Delhi NCR-based deep-tech enterprise SaaS startup, Twyn, has successfully raised $1.25 million in pre-Series A funding. The funding round was led by JITO Incubation & Innovation Foundation, and saw participation from HEM Angels, Bestvantage Investments, and Beej Network. Twyn aims to utilize this fresh capital to further develop and offer its cutting-edge solutions to industries such as auto, petrochemicals, and steel. Additionally, the startup plans to extend its footprint into the Middle East and European regions.
Transforming Manufacturing with Technology
Founded in 2021 by Avi Dahiya, Twyn specializes in leveraging emerging technologies, particularly artificial intelligence and spatial computing, to create extended reality-based digital twins for manufacturing units. The resulting "phygital twins" are designed to replicate live and connected versions of physical assets and environments.
The innovative solution enables manufacturers to gain insights from the digital twin and apply them to optimize on-ground machinery, inventory, and human resources. This transformative approach allows enterprises to remotely monitor and manage their factory floors, leading to the evolution of traditional manufacturing units into smart factories.
Strategic Expansion and Market Focus
Twyn's strategic vision involves deploying its solutions across key industry hubs such as auto, petrochemicals, and steel, with a strong focus on expanding its presence in the Middle East and European regions. The funding injection will also be directed towards strengthening the leadership teams in India and Dubai, ensuring the necessary support for the startup's ambitious growth plans and market expansion.
Impressive Clientele and Industry Recognition
Twyn boasts an impressive clientele spanning various industries, including auto, oil and gas, steel, pharmaceuticals, and FMCG. The startup has also made strides in providing solutions for real estate companies involved in smart city projects. Notable clients include industry giants like HP, Samsung, Panasonic, P&G, Uno Minda, and JBM Group.
Bestvantage Investments' Strategic Embrace
One noteworthy highlight of Twyn's funding round is the strategic participation of Bestvantage Investments. Their involvement underscores the recognition and confidence placed in Twyn's potential to revolutionize manufacturing through the creation of smart factories.
With the fresh capital infusion, Twyn is poised to drive innovation in manufacturing by facilitating the transition to smart factories. The strategic expansion plans, coupled with the backing of prominent investors like Bestvantage Investments, position Twyn as a key player in the evolution of the manufacturing landscape towards a more connected and intelligent future.