NEWTWEN Overview

  • Year Founded
  • 2020

Year Founded

  • Status
  • Private

  • Employees
  • 23

Employees

  • Latest Deal Type
  • Series A

  • Latest Deal Amount
  • $7.66M

  • Investors
  • 9

NEWTWEN General Information

Description

Developer of a software technology platform designed to democratize advanced digital twins for the electrical drive and the automation industry. The company's platform allows for automatic generation of digital twin procedures without requiring specialized users for electrical drive simulations to fully automate the development process of digital twins for electrical machines, enabling clients to reduce the time involved in creating better models and improving production and performance.

Contact Information

Website
www.newtwen.com
Formerly Known As
Hexadrive Engineering
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Via Niccolò Tommaseo, 77
  • 35131 Padua
  • Italy
+39 347
Primary Industry
Software Development Applications
Other Industries
Business/Productivity Software
Vertical(s)
SaaS
Corporate Office
  • Via Niccolò Tommaseo, 77
  • 35131 Padua
  • Italy
+39 347

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NEWTWEN Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Early Stage VC (Series A) 26-May-2023 $7.66M Completed Generating Revenue
5. Seed Round 01-Jan-2022 Completed Generating Revenue
4. Accelerator/Incubator 01-Oct-2021 Completed Startup
3. Accelerator/Incubator 06-Apr-2021 Completed Startup
2. Seed Round 01-Jul-2020 Completed Startup
1. Accelerator/Incubator Completed Startup
To view NEWTWEN’s complete valuation and funding history, request access »

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NEWTWEN Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a software technology platform designed to democratize advanced digital twins for the electrical drive and
Software Development Applications
Padua, Italy
23 As of 2026

Madison, WI
 

Utrecht, Netherlands
 
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NEWTWEN Competitors (18)

One of NEWTWEN’s 18 competitors is Convergent Science, a Private Debt Financed company based in Madison, WI.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Convergent Science Private Debt Financed Madison, WI
INCONTROL Simulation Software Corporation Utrecht, Netherlands
Rescale Venture Capital-Backed San Francisco, CA
Dassault Systemes Corporation Vélizy-Villacoublay, France
SmartUQ Venture Capital-Backed Madison, WI
You’re viewing 5 of 18 competitors. Get the full list »

NEWTWEN Patents

  • 1

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

NEWTWEN Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
WO-2023139619-A1 Improved virtual monitoring and simulation method of an electric machine Inactive 19-Jan-2022

NEWTWEN Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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NEWTWEN Investors (9)

Investor Name Investor Type Holding Investor Since Participating Rounds
360 Capital Venture Capital Minority
CDP Venture Capital (Rome) Venture Capital Minority
Join Capital Venture Capital Minority
Obloo Ventures Asset Manager Minority
Plug and Play Accelerator/Incubator Minority
You’re viewing 5 of 9 investors. Get the full list »

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NEWTWEN FAQs

  • When was NEWTWEN founded?

    NEWTWEN was founded in 2020.

  • Where is NEWTWEN headquartered?

    NEWTWEN is headquartered in Padua, Italy.

  • What is the size of NEWTWEN?

    NEWTWEN has 23 total employees.

  • What industry is NEWTWEN in?

    NEWTWEN’s primary industry is Software Development Applications.

  • Is NEWTWEN a private or public company?

    NEWTWEN is a Private company.

  • What is the current valuation of NEWTWEN?

    The current valuation of NEWTWEN is .

  • What is NEWTWEN’s current revenue?

    The current revenue for NEWTWEN is .

  • How much funding has NEWTWEN raised over time?

    NEWTWEN has raised $9.9M.

  • Who are NEWTWEN’s investors?

    360 Capital, CDP Venture Capital (Rome), Join Capital, Obloo Ventures, and Plug and Play are 5 of 9 investors who have invested in NEWTWEN.

  • Who are NEWTWEN’s competitors?

    Convergent Science, INCONTROL Simulation Software, Rescale, Dassault Systemes, and SmartUQ are some of the 18 competitors of NEWTWEN.

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