Accenture makes strategic investment in optimization technology firm Cosmo Tech

Accenture has made a strategic investment in Cosmo Tech, "a global provider of digital twin simulation and optimization technology," said the company in a statement. The agreement, through Accenture Ventures, took place during the first phase of the company’s Series C fundraising. Cosmo Tech’s 360 degrees Simulation Digital Twin platform allows organizations to explore and test business changes in order to see the potential immediate and long-term impact. The cloud-native platform uses data from current systems to test an unlimited number of scenarios and automatically find the optimal action plan. This enables organizations to more easily and quickly find new ways to achieve goals including cost reduction, improved resiliency and efficiency, and lessening environmental impact. Founded in 2010, Cosmo Tech’s solutions have helped asset-intensive organizations increase profit by 5% across complex supply chains, and cut capital and operating expenses by 10-15%.