SenSat raises £8.1m in a Series A funding round led by Tencent to expand its team and drive international growth.
Tencent led the Series A financing to support team expansion and international growth at SenSat.
SenSat builds digital twins of physical locations using artificial intelligence to help offline sectors improve efficiency and sustainability. The company provides a platform that transforms real-world environments into machine-readable formats for better decision making.
British artificial intelligence firm SenSat has secured £8.1m in a Series A funding round led by Tencent, with participation from Sistema Venture Capital. The newly acquired capital will be directed towards supporting company growth, expanding the London workforce threefold over the coming year, and driving international expansion efforts.
SenSat develops digital twin technology that infuses real-time data to create accurate digital copies of physical locations. This platform aims to help infrastructure industries improve safety, reduce waste, and lower carbon emissions. The latest investment marks a major milestone for the firm as it seeks to scale its operations and bring digital automation to traditional sectors.
From the founder
"Using AI-powered digital twin technology to replicate the real world in a digital capacity is the next step towards using data to make better decisions, not only in Infrastructure but in how we impact the world as people. SenSat has scaled rapidly in the past year, and we have big plans for this first major round of investment, adding to our world-class AI expertise, and enabling fresh partnerships with innovators in a range of different fields. With Tencent, we share similar ambitions about the impact of enterprise internet on laggard industries and how that can lead to us operating our world more sustainably."
James Dean
Co-Founder and CEO at SenSat
Investor perspective
"We are delighted with our investment into SenSat, which aligns well with the ambitions of Tencent’s Cloud and Smart Industries Group. We believe SenSat is well positioned to introduce mass digital automation to offline industries that have not yet engaged in the digital revolution; and we look forward to SenSat applying its platform to a broadening range of smart industries."
Ling Ge
Chief European Representative, Tencent
Use of funds
- 01Grow the team
- 02Expand into international markets
