Prevu3D Raises $10 Million US to Accelerate the Development and Deployment of Its Industrial Digital Twin Software Solution
Prevu3D, the industry-leading provider of 3D digital twin technology, today announced a funding round led by Cycle Capital, a leading growth stage climate tech venture capital firm, also includes funding from previous Prevu3D investors, Brightspark Ventures and Desjardins Capital.
MONTREAL, February 14, 2023 (Newswire.com) - Prevu3D, the industry-leading provider of 3D digital twin technology, today announced the closing of a $10 million US Series A funding round led by Cycle Capital.
"Prevu3D's team is building a unique digital solution that helps manufacturing and production facilities better manage and accurately plan out their industrial plant projects more seamlessly and cost-effectively," said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital. "We look forward to joining Brightspark Ventures and Desjardins Capital and supporting Prevu3D's product deployment into the industrial sector in the years ahead."
"The future is bright for this market, and the expectations for its growth over the next few years are massive. Prevu3D aims to lead the way and continue to work closely with industry leaders to drive efficiency and build applications to solve today's challenges and beyond," said Nicolas Morency, Prevu3D Founder and CEO. "We are extremely honored to welcome Cycle Capital to our group of investors who believe in our vision and will be there to help us make it a reality."
Prevu3D are experts in the creation of functional digital twins, developing advanced software tools that facilitate better management of industrial installations. This reduces risks and delays in engineering projects, by documenting factory infrastructure with the highest precision and improving communication and collaboration between stakeholders.
About Cycle Capital
Cycle Capital is a leading private ClimateTech venture capital investment platform with offices in North America, Europe and Asia.
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