Twyn, a Deeptech Startup, Secures $1.25 Million Funding from JIIF, ah! Ventures, and HEM Angels

• ByStartupStory     |    November 30, 2023

Phygital twin deeptech startup Twyn has successfully raised $1.25 million in a pre-Series A funding round, spearheaded by JITO Incubation and Innovation Foundation (JIIF) and ah! Ventures. Notable investors such as HEM Angels, Bestvantage, and Beej Network also participated in this round.

Twyn stands out for its provision of innovative solutions to large manufacturers and Original Equipment Manufacturers (OEMs), catering to industries spanning auto, oil and gas, steel, pharmaceuticals, FMCGs, and smart city projects. The platform specializes in deploying high-fidelity digital twins, offering a live and interconnected replica of physical assets and environments.

The distinct feature of Twyn’s technology lies in its creation of phygital twins, which replicate a live, connected version of physical assets and environments. Moreover, it seamlessly integrates

insights from the digital twin into the physical environment, enabling on-ground optimization of machinery, inventory, and human resources for manufacturers.

With the freshly secured capital, Twyn has set its sights on expansion, particularly across auto, petrochemicals, and steel hubs in the Middle East and Europe. Additionally, the startup intends to bolster its leadership teams in both India and Dubai, aiming to fortify its growth strategies and facilitate market expansion. Founded by Avi Dahiya, Twyn embarked on its journey in 2021 and was incubated at the Dubai Internet City.

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