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Worlds companiesa company that builds digital twins of floor operations for industrial companies to help them become more productive or efficient, said it raised $21.2 million in a Series A funding round.
The company was renamed Worlds a year ago, from Hypergiant Sensory Sciences. The new name is more reflective of its efforts to market what it calls “4D infrastructure for building the industrial metaverse.”
In an email to VentureBeat, Worlds CEO Dave Copps gave the example of a client called AllianceTexas to explain how his technology works. AllianceTexas is a 27,000-acre inland commercial port north of Fort Worth. Worlds is building a digital twin of a five-square-mile area of the port that houses an airport, rail yard, and distribution centers to help AllianceTexas better understand the flow of trade. The digital twin uses neural networks to track and monitor the location of trucks, identify carriers and extract the unique numbers on each truck so they can be continuously identified.
In another example, Copps said, Worlds is helping a large food and beverage company build a digital twin of its manufacturing facility by taking the company’s existing camera network and integrating it with their SCADA system.
When Worlds launched four years ago, it first focused on bringing computer vision technology to critical infrastructure companies, exploring security applications as a first step. Copps said Worlds has since evolved to offer more comprehensive digital twin technology, bringing together IoT sensors, people and other processes into a live data stream that helps organizations analyze and redesign their operations.
The round is led by Moneta Ventures with significant 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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