Phygital twin deeptech startup Twyn has raised $1.25 million 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.
According to Twyn, the funds will be used to expand across auto, petrochemicals and steel hubs in the Middle East and Europe. In addition, the startup will be strengthening its leadership team in India and in Dubai, to support its growth plans and market expansion.
Founded by Avi Dahiye, Twyn powers enterprises across auto, oil and gas, steel, pharmaceuticals, FMCGs as well as smart city projects to deploy high-fidelity digital twins.
The Noida-based startup creates phygital twins that also brings back insights from the digital twin to the physical environment for on-ground optimization of machinery, inventory, and human resources for the manufacturers.
Twyn’s clients include HP, Samsung, Panasonic, P&G, Uno Minda and JBM Group, among others.