Accenture Invests in Cosmo Tech

Accenture has made a strategic investment in Cosmo Tech, a global provider of digital twin simulation and optimization technology. The agreement, through Accenture Ventures, took place during the first phase of the company´s Series C fundraising.

Cosmo Tech’s 360˚ Simulation Digital Twin platform allows organizations to explore and test business changes in order to see the potential immediate and long-term impact. The cloud-native platform uses data from current systems to test an unlimited number of scenarios and automatically find the optimal action plan.

Accenture Logo

This enables organizations to more easily and quickly find new ways to achieve goals including cost reduction, improved resiliency and efficiency, and lessening environmental impact. Founded in 2010, Cosmo Tech’s solutions have helped asset-intensive organizations increase profit by 5% across complex supply chains, and cut capital and operating expenses by 10-15%.

“Accenture and Cosmo Tech’s partnership is built on a common vision of enterprise reinvention by using data and technology to create new ways to engage with customers and build new opportunities for growth,” said Tom Lounibos, managing director, Accenture Ventures. “Accenture’s reach and capabilities will extend Cosmo Tech’s digital twin simulation technology to our clients across the world, helping them to optimize planning and become more resilient.”

“We are thrilled to welcome Accenture Ventures as investors in Cosmo Tech,” added Hugues de Bantel, co-founder and CEO of Cosmo Tech. “Their vote of confidence in Cosmo Tech and our game-changing simulation digital twin technology will support our efforts to help organizations across multiple industries shape their future and make the best choices to meet their profitability, productivity and sustainability goals in an uncertain time.”

Michel Morvan, co-founder and Executive Chairman, Cosmo Tech, said: “Digital twin simulation technology brings a new way for organizations to understand and manage complex supply chain operations. We look forward to working with Accenture Ventures to empower organizations to become agile drivers of change and to lead with confidence.”

This investment is part of Accenture Venture’s Project Spotlight, an engagement and investment program that targets emerging technology software companies that can help fill strategic innovation gaps for the Global 2000. In addition to capital investments, Accenture Venture’s Project Spotlight offers unprecedented access to Accenture’s technology domain expertise and its enterprise clients. Technology companies co-innovate with Accenture at its Innovation Hubs, Labs and Liquid Studios, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively.

ChannelDrive Bureau
ChannelDrive Bureau covers the latest developments in the space of ICT, technology, solutions and implementations and delivers content focused around solution providers, system integrators, distributors and technology partner community in India. ChannelDrive Bureau is headed by Zia Askari. He can be reached at

Recent Articles

Barco powers sound & light show at Nathdwara ‘Statue of Belief’

Barco, a global enabler in projection mapping and visualization technologies, has powered the spectacular projection mapping on the ‘Statue of Belief’, or ‘Vishwas Swaroopam’...

Gizmore partners with Optiemus to manufacture smartwatches in India

Gizmore, India’s Smart Accessories, Fitness Gear, and Home Audio brands, plans to sell over 1.5 million smartwatches in 2023-24 and capture a 5% market...

Tablet shipments grew in Q4 despite challenges: Canalys

The latest Canalys data shows that worldwide PC (including tablet) shipments fell 21% year on year in Q4 2022, to 105.6 million units. This...

Orica Taps Cognizant to Drive ESG Data Strategy

Cognizant has extended its relationship with Orica, a manufacturer of commercial explosives and innovative blasting systems, to deliver an ESG data strategy and a...

Fujitsu Unveils New Platform to Support Web3 Developers

Fujitsu has launched its "Fujitsu Web3 Acceleration Platform," offering a developmental environment as well as various service APIs based on blockchain and high-performance computing...

Related Stories

Stay on op - Get the daily news in your inbox