Sensat secures £16.7m Series B funding led by National Grid Partners
National Grid Partners led the Series B round to support digital automation in infrastructure projects.
Sensat provides digital twin software for the construction and infrastructure sectors to improve project delivery and collaboration. The company operates from London and helps manage major assets worldwide.
London based digital twin firm Sensat has secured £16.7m in a Series B funding round. The investment was led by National Grid Partners, with participation from existing investors in the company.
The fresh capital will be directed towards driving digital automation across energy, rail and telecommunications infrastructure projects. Sensat aims to help asset owners reduce costs, eliminate site visits and improve project coordination through its high resolution platform.
National Grid Partners noted that the firm already supports numerous large scale infrastructure projects globally. The backing is expected to aid Sensat in scaling its operations and tailoring its software for utility customers, particularly in the US market.
From the founder
"We are delighted to welcome National Grid Partners as a shareholder and look forward to serving utility customers in the UK, US and beyond, bringing a new era in digital automation for the utility and wider infrastructure sectors."
James Dean
CEO at Sensat
Investor perspective
"Many of the world’s largest infrastructure projects already use Sensat to digitize the planning, development and management of their infrastructure projects and enhance team collaboration – eliminating the largely manual processes and data silos that characterize traditional project management. We hope to see Sensat become the leading digital twin solution for infrastructure projects in the utility industry and beyond."
Ian Cooper
Managing Director, National Grid Partners
Use of funds
- 01Continue product development