What is Akselos?
Founded in 2012, Akselos provides a proprietary engineering simulation platform that enables the creation of digital twins for large-scale assets. The company's technology is uniquely positioned to address the complexities of structural integrity management, allowing operators to predict maintenance needs and extend the operational lifespan of critical infrastructure. By bridging the gap between physical assets and virtual modeling, Akselos serves as a vital component in the digital transformation of heavy industries, including offshore wind, oil and gas, and maritime sectors. Its market position is defined by its ability to process massive datasets with unprecedented speed, providing actionable insights that reduce downtime and operational risk.
How much funding has Akselos raised?
Akselos has raised a total of $28.7M across 3 funding rounds:
Private Equity
$2.2M
Unspecified
$10M
Unspecified
$16.5M
Private Equity (2016): $2.2M with participation from Forticap
Unspecified (2018): $10M led by Shell Ventures and Innogy Ventures
Unspecified (2022): $16.5M supported by Japan Energy Fund, Shell, AT Capital, and Future Energy Ventures
Key Investors in Akselos
Shell
A global energy and petrochemicals leader focused on oil, gas, and lower-carbon energy solutions, including hydrogen and carbon capture.
Japan Energy Fund
A specialized investment vehicle backed by Japanese corporations, targeting innovative technologies that support decarbonization and sustainable energy goals.
Innogy Ventures
The venture capital arm of the German energy group E.ON, focusing on innovative energy solutions and digital infrastructure.
What's next for Akselos?
With the recent infusion of capital, Akselos is well-positioned to accelerate its expansion into global markets, particularly those prioritizing decarbonization and sustainable energy infrastructure. The company is expected to focus on scaling its software-as-a-service (SaaS) capabilities, enhancing its predictive maintenance algorithms, and deepening its integration with industrial IoT ecosystems. As the demand for real-time asset monitoring grows, Akselos will likely leverage its strategic partnerships with energy majors to solidify its role as the standard for structural health monitoring, ultimately driving efficiency and safety across the global energy value chain.
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