Akselos gets strategic investment from GRO Capital to propel advancements in physics-based digital twins

14.06.2023 10:33, Rita Longobardi

Akselos, the creator of a pioneering engineering simulation technology, announced it has received an investment from GRO to accelerate organizational expansion, global commercial scaling, and product leadership.

Grounded in more than 15 years of advanced academic research at the Massachusetts Institute of Technology (“MIT”), Akselos provides physics-based simulation engineering software, or digital twins, of highly complex mechanical assets. The technology enables customers to reduce risk, increase operational efficiency, and extend the life of their energy infrastructure in operation. The Company is disrupting the industry standard with its solution being 1,000x faster than legacy technology, facilitating real-time condition monitoring and delivering significant customer value.

Akselos’ digital twin technology is currently in use by customers across the energy industry, including upstream and downstream, and renewable energy. It is trusted by clients including Shell, Lamprell, and Pan American Energy. Offshore wind is a key vertical, aligning with the company’s vision of providing technology that enables the green energy transition in line with IEA’s Net Zero 2050 roadmap.

The Company is benefitting from substantial business momentum across five continents and will now partner with GRO ahead of an important chapter of the Company’s scaling journey. With this investment, GRO is joining a blue-chip shareholder group, including Shell Ventures, among others, that will continue to support the Company going forward.

Thomas Leurent, Co-Founder and CEO of Akselos says: “Akselos is a trusted technology provider for many of the largest operators in the energy industry, helping to protect some of the world’s most critical energy infrastructure and working along the industry on the Net Zero 2050 roadmap. We are grateful for GRO’s significant vote of confidence and know that their expertise in scaling B2B software companies will reinforce our position in the market and benefit our customers globally. Their belief in our vision and team is an endorsement of what we have accomplished so far and a strong affirmation of the potential ahead. With these additional resources, we look forward to scaling new heights and continuing to drive innovation that matters.”

Closing of the Transaction is anticipated to take place during the next couple of weeks.

EPFL's spin-off Akselos was ranked at the TOP 100 Swiss Startup Award from 2015 to 2017.

From left to right: Thomas Leurent (CEO), David Knezevic (CTO), Phuong Huynh (VP of Engineering).

Source : Akselos Press Release