Twyn, a deeptech-enterprise-SaaS-startup, has secured pre-Series A funding of $1.25 million led by JITO Incubation & Innovation Foundation. Bestvantage, Beej Network, and HEM Angels have also participated in the funding.
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Twyn plans to use the funds to expand its operations in the Middle East and Europe and provide its solution to steel, petrochemical and automotive hubs. In order to assist with its growth objectives and market expansion, it also intends to bolster the management team in Dubai and India.
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According to Twyn, its customers come from the FMCG, steel, oil and gas, automotive and pharmaceutical industries. In addition, the startup serves real estate firms working on smart city initiatives.
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Founder and CEO Dahiya said,“There is also a concerted effort by large manufacturers and OEMs to adapt to Industry 4.0 where the role of artificial intelligence, robotics and immersive reality is far more pronounced than earlier times. This puts us in a great position of strength as Twyn is offering the most advanced technology for phygital twins that can power manufacturers to embark and expedite their digital transformation in the shortest possible time”.
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About Twyn
Twyn is India’s leading DeepTech-Enterprise-SaaS-Startup, leveraging emerging technologies like Artificial Intelligence and Spatial Computing to create XR-based Digital Twins for smart factories. Twyn, headquartered in Dubai, with a Center of Excellence in the National Capital Region of Delhi, with clients from across the Globe.
