Willow, a Sydney, Australia-based provider of digital twin solutions for critical infrastructure and real estate, announced that it completed a $28.8 million (A$42 million) funding round.
Willow’s existing shareholders who participated in the round included Willow Chairman and Director Nicholas Moore, the former CEO of Macquarie Group, Jim Cooney, Chairman of TCI Renewables and a Director of Willow, and Ric Clark, the former CEO of Brookfield Properties.
Finalized in December, the round will enable the ongoing deployment of Willow’s software, WillowTwin™ to its blue-chip customer base.
Joshua Ridley, co-founder and CEO, said, “Digital twins have many applications, but this is a time for sharp focus on where we are uniquely positioned to win.”
Its institutional investors include Perennial Value Management, VGI Partners, and the CIA-backed US fund In-Q-Tel.
Willow’s Enterprise SaaS product, WillowTwin™ assembles and structures data across static, spatial, and live data sources into a virtual replica of the built form. The platform provides a single interface, allowing actionable insights for all asset data spanning multiple business functions and project stages.
The company has deployed its technology with world-class companies including Microsoft, Dallas/Forth Worth International Airport, and Brookfield Properties.
Company: Willow Technology Corporation Pty Limited
Funding Month: December 2022
Additional Investors: Nicholas Moore, Jim Cooney, and Ric Clark
Company Website: https://www.willowinc.com/
Software Category: Digital Twin Platform
About the Company: Willow is a provider of a SaaS and AI-driven digital twin platform for commercial spaces. The company enables its users to make proactive, data-led decisions in real-time to grow profits, reduce expenses, and better manage risk. It offers services such as project designing, 3D model creation, digital engineering, maintenance manuals with sensor IoT data, creating smart building features, and more. The solution enables users to perform predictive maintenance, track maintenance requests, get access to energy consumption data, analyze it, and more. It also offers community management solutions such as booking common facilities, inventory management, sending notifications, tracking and responding to tenant requests, and emergency management, among others. Willow is a global technology company working within the real estate and infrastructure industries, with offices in Sydney, Melbourne, Perth, Seattle, New York, London, Manila, and Amersfoort.