Bizdateup, a platform that helps new-age entrepreneurs raise funds for their startups, has invested $235,000 in Noida-based deep-tech enterprise SaaS startup Twyn as part of its pre-Series A funding round.
Jeet Chandan, founder of Bizdateup Technologies, said, "Twyn's groundbreaking approach to phygital twin technology aligns seamlessly with our vision for industry transformation. We're not just investing in a company; we're investing in the future of industrial innovation."
Apart from Bizdateup, the round also saw participation from JITO Incubation & Innovation Foundation (JIIF) and ah! Ventures. Other notable investors, including HEM Angels, Bestvantage, and Beej Network, also joined the round.
Avi Dahiya, Founder of Twyn, said, "This funding marks a pivotal moment for Twyn. We are not just raising capital; we are gaining partners who believe in our vision of reshaping industries through advanced phygital twin technology."
Eyeing opportunities in the Middle East and Europe
Notably, The $235,000 investment from Bizdateup Technologies significantly boosted Twyn's financial backing. With the fresh capital, Twyn plans to expand its solution across various industries, including auto, petrochemicals, and steel, primarily focusing on the Middle East and European regions.
It also aims to strengthen its leadership teams in India and Dubai. The expansion is part of Twyn's strategy to support its growth plans and market expansion. The seamless integration of digital insights into the physical environment is a distinctive feature of Twyn's technology, enabling real-time optimization for manufacturers, the release notes.
What does Twyn do?
Twyn specializes in creating high-fidelity digital twins for manufacturing units. Founded in 2021 by Avi Dahiya, The startup's technology focuses on creating 'phygital' twins - a blend of physical and digital elements.
These twins replicate live and connected versions of the physical asset and environment and bring back insights from the digital twin to the physical environment for on-ground optimisation of machinery, inventory, and human resources for the manufacturers. This helps enterprises monitor their factory floors remotely, helping them transform their factories to smart factories.
What industries does Twyn serve?
Twyn's client base is diverse, spanning multiple sectors such as auto, oil and gas, steel, pharmaceuticals, FMCGs, and smart city projects. The startup's innovative solutions cater to large manufacturers and Original Equipment Manufacturers (OEMs), helping them in their digital transformation journey. Some of Twyn's notable clients include HP, Samsung, Panasonic, P&G, Uno Minda, and JBM Group.
Increase in AI and deeptech adoption
According to founder and CEO Avi Dahiya, the Indian manufacturers and OEMs are increasingly adopting artificial intelligence and deeptech for more efficient operations.
With the growing trend towards Industry 4.0, where artificial intelligence, robotics, and immersive reality play a significant role, Twyn said it aims to offer advanced technology solutions. These solutions are designed to help manufacturers embark on and expedite their digital transformation efficiently.
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