Glasswing Leads $3.8M Seed Round in Basetwo to Empower Manufacturers with AI-powered Digital Twins

The demands for manufacturing output and the need for maximized efficiency are being felt in unparalleled strength, further catalyzed by the economic and societal implications of the COVID-19 pandemic. This effect is particularly strong in the pharmaceutical manufacturing space, where innovation in drug discovery and economic development internationally are fueling unparalleled demand for production. However, manufacturing optimization to meet this demand is done in a rudimentary manner that is inadequate for current and future needs. In the pharmaceutical space alone, ABI Research predicts that the industry will spend $4.5B in digital transformation by 2030.

To address this large and growing problem, the team of repeat founders and sophisticated technologists at Basetwo developed the first no-code platform for process and manufacturing engineers to build with physics-informed AI. The Basetwo AI Platform empowers engineers to rapidly troubleshoot and optimize their manufacturing plants using machine learning models, or “digital twins,” of production machines. The proprietary hybrid approach of coupling well-understood Ordinary Differential Equations (ODEs) associated with equipment behavior with neural nets brings explainability and user comfort to the cutting-edge solution in an industry ripe for disruption. Additionally, Basetwo’s no-code approach brings new and impactful capabilities within the manufacturing process in a format familiar to process engineers while leveraging automation and pre-built models to manage data pipelines, data transformation, and integrations.

Every investment begins with exceptional founders, and this team brings a potent combination of best-in-class AI prowess, product savvy, experience building and scaling companies, and a deep understanding of the target customer. I am proud Glasswing Ventures has led Basetwo’s $3.8M first round of capital with our friends at Argon Ventures and participation from Caffeinated Capital, Graphite Ventures, MaRs IAF, Pareto Holdings, Plug and Play, and Quiet Capital. Exceptional entrepreneurs and frontier technologists are the driving force of Glasswing, and we are thrilled to welcome Thouheed, Thamjeeth, Tawfeeq, Kiefer, and the Basetwo team to our family!

Click here to read the funding announcement.