for organizations to know and handle complicated provide chain operations. We look ahead to working with Accenture Ventures to empower organizations to change into agile drivers of change and to steer with confidence.”

This funding is a part of Accenture Enterprise’s Mission Highlight, an engagement and funding program that targets rising expertise software program corporations that may assist fill strategic innovation gaps for the World 2000. Along with capital investments, Accenture Enterprise’s Mission Highlight presents unprecedented entry to Accenture’s expertise area experience and its enterprise shoppers. Expertise corporations co-innovate with Accenture at its Innovation Hubs, Labs and Liquid Studios, working with material specialists to adapt their options to the enterprise market and scale quicker and extra successfully.

About Accenture

Accenture is a number one international skilled providers 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 providers—creating tangible worth at velocity and scale. We’re a expertise and innovation led firm with 738,000 individuals serving shoppers in additional than 120 nations. Expertise is on the core of change in the present day, and we’re one of many world’s leaders in serving to drive that change, with robust ecosystem relationships. We mix our power in expertise 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 providers, options and belongings throughout Technique & Consulting, Expertise, Operations, Trade X and Accenture Music. 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 resolve probably the most complicated industrial issues and lead enterprise determination making. This next-gen hybrid AI expertise gives 360° simulation that predicts the evolution of a corporation 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, determination makers can run limitless situations to anticipate all doable futures even below situations which have by no means occurred earlier than. Main corporations 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.