All the fundraising deals in the digital twin market (from Q2 2025 to Q2 2026)
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Digital twin startups announced 21 funding rounds worth $534.9 million between Q2 2025 and Q2 2026.
Q1 2026 was the strongest quarter, with six digital twin funding deals totaling $182.5 million.
Infrastructure digital twins received the most capital, led by solutions for utilities, cities, energy networks and wildfire monitoring.
And if you want to better understand this new industry, you can download our pitch covering the digital twin market.
Insights
- The digital twin market raised $534.9 million across 21 deals, but the ten largest rounds captured 87.1% of all funding.
- Q1 2026 generated $182.5 million, or 34.1% of the total digital twin funding recorded during the five-quarter period.
- Infrastructure Twin Systems received $173.8 million, equal to 32.5% of digital twin market funding and more than any other category.
- Only one investor, NVentures, appeared in more than one disclosed digital twin funding round, which shows how fragmented the investor base remains.
- PassiveLogic raised the largest round at $74 million, but the company represented only 13.8% of total five-quarter funding.
- Five digital twin startups raised more than $50 million, showing that investors will support large rounds for proven operational platforms.
- Digital twin funding increased by 47.5% between Q2 2025 and Q1 2026, before falling sharply in Q2 2026.
- Healthcare and enterprise process twins raised $145.2 million, helped by the large Twin Health and Axiamatic rounds.
- The digital twin market is moving beyond visualization, as funded platforms increasingly guide maintenance, planning, control and engineering decisions.
This market map, featured in our digital twin market deck, highlights top companies and startups in the digital twin market
Summary table of the funding deals in the digital twin market (last 5 quarters)
We define the digital twin market as solutions that create and maintain a digital representation of a real-world asset, system, or process to support monitoring, simulation, and optimization.
We include digital twin software platforms, applications and implementation services that synchronize twins with real operational data and support performance improvements.
We exclude standalone 3D models, CAD tools, generic dashboards and simulations that are not maintained as twins of specific real-world systems.
You can also read our detailed analysis to understand how funding activity in the digital twin market has evolved over the last few years.
Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the digital twin market.
| Name | What they do | Amount in $ | Quarter |
|---|---|---|---|
| Gradyent | Optimizes heating, cooling and steam networks through live digital twins. | $30.2M | Q2 2025 |
| OroraTech | Uses thermal satellites to maintain a global wildfire digital twin. | $40.0M | Q2 2025 |
| Skyral | Simulates complex defence, infrastructure and healthcare operations. | $20.0M | Q2 2025 |
| RIIICO | Creates editable digital models of existing manufacturing plants. | $5.0M | Q2 2025 |
| BQP | Runs advanced digital twin simulations for engineered systems. | $4.9M | Q3 2025 |
| Twin Health | Creates personal metabolic twins for diabetes and obesity care. | $53.0M | Q3 2025 |
| Yottar | Maps available UK electricity-grid capacity for new developments. | $1.2M | Q3 2025 |
| PassiveLogic | Models and automatically controls building energy and facility systems. | $74.0M | Q3 2025 |
| EchoTwin AI | Creates live city twins using sensors mounted on municipal vehicles. | $8.0M | Q3 2025 |
| Intangles | Predicts commercial vehicle failures using live vehicle digital twins. | $30.0M | Q4 2025 |
| Digs | Creates persistent digital home records for builders and homeowners. | $5.0M | Q4 2025 |
| Parallax Worlds | Creates realistic factory and warehouse twins for robot testing. | $4.0M | Q4 2025 |
| Sim&Cure | Builds patient-specific twins for planning neurovascular procedures. | $10.8M | Q4 2025 |
| GulfBoost Technology | Develops geospatial digital twins for Saudi cities and infrastructure. | $1.3M | Q1 2026 |
| Neara | Models utility networks for inspection, planning and climate resilience. | $63.8M | Q1 2026 |
| Axiamatic | Creates live twins of large enterprise transformation programs. | $54.0M | Q1 2026 |
| Mantis Biotech | Creates synthetic human twins from biomedical and behavioral data. | $7.4M | Q1 2026 |
| ThinkLabs AI | Models electricity grids for forecasting and capacity planning. | $28.0M | Q1 2026 |
| Antaris | Creates digital twins for satellite design, production and operations. | $28.0M | Q1 2026 |
| Meissa | Builds spatial twins of construction and infrastructure sites. | $1.3M | Q2 2026 |
| JuliaHub | Models industrial machines using physics and scientific machine learning. | $65.0M | Q2 2026 |
In our digital twin market deck, we identify pain points entrepreneurs should prioritize
How has funding activity in the digital twin market changed over time?
Q1 2026 was the most active quarter, with six deals and $182.5 million raised across several large digital twin rounds.
Q4 2025 was the least active quarter by funding, because its four deals totaled only $49.8 million and none exceeded $50 million.
Digital twin funding fell by 63.7% between Q1 2026 and Q2 2026, while Q2 2026 was also 30.4% below Q2 2025.
Without the largest one or two rounds in each quarter, digital twin funding was much steadier and remained relatively modest. The quarterly changes mainly came from a small number of rounds above $50 million.
| Quarter | Number of deals | Total raised ($) | Comment |
|---|---|---|---|
| Q2 2025 | 4 | $95M | OroraTech and Gradyent generated most of the quarter's digital twin funding. |
| Q3 2025 | 5 | $141M | PassiveLogic and Twin Health pushed quarterly funding above $140 million. |
| Q4 2025 | 4 | $50M | Funding declined because the quarter contained no rounds above $50 million. |
| Q1 2026 | 6 | $183M | Neara, Axiamatic, ThinkLabs AI and Antaris produced a broad funding peak. |
| Q2 2026 | 2 | $66M | JuliaHub represented nearly all funding in a quarter with only two deals. |
| All quarters | 21 | $535M | The digital twin market averaged slightly more than four deals per quarter. |
This chart, included in our digital twin market deck, breaks down Neara's playbook in digital twins
Which startups in the digital twin market raised the largest rounds over the last months?
These startups raised the most recently in the digital twin market:
- PassiveLogic raised $74 million to scale autonomous building twins that can model and control energy, HVAC and facility systems.
- JuliaHub raised $65 million to expand its industrial modeling platform and add autonomous agents to engineering workflows.
- Neara raised $63.8 million to expand its utility network twins and support demand from electrification, data centers and extreme weather.
- Axiamatic raised $54 million to scale digital twins that help enterprises manage complex transformation programs.
- Twin Health raised $53 million to expand personalized metabolic care through employers and health plans.
- OroraTech raised $40 million to expand its thermal satellite network and global wildfire intelligence services.
- Gradyent raised $30.2 million to deploy its energy network digital twins across more heating and cooling systems.
- Intangles raised $30 million to improve vehicle failure prediction and expand its fleet platform internationally.
- ThinkLabs AI raised $28 million to expand digital grid twins for forecasting, renewable energy and capacity planning.
- Antaris raised $28 million to accelerate satellite design, autonomous operations and mission deployment.
And, yes, we do cover most of them in our our beautiful pitch about the digital twin market.
You may also want to check our ranking of the most funded startups in the digital twin market as well as our list of the most valued startups.
This chart, included in our digital twin market deck, shows annual funding in digital twin startups
Is the digital twin market shifting toward smaller or bigger deals?
The average digital twin funding round was $25.5 million across the five quarters.
The quarterly average ranged from $12.5 million in Q4 2025 to $33.2 million in Q2 2026. The average increased when a quarter included one or more rounds above $50 million.
Without the largest rounds, the digital twin market would show a steadier pattern of smaller seed, Series A and mid-sized growth financings.
| Quarter | Number of deals | Average deal size | Deals below $2M | Deals above $50M |
|---|---|---|---|---|
| Q2 2025 | 4 | $23.8M | 0 | 0 |
| Q3 2025 | 5 | $28.2M | 1 | 2 |
| Q4 2025 | 4 | $12.5M | 0 | 0 |
| Q1 2026 | 6 | $30.4M | 1 | 2 |
| Q2 2026 | 2 | $33.2M | 1 | 1 |
| All quarters | 21 | $25.5M | 3 | 5 |
This chart, included in our digital twin market deck, compares the main business model options for digital twin enterprise software platforms
How concentrated was funding activity in the digital twin market?
Digital twin funding was concentrated in every quarter, with the largest deal representing between 35.0% and 98.0% of quarterly capital. The top three deals always represented at least 79.9%.
This concentration means quarterly digital twin market totals can rise or fall sharply even when the number of deals changes only slightly.
| Quarter | Number of deals | Top 1 | Top 3 | Top 10 |
|---|---|---|---|---|
| Q2 2025 | 4 | 42.0% | 94.7% | 100.0% |
| Q3 2025 | 5 | 52.4% | 95.7% | 100.0% |
| Q4 2025 | 4 | 60.2% | 92.0% | 100.0% |
| Q1 2026 | 6 | 35.0% | 79.9% | 100.0% |
| Q2 2026 | 2 | 98.0% | 100.0% | 100.0% |
| All quarters | 21 | 13.8% | 37.9% | 87.1% |
This chart, featured in our digital twin market deck, illustrates how revenue is divided among customer segments in the digital twin market
Which categories in the digital twin market received the most funding?
Infrastructure Twin Systems received $173.8 million, or 32.5% of all digital twin market funding. Utilities and governments need accurate models because infrastructure mistakes can be costly and dangerous.
Process Twin Applications received $145.2 million, or 27.1% of total funding. Twin Health and Axiamatic showed that digital twins can also manage personal health and enterprise operations.
Asset Twin Platforms received $127.9 million, or 23.9% of total funding. Large rounds supported vehicle, satellite and industrial engineering platforms with clear operational uses.
| Category name | Number of deals | Total raised ($) | Startups and amount |
|---|---|---|---|
| Infrastructure Twin Systems | 8 | $173.8M | Gradyent ($30.2M), OroraTech ($40.0M), Yottar ($1.2M), EchoTwin AI ($8.0M), GulfBoost Technology ($1.3M), Neara ($63.8M), ThinkLabs AI ($28.0M), Meissa ($1.3M) |
| Process Twin Applications | 5 | $145.2M | Skyral ($20.0M), Twin Health ($53.0M), Sim&Cure ($10.8M), Axiamatic ($54.0M), Mantis Biotech ($7.4M) |
| Asset Twin Platforms | 4 | $127.9M | BQP ($4.9M), Intangles ($30.0M), Antaris ($28.0M), JuliaHub ($65.0M) |
This chart, included in our digital twin market deck, shows how industrial digital twin platform technology has evolved over time
Who are the biggest investors in the digital twin market?
NVentures was the most active disclosed investor in the digital twin market, with two deals covering PassiveLogic and ThinkLabs AI.
No other disclosed investor participated in more than one qualifying funding round during the five-quarter period.
The limited overlap shows that the digital twin investor market remains broad, with different specialists backing buildings, utilities, healthcare, satellites and industrial systems.
Disclaimer: this investor list may be incomplete; we focus on publicly disclosed lead and prominent recurring investors, so some frequent minority participants may be underrepresented. “Total funded” does not represent the amount personally invested by an individual investor. Instead, it refers to the aggregate amount raised across all fundraising rounds in which the investor participated.
| Investor | Number of deals | Total funded ($) | Startups |
|---|---|---|---|
| NVentures | 2 | $102.0M | PassiveLogic, ThinkLabs AI |
This chart, included in our digital twin market deck, shows how industrial simulation has driven growth in the digital twin market over time
Related blog posts
- All funding deals in the digital twin market
- Which startups have raised the most funding in the digital twin market?
- How strong is fundraising in the digital twin market right now?
