About Newtwen
Newtwen is a company based in Padova (Italy) founded in 2020 by Milo De Soricellis, Piergiorgio Alotto, Francesco Toso, Silverio Bolognani, and Riccardo Torchio. Newtwen has raised $7.51 million across 1 funding round from investors including Plug and Play Tech Center, 360 Capital Partners and Vertis. Newtwen offers products and services including Twin Fabrica and Virtual Thermal Sensors. Newtwen operates in a competitive market with competitors including DataMesh, Spherity, Istari, ThoughtWire and World Labs, among others.
- Headquarter Padova, Italy
- Founders Milo De Soricellis, Piergiorgio Alotto, Francesco Toso, Silverio Bolognani, Riccardo Torchio
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$7.51 M (USD)
in 1 rounds
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Latest Funding Round
$7.51 M (USD), Series A
May 26, 2023
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Investors
Plug and Play Tech Center
& 4 more
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Employee Count
Not available
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Products & Services of Newtwen
Newtwen offers a comprehensive portfolio of products and services, including Twin Fabrica and Virtual Thermal Sensors.
Platform for building and deploying virtual thermal sensors at scale
Enables precise thermal modeling and calibration for engineering applications
People of Newtwen
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Leadership Team
1 people
Office Team
1 people
Lead Team
1 people
Sales and Marketing
1 people
PHD Team
1 people
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Funding Insights of Newtwen
Newtwen has successfully raised a total of $7.51M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.51 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Newtwen
Newtwen has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Plug and Play Tech Center, 360 Capital Partners and Vertis.
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Venture capital firm investing in digital tech startups
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Investments are managed in innovative Made in Italy companies.
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Venture capital and fund of funds focused on multiple sectors
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Investor details for Newtwen
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Investments & Acquisitions by Newtwen
Investment portfolio details for Newtwen
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Financial Statements - Newtwen
Detailed financials for Newtwen
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Newtwen Comparisons
Peer comparison for Newtwen
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Competitors of Newtwen
Newtwen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DataMesh, Spherity, Istari, ThoughtWire and World Labs, among others.
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Provider of augmented reality-based content creation tools
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A blockchain and cloud-based platform for digital twins is provided.
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A metaverse-based digital twin platform for engineering is developed.
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IoT predictive maintenance platform for real-time issue resolution is provided.
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Provider of AI models to generate and understand interactive 3D environments
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AI-based digital twin solutions are provided for multiple industries.
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Detailed competitors of Newtwen
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Latest news on Newtwen
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Frequently Asked Questions about Newtwen
Newtwen was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Newtwen is headquartered in Padova, Italy. It is registered at Padova, Veneto, Italy.
Francesco Toso is the current CEO of Newtwen. They have also founded this company.
Newtwen is a funded company, having raised a total of $7.51M across 1 funding round to date.
Developer of software for creating digital twins. It offers a platform that automatically generates digital twins. Its digital twins are applicable for monitoring the conditions of electromechanical systems. It facilitates real-time monitoring, embedded optimization, cooling management, and predictive maintenance.
Newtwen's top competitors include World Labs, DataMesh and Spherity.
Newtwen offers Twin Fabrica and Virtual Thermal Sensors.
Newtwen has 5 investors. Key investors include Plug and Play Tech Center, 360 Capital Partners, Vertis, CDP Venture Capital, and Join Capital.