Phygital Twin DeepTech Twyn Raises $1.25 million from JIIF, ah! Ventures, HEM Angels

Updated on: 2 December 2023 1:29 am

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Twyn, a phygital twin DeepTech powering large manufacturers and OEMs to enable smart manufacturing, has secured $1.25 million in funding in a pre-series A round, led by JITO Incubation and Innovation Foundation (JIIF) and ah! Ventures. Other marquee investors, include HEM Angels, Bestvantage, and Beej Network. The platform powers enterprises across Auto, Oil and Gas, Steel, Pharmaceuticals, FMCGs as well as smart city projects to deploy high-fidelity digital twins.

The start-up claimed that its platform is unique as it creates phygital twins that not only replicate a live and connected version of the physical asset and environment, but also bring back insights from the digital twin to the physical environment for on-ground optimisation of machinery, inventory, and human resources for the manufacturers.

It aims to deploy fresh capital to expand across auto, petrochemicals, and steel hubs in the Middle East and Europe. In addition, it will be strengthening its leadership team in India and Dubai, to support its growth plans and market expansion.

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Founded by Avi Dahiya, Twyn has been under gestation since 2021. Twyn is the only Indian DeepTech that is being incubated at the Dubai Internet City, indicating a growing appetite for automation in manufacturing across the Middle East that has heavy dominance of Oil and Gas, Auto, and Steel businesses.

Twyn Founder and CEO Avi 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 on and expedite their digital transformation in the shortest possible time. We are extremely grateful to our investors for believing in our efforts over the years and in supporting us for the next stage of growth.”

Twyn’s enterprise SaaS solution is an intersection of blockchain, AI, metaverse, IIoT, and 3D printing. Digital Twins are virtual replicas of an existing physical asset which can range from offline formats to real-time versions as well as 2D formats to the most advanced immersive models that deploy a mix of Augmented Reality and virtual Reality among others.