Cosmo Tech, the world's leading developer of Simulation Digital Twin technology, has announced two new investments from global professional services firm Accenture and Sam George, former Microsoft Corporate Vice President. Mr. George has also joined the Cosmo Tech Board of Directors.

 

Accenture and Cosmo Tech's collaboration is based on a shared vision of the best way to ensure robust, proactive decision-making in an era where uncertainty reigns and organisations seek resilience in the face of global shocks. In today's complex world, the combination of Cosmo Tech's advanced simulation technology and Accenture's technology expertise and industry experience can unlock enormous value for enterprise organisations.

 

Cosmo Tech assists businesses in the manufacturing, supply chain, and energy sectors with their most pressing asset, investment, and operational challenges. Cosmo Tech already counts Europe's largest electricity transmission network, the cable and optical fibre leader, and some of the world's largest automotive and computer product manufacturers among its clients. The simulation twin specialist is now delivering value globally and can rapidly deploy solutions to clients globally, adding value in a shorter timeframe.

 

Mr. George joins the Cosmo Tech board after a 25-year career at Microsoft, most recently as Corporate Vice President leading the Azure IoT division. He brings deep knowledge of the complex corporate challenges that the world's largest organisations face, as well as the ways that Simulation Digital Twins can address those challenges. His expertise in cloud technology, digital twins, simulation, and data analytics, as well as his extensive professional network, are valuable assets that Cosmo Tech will leverage as it expands.

 

Hugues de Bantel, Co-Founder and CEO of Cosmo Tech, explained, “We are thrilled to welcome Accenture and Sam George as investors in Cosmo Tech, and to welcome Sam to our Board, too. Their vote of confidence in Cosmo Tech and our game-changing simulation twin technology will help us to create outstanding value for organizations across multiple industries as they seek profitability, productivity, and sustainability in an uncertain time.”

 

Michel Morvan, Co-Founder and Executive Chairman of Cosmo Tech, added, “Investments from Accenture and Sam George in our technology are further proof that the future of industrial decision-making is simulation. We look forward to drawing on Accenture’s global footprint and Sam’s deep expertise to deliver our advanced simulation technology and capabilities to enterprise the world’s most complex organizations.”

 

“Accenture and Cosmo Tech’s partnership is built on a common vision of enterprise reinvention by using data and technology to create new ways to engage with customers and build new opportunities for growth,” said Tom Lounibos, Managing Director, Accenture Ventures. “Accenture’s reach and capabilities will extend Cosmo Tech’s digital twin simulation technology to our clients across the world, helping them to optimize planning and become more resilient.”

 

“I’ve worked with many companies in the simulation and digital twin space and there's no one like Cosmo Tech,” added Sam George. “The world of business has grown so complex that decision-makers are swimming in a sea of uncertainty from the huge number of constraints and variables they have to consider. Decision-makers need help finding the few good choices from the millions of bad ones they could make - and simulation is the missing piece that provides that help. Simulation generates the outcome of millions of possible decisions so leaders can quickly find the best one with confidence. Cosmo Tech has already demonstrated this with large customers in very complex spaces and there's really no one like them. I'm convinced that moving forward, companies that use simulation-assisted decision-making will have a huge competitive advantage over those that don't."

 

Cosmo Tech, a European tech success story, announced its Series A fundraising round in 2014, followed by a Series B fundraising round in 2018. The second phase of its Series C round, which has already attracted new investors Inven Capital and Cemag Invest, is set to close on March 31, 2023.