Mitsubishi Electric has invested in RealTime Robotics, leading its series B funding round. The leading automotive company looks to use the investment to advance its digital twin initiatives.
As the RealTime Robotics press release reported, Mitsubishi Electric looks to utilize RealTime Robotics motion planning technology in 3D simulations to create digital twins. In the long run, Mitsubishi Electric wants to use these digital twins in manufacturing and incorporate the technology into the automation of factories.
Mitsubishi Electric also secured a spot on the RealTime board of directors, assisting in the company’s development. Considering their support for the company’s series A round in 2019, Mitsubishi Electric’s investment is unsurprising. Likewise, with other competitors already utilizing digital twins to optimize their operations, Mitsubishi wants to stay ahead of this trend by investing in digital twin technology.
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