Tencent and Sistema_VC Invest $10M in SenSat

SenSat, the UK company using artificial intelligence to unlock value in the Infrastructure industry, by using digital representations of real world locations, announced a $10 million Series A funding round, led by Tencent, with participation from Sistema Venture Capital.

SenSat creates digital representations of real world locations – otherwise known as digital twins – infusing real time data sets from a variety of sources. The result is an accurate, digital and up-to-date copy of the real world in a machine-readable format. This enables offline industries, such as Infrastructure, to make more informed decisions and accurate analysis, driving vast improvements in safety, cost-efficiency, waste generation, project collaboration, and carbon reduction.

“If you could digitise whole, real-world locations, you’d automatically improve the planning for big infrastructure projects that require buildings, bridges tunnels and the like. Some $94 trillion in infrastructure investment is required by 2040 globally to sustain global growth predictions, yet infrastructure is one of the least digitised sectors in the global economy”.

“SenSat, a U.K.-based company developing a platform that uses mapping drones to produce engineering grade survey data, raised $10 million in Series A funding. Tencent led the round, and was joined by investors including Sistema Venture Capital”.

“SenSat says that its technology was used by Murphy Grid on a National Grid project to digitise a 52km underground transmission line in the Triton Knoll offshore wind farm project”.

James Dean

Co-Founder and CEO of SenSat

SenSat has a simple but profound goal: to build the third platform, an intelligent eco-system that translates the real world into a version understandable to AI. This technology will help us to build a more sustainable future, using the wealth of new insight to help humans make better decisions. Our plan is to first focus on perfecting our human controlled digital twin technology, so we can help to transform the way we deliver Infrastructure.

SenSat has a simple but profound goal: to build the third platform, an intelligent eco-system that translates the real world into a version understandable to AI. This technology will help us to build a more sustainable future, using the wealth of new insight to help humans make better decisions. Our plan is to first focus on perfecting our human controlled digital twin technology, so we can help to transform the way we deliver Infrastructure.