Noblis Ventures Invests in Digital Twin Platform Provider Sedaro

Noblis Ventures, the corporate venture arm of science, technology and strategy services provider Noblis, has invested in cloud software company Sedaro, which offers a platform for developing digital twins.

Mile Corrigan, Noblis CEO and a 4×24 member, said Sedaro’s digital simulation tools use unified modeling, data fusion and automation pipelines to enable faster creation of digital twins of complex physical systems compared to traditional approaches. 

Digital simulation is “another avenue for collaborative solutioning and development to further our current digital engineering capabilities and expand mission impacts for our customers,” she added.

With Sedaro’s platform, users can digitally operate a true representation of their missions and automate and optimize their processes, Noblis said.

According to a Market .us report, the global digital market, valued at $8.4 billion in 2022, is expected to increase to $918.1 billion in 2032, with a compound annual growth rate of 61.8 percent over nine years starting from 2023.

The document indicates that the market valuation increase is driven by the accelerated adoption of Industry 4.0 practices in various sectors. 

Digital twins reduce operational costs as the technology helps eliminate downtime and optimize resource use, the report stated.