CAEmate, a Bolzano, Italy based provider of a cloud-based software platform to create digital twins to monitor physical infrastructures, raised €3m in first funding.
Backers included CDP Venture Capital, 360 Capital, Marco Carlini and Matti Kuivalainen. The company intends to use the funds to expand operations and its business reach across Europe. Founded by Massimo Penasa and Matteo Penasa, CAEmate provides WeStatiX SHM, a cloud based software platform to monitor infrastuctures suchg as buildings, bridges, wind towers, tunnels and galleries, which enables users to make exact predictions of their state and future behaviour to make them safer and more stable. The company was incubated within NOI Techpark. 11/12/2023
