Akselos Delivers On The Promise Of Digital Twins For Industrial Assets
Dennis Callaghan
Access this research
Access all Asset Performance Management Software content with a strategic subscription or buy this single report
Need help or have a question about this report? Contact us for assistance
Executive Summary
This report forms one in a series covering the digital twin software market which is beginning to gain traction as a new category of technology investment. One of the more innovative startups in this space is Akselos. The firm was founded in 2012 and launched its product in 2018. Akselos has raised more than $12 million in funding from public and private sources to build a digital twin platform based on the patented Reduced Basis Finite Element Analysis (RB-FEA) algorithm. Akselos claims that RB-FEA scales better than traditional FEA, enabling the creation of digital twins for larger assets. Akselos targets the upstream energy and offshore wind industries, particularly firms looking to safely keep aging equipment in the field longer by getting ahead of maintenance issues before they become major problems. Verdantix recommends that customers in these industries that are looking to embrace Industry 4.0 practices should test out the Akselos digital twin.The Akselos Product Architecture Is Designed To Quickly Produce Digital Twins Of Complex Assets
Firms Seeking To Extend The Life Of Their Industrial Assets Should Turn To Akselos
About the Author
Dennis Callaghan
Principal Analyst
Dennis is a Principal Analyst at Verdantix, contributing to both the Operational Excellence and Smart Buildings practices. His current research agenda focuses on covering...
Other related content
Industrial leaders face increasing pressure to allocate limited budgets effectively while delivering tangible results across operations, maintenance, and production. This webinar w...
Upcoming / 09 April, 2026
Industrial firms around the world are being hammered by operational dislocations and disruptions. Labour shortages, supply chain chokepoints, fast-changing import tariffs, rapid sh...
Upcoming / 25 March, 2026
At the beginning of February, the DTECH International conference in San Diego brought together utility executives, technology providers and system integrators from across the globa...
12 February, 2026
Labour and skills shortages have shifted from a cyclical concern to a structural constraint for industrial firms globally. Across manufacturing, energy, utilities and process indus...
12 February, 2026
Industrial firms are rethinking their approach to process safety management (PSM) software. The Verdantix global survey of senior professionals reveals how buyers perceive leadin...
05 February, 2026
As firms move into 2026, industrial technology carries real momentum against a backdrop of supply chain uncertainty and geopolitical noise. This landscape has made industrial agili...
05 February, 2026