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COINTURK FINANCE > Business > Scenexus Secures €1.6M to Advance Urban Planning Software
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Scenexus Secures €1.6M to Advance Urban Planning Software

Overview

  • Scenexus launches urban planning software and raises €1.6M from LUMO Labs.

  • The platform uses digital twin technology to simulate urban development impacts.

  • Support from TNO and LUMO Labs underscores its potential for global scalability.

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The Dutch startup Scenexus, founded in 2024, is taking a significant step in urban planning with its sophisticated Software-as-a-Service (SaaS) platform. Recently launched in collaboration with the independent research organization TNO, the company garnered €1.6 million in funding from Eindhoven-based venture capital firm LUMO Labs. By leveraging digital twin technology, Scenexus aims to address complex urban challenges, offering solutions to improve decision-making processes for cities worldwide. This strategic partnership underscores the growing importance of innovative tools in shaping sustainable urban development.

Contents
How does Scenexus tackle urban challenges?What role do TNO and LUMO Labs play in this initiative?

How does Scenexus tackle urban challenges?

Scenexus utilizes digital twin technology to create virtual replicas of cities or regions by integrating multiple datasets. This approach enables urban planners, engineers, and decision-makers to simulate and evaluate the impacts of projects in just minutes, significantly reducing planning timelines. By employing GPU-based algorithms, the platform processes thousands of calculations simultaneously, delivering results reportedly up to 1,000 times faster than conventional methods. Cities such as Amsterdam, San Diego, Singapore, and Breda already use this technology to address challenges like congestion, housing shortages, and environmental concerns.

The software also evaluates multifaceted factors such as traffic, livability, safety, financial risks, greenhouse gas emissions, and citizen well-being. This data-driven approach allows municipalities to foresee potential challenges and optimize urban development strategies, enhancing the overall efficiency of city management. Co-founder and CEO Jeroen Borst expressed their commitment to reshaping urban planning, stating,

“Our vision is to empower cities globally with our digital twin technology, enabling them to anticipate and shape the future of urban development, ensuring sustainable and vibrant communities for generations to come.”

What role do TNO and LUMO Labs play in this initiative?

TNO, as the originator of Scenexus, continues to play an instrumental role by infusing applied science into the startup’s operations. Tjark Tjin-A-Tsoi, CEO of TNO, remarked,

“Scenexus, a TNO spin-off, exemplifies our mission to pioneer breakthrough technologies that tackle society’s most urgent challenges.”

Meanwhile, LUMO Labs, through its newly established €100M LUMO Rise Fund, provided the financial resources to support the rollout of Scenexus. Sven Bakkes, Founding Partner at LUMO Labs, highlighted the strategic alignment, stating,

“We are very happy to be joining forces with TNO on this co-investment and support Scenexus going forward with the roll-out of their software platform.”

LUMO Labs focuses on startups that address pressing social and environmental challenges, particularly those aligned with the UN Sustainable Development Goals. Their active involvement further exemplifies the growing trend of venture capital firms investing in technology-driven urban solutions.

Similar digital twin technologies have been introduced by other global initiatives in recent years, yet Scenexus claims to distinguish itself with its high-speed computational capabilities and multifactorial analysis. Past implementations by cities like Singapore have demonstrated the potential of such tools to streamline urban planning and optimize resource allocation. However, Scenexus emphasizes scalability and accessibility for a broader range of cities.

Urban planning software powered by digital twins is proving to be a critical asset for cities aiming to tackle modern challenges. Scenexus’ approach, which combines thorough data analysis and swift computational capacities, highlights the growing demand for innovative tools. For city planners, this means the ability to save time and resources while proactively addressing potential issues. Though competition exists in this sector, Scenexus appears well-positioned thanks to its partnership with TNO and financial backing from LUMO Labs.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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