Tech startup Twyn has successfully raised $1.25 million in a pre-series A funding round. The investment, led by JITO Incubation and Innovation Foundation (JIIF) and ah! Ventures, with participation from HEM Angels, Bestvantage, and Beej Network, positions Twyn for substantial expansion into the Middle East and Europe.
Phygital Twins Redefining Industry Norms
Founded by Avi Dahiye, Twyn has emerged as a trailblazer in the development of phygital twin technology, seamlessly merging the digital and physical realms. These advanced digital replicas go beyond mere representation, bringing actionable insights back to the physical environment. The result is a paradigm shift in optimizing machinery, inventory, and human resources for enterprises spanning auto, oil and gas, steel, pharmaceuticals, FMCGs, and smart city projects.
Strategic Allocation of Funds
The freshly infused capital will play a pivotal role in Twyn’s ambitious plans for growth and market expansion. With a keen focus on the auto, petrochemicals, and steel hubs in the Middle East and Europe, Twyn aims to solidify its position as a key player in these critical sectors. A substantial portion of the funds will also be directed towards strengthening leadership teams in India and Dubai, ensuring the organizational resilience required for successful execution of their vision.
Impressive Clientele and Industry Recognition
Twyn’s success is underscored by its impressive clientele, boasting names like HP, Samsung, Panasonic, P&G, Uno Minda, and JBM Group. The startup’s ability to cater to diverse industries showcases the versatility and scalability of its phygital twin technology. Marquee investors such as HEM Angels, Bestvantage, and Beej Network further validate Twyn’s potential and position the startup for continued success in the competitive deeptech landscape.
Navigating the Future with Innovation
As Twyn charts its course for growth, the startup envisions not only geographical expansion but a deepening impact within existing industries. The infusion of funds will be instrumental in scaling operations, intensifying research and development efforts, and fortifying market penetration strategies. Twyn remains committed to staying at the forefront of innovation, pushing the boundaries of what is possible with its cutting-edge technology.
Continued Success on the Horizon
Twyn’s successful $1.25 million funding round signifies a significant milestone in its journey, underlining its commitment to redefining how businesses approach digital transformation and optimization in the physical realm. With the backing of seasoned investors and a focus on pioneering technology, Twyn is poised for continued success in reshaping industry norms and driving forward the era of phygital twins.
