Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into industry 4.0. This time, you get to discover five hand-picked digital twin startups impacting industry 4.0.
Out of 169, the Global Startup Heat Map highlights 5 Top Digital Twin Startups Impacting Industry 4.0
The insights of this data-driven analysis are derived from the Big Data and Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups and scaleups globally. The platform gives you an exhaustive overview of emerging technologies and relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 169 exemplary startups and scaleups we analyzed for this research. Further, it highlights five digital twin startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups and scaleups in this report. For insights on the other 164 digital twin solutions impacting industry 4.0, get in touch.
MEIK Labs offers Immersive Digital Twins
Digital twins allow manufacturers to better understand processes by considering multiple production parameters. These include equipment monitoring, process optimization, and digital maintenance tasks. Moreover, digital prototyping of processes with augmented and virtual reality (AR/VR), AI, and machine learning (ML) improves the success rate of implementation. This assists companies to reduce process reengineering and continuously optimize manufacturing processes.
MEIK Labs is a Chilean startup that provides immersive digital twins for manufacturing companies. The startup plans, designs, and prototypes industrial assets and processes to monitor production parameters in real-time. Besides, it predicts asset life cycles and deviations as well as sends preventive alerts to floor managers, minimizing downtimes.
Digital Construction Works facilitates Construction Site Virtualization
The construction industry now incorporates innovations like AI, ML, advanced analytics, and digital twins to create virtual sites. This allows production managers to gain visibility into process and asset workflows, enabling better space and resource utilization. This positively impacts project timelines, saves resources, and provides administrative teams with actionable insights.
Digital Construction Works is a US-based startup that provides DCW, a digital twin integration platform for construction companies. The platform uses multiple third-party datasets to convert any job site into a digital twin. This, in turn, facilitates construction progress monitoring, simplifies downtime management, and speeds up project completion.
AllVision simplifies Rail Asset Management
Continuous construction and maintenance of railroads are imperative for efficient mobility. Industrial Internet of Things (IIoT) sensors installed on different railroad assets, such as mileposts, derailers, crossing guards, and signals, transform the railroad network into a digital twin. This allows rail operators to apply predictive maintenance and reduce breakdown handling costs.
US-based startup AllVision provides AllVision Virtual Rail Inspector (VRI), a digital twin platform for railroad management. The platform uses sensors to collect data from moving rail vehicles and maps the entire rail network to detect obstructions like debris or people crossings. Upon identifying obstacles, VRI sends instant alerts to rail operators to prevent catastrophes or material losses.
Tunnelware enables Tunnel Construction Monitoring
Safety is one of the biggest concerns in tunnel construction. Industry 4.0 startups leverage digital twins, IoT, and machine learning to visualize a tunnel project in 3D for architects and project managers. These solutions monitor tunneling in real-time and predict anomalies in construction processes, improving worker safety and productivity.
Tunnelware is a German startup that provides digital twins for tunnel construction projects. The startup combines IoT, AI, and ML to monitor boring machines and the tunneling process. Using this data, Tunnelware’s digital twins provide insights on asset utilization, safety protocol management, and quality standards.
MetaTwin offers Predictive Maintenance for Manufacturing Companies
Digital twin simulation empowers factories and manufacturing facilities with predictive maintenance to minimize downtime. Such solutions allow companies to monitor and analyze individual machinery or an entire production line. Besides, such condition monitoring solutions predict breakdowns and proactively schedule maintenance to maximize productivity.
German startup MetaTwin develops predictive maintenance solutions for manufacturing and logistics companies. The startup uses AR-enhanced simulation tools and the IIoT to offer customized solutions. They enable continuous transparency of production and warehousing processes as well as allow floor managers to predict bottlenecks.
Discover more Industry 4.0 Startups
Industry 4.0 startups such as the examples highlighted in this report focus on IIoT, process monitoring, and predictive maintenance. While all of these technologies play a major role in advancing the industry, they only represent the tip of the iceberg. To explore industrial technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free Industry 4.0 Innovation Report to save your time and improve strategic decision-making.