JIIF, ah! Ventures, HEM Angels led $1.25 M funding secured by phygital twin deeptech Twyn

Leading a pre-series A round led by JITO Incubation and Innovation Foundation (JIIF) and ah! Ventures, the phygital twin deeptech startup Twyn has raised $1.25 million. Beej Network, Bestvantage, and HEM Angels are a few more well-known investors.

Twyn states that the money will be utilized to grow throughout the Middle East and Europe’s steel, petrochemical, and automotive hubs. Furthermore, the startup intends to bolster its leadership team in India and Dubai in order to facilitate its growth objectives and market expansion.

Twyn was founded by Avi Dahiye and provides high-fidelity digital twins to businesses in the automotive, oil and gas, steel, pharmaceutical, FMCG, and smart city sectors.

The startup from Noida builds phygital twins and uses data from the digital twin to optimize the physical world for manufacturers by optimizing their inventory, human resources, and machinery.

Among Twyn’s clientele are Uno Minda, P&G, HP, Samsung, Panasonic, and JBM Group.