Thursday, April 18, 2024
HomeFunding London-based Didimi Secures €880k in Pre-Seed Funding

[Funding alert] London-based Didimi Secures €880k in Pre-Seed Funding

London-based Didimi secures €880k in pre-seed funding.The top deep tech venture capital firm, Creator Fund, is leading the round.

London-based Didimi secures €880k in pre-seed funding.The top deep tech venture capital firm, Creator Fund, is leading the round.

Its B2B product offering will be expanded into the construction information management industry with the help of the new funding.

Read also – Copenhagen-based Pluto.markets Secures €2.4 Million in Funding

Dr. Kyriakos D. Kantarakias and Alexander Gillies, two former Palantir engineers, along with Ioannis Brilakis, the Laing O’Rourke Professor of Civil and Information Engineering at the University of Cambridge, developed Didimi.

Dr. Kyriakos D. Kantarakias, Founder and CEO of Didimi, said: “Our mission at Didimi is to transform the way information is exchanged and managed across construction stakeholders. When architects and engineers exchange models in the current format, huge information loss occurs due to the fundamental interoperability problems in the industry, leading to time waste and mistakes. The Didimi platform is our ambitious answer to this problem. We are extremely grateful to have found the right investors that can back us in this vision and help us change these antiquated practices in the industry.”

Engineers and designers of all disciplines may quickly and easily interchange construction models in any format without worrying about data loss thanks to the Didimi platform. Regardless of the tool used to develop it, any design software can access, read, and update data from the shared models.

Read also – Stockholm-based MANTLE Raises over €2.8 Million in Funding

Jamie Macfarlane, Founder and CEO of Creator Fund, added: “At Creator Fund we believe in backing PhD and academic founders from day 1. We have known Kyriakos for a number of years and are thrilled to now lead Didimi’s pre-seed. Didimi’s team combines Kyriako’s and Alex’s ambition and talent and Prof. Brilakis’s world renowned expertise in the digital twin space. Their partnership with Cambridge University’s Digital Roads of the Future initiative provides a unique entry point to transform construction workflows as we know them.”

Prof. Ioannis Brilakis, Chief Scientist and Chairman of Didimi, further commented: “There are over 266 talking shops in the UK’s construction industry; a world record. A lot of talking, but not enough doing. At Cambridge, our ethos is that we can’t expect an industry of 2% profit margins to innovate for us; we have to step up to the plate and do it ourselves. I am proud to work side by side with Kyriakos and Alex to make the full potential of digital twins a reality for the construction industry. Our dynamic graph solution, able to link existing sources of information with an ever growing array of authoring tools, is the first to offer lossless interoperability as a service to the sector, and sets the scene for dependable twin systems for the built environment.”

About Didimi

Didimi is an information management and digital twins platform designed for the construction sector. Their team of globally recognized professionals is creating a platform that can produce Digital Twins and make data from commercial software providers in the construction sector compatible.

Read also – Vilnius-based Axiology Secures €2 Million in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular