New York, January 23, 2023-(BUSINESS WIRE)–Accenture (NYSE: ACN) has made a strategic investment in CosmoTech, a global provider of digital twin simulation and optimization technology. The deal was made through Accenture Ventures during the company’s Series C funding round.
This press release contains multimedia. See the full release here: https://www.businesswire.com/news/home/20230123005205/am/
Accenture has made a strategic investment in Cosmo Tech, a global provider of digital twin simulation and optimization technology. (Graphic: Business Wire)
Cosmo Tech’s 360˚ simulation digital twin platform enables organizations to analyze and test business changes to see the potential immediate and long-term impact. The cloud-native platform uses data from existing systems to test an unlimited number of scenarios and automatically find the best course of action. This allows organizations to easily and quickly find new ways to achieve goals including cost reduction, improved resilience and efficiency, and environmental impact. In the year Founded in 2010, Cosmo Tech’s solutions have helped asset-focused organizations increase profits by 5% across complex supply chains and reduce capital and operating costs by 10-15%.
“Accenture and CosmoTech’s partnership is built on a shared vision of enterprise reinvention, using data and technology to get closer to customers and create new growth opportunities,” said Tom Lunibos, Managing Director, Accenture Ventures. “Accenture’s reach and capabilities extend CosmoTech’s digital twin simulation technology to our customers around the world, helping them plan better and be more resilient.”
“We are delighted to welcome Accenture Ventures as an investor in CosmoTech,” added Hugues de Bantel, founder and CEO of CosmoTech. “Their vote of confidence in Cosmo Tech and our game-changing simulation digital twin technology supports our efforts to help organizations across industries shape their future and make the best choices to meet their profitability, productivity and sustainability goals in an uncertain time.”
Michel Morvan, Co-Founder and CEO, Cosmo Tech “Digital twin simulation technology brings a new way for organizations to understand and manage complex supply chain operations. We look forward to working with Accenture Ventures to enable organizations to become drivers of agility. Change and lead with boldness.”
This investment is part of Accenture’s Venture Project Spotlight, an engagement and investment program targeting emerging technology software companies that help fill strategic innovation gaps for the Global 2000. Talent and corporate clients. Technology companies partner with Accenture in Innovation Hubs, Labs and Liquid Studios to work with subject matter experts to adapt their solutions to the enterprise market quickly and efficiently.
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, grow their operations, accelerate revenue growth and improve citizen services – creating tangible value at speed and scale. We are a talent- and innovation-driven company with 738,000 people serving customers in more than 120 countries. Technology is at the heart of change today, and we are one of the world leaders in helping drive that change with strong ecosystem connections. We combine our strength in technology with unmatched industry experience, operational expertise and global delivery capabilities. With our broad range of services, solutions and assets in Strategy & Consulting, Technology, Operations, Industry X and Accenture’s unique approach to delivering tangible results. These capabilities, combined with our culture of shared success and commitment to 360° value creation, enable us to help our clients succeed and build lasting relationships of trust. We measure our success by the 360° value we create for our customers, each other, our shareholders, our partners and our community. Visit us at www.accenture.com.
About Cosmo Tech
Cosmo Tech has designed simulation digital twin software to solve the most complex industrial problems and guide corporate decision making. This next-gen hybrid AI technology provides a 360° simulation that predicts the evolution of an organization in uncertain environments to better understand the impact of decisions and optimize all levels of corporate planning. With this 360° view of the organization, decision makers can run unlimited scenarios to imagine all possible futures, even in scenarios that have never happened before. Leading companies from the manufacturing, automotive, energy and transportation sectors rely on Cosmo Tech’s scalable solutions to ensure a strong, resilient and sustainable future.
Copyright © 2023 Accenture. all rights reserved. Accenture and the logo are registered trademarks of Accenture.
Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20230123005205/am/
+1 312 693 7301