ReStudio raises US$1.4 million to scale digital twin tech to Chile’s mines

Contxto – Chilean ReStudio is venturing into two new areas with its 3D and digital twin tech. Thanks to the startup recently wrapping up its Series A for US$1.4 million, it will launch its portfolio of products into the mining industry as well as for public infrastructure projects.

ChileGlobal Ventures and the Fondo Sudamerik procured the funds. Consequently, ReStudio a startup specializing in digital twin technology—or a virtual replica of a physical asset—, will be busy in the upcoming months. 

Besides further developing its tech, it already has some projects lined up with the Codelco, a state-owned copper mining company in Chile. 

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Growing demand, growing risks

When it comes to copper, Chile is the world’s #1 producer. 

But, to defend that title companies certainly need to do a lot of tunneling. That brings about the risk of collapse if structures aren’t set up and consistently monitored.

To avoid such a disastrous scenario, stakeholders send specialized personnel on a scheduled basis to inspect these areas. 

This type of approach is also used to oversee public infrastructure, such as bridges or street tunnels.

Evidently, it can be risky for the maintenance crews. Plus, it doesn’t guarantee that a structural risk will be identified on time. Not to mention that it costs stakeholders further to pay someone to personally go and carry out these inspections.

And even after all of that’s been said and done, human error or inadequate maintenance can still spell disaster.

But innovative approaches like that which ReStudio is developing is helping change the industry.

ReStudio and digital twin technology

Digital twin technology can help companies and governments keep tabs on risks.

For example, by using sensors located across a large bridge, engineers can track its lifecycle and identify changes that may hint at weaknesses.

It can also be applied in predictive modelling. By running simulations through the software, decision makers can identify the best course of action to mitigate a risk that’s already been identified.

When it comes to mining or public infrastructure, where lives and millions of dollars in damages are on the line, stakeholders are catching onto the importance of innovation to keep operations running smoothly (and safely) for everyone.

Related articles: Tech and startups from Chile!

-ML