In a significant stride towards advancing its revolutionary phygital twin technology, Twyn, the deep tech startup, has successfully raised $1.25 million in a pre-series A funding round. The funding was spearheaded by JITO Incubation and Innovation Foundation (JIIF) and ah! Ventures, with noteworthy participation from prominent investors such as HEM Angels, Bestvantage, and Beej Network.
The infusion of funds is earmarked for Twyn’s strategic expansion plans, particularly in the Middle East and Europe’s auto, petrochemicals, and steel sectors. Additionally, the startup is set to fortify its leadership teams in India and Dubai, a move designed to bolster its growth trajectory and facilitate broader market outreach.
Founded by Avi Dahiye, Twyn stands at the forefront of empowering enterprises in diverse industries, including auto, oil and gas, steel, pharmaceuticals, FMCGs, and smart city projects. The company specializes in creating high-fidelity digital twins, seamlessly merging the virtual and physical realms. What sets Twyn apart is its innovative approach, allowing insights from the digital twin to influence and optimize on-ground operations related to machinery, inventory, and human resources for manufacturers.
Twyn’s portfolio boasts an impressive array of clients, including industry giants such as HP, Samsung, Panasonic, P&G, Uno Minda, and JBM Group. The startup’s transformative technology has positioned it as a key player in the rapidly evolving landscape of phygital twin solutions.
With this recent injection of capital, Twyn is well-poised to solidify its position as a leader in the field, pioneering advancements in the convergence of digital and physical worlds. As the company sets its sights on global expansion, the funding round signifies a resounding vote of confidence from investors in Twyn’s innovative approach to enhancing efficiency and operational excellence across industries.
