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. Twyn claims to leverage emerging technologies like AI and spatial computing to create extended reality-based digital twins for manufacturers to turn their units into smart factories.
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 phygital twins, the startup claims, help replicate a live and connected version of the physical asset and environment and brings 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.
Twyn’s clients include HP, Samsung, Panasonic, P&G, Uno Minda and JBM Group, among others.
Commenting on the fundraise, founder and CEO Dahiya said, “Indian manufacturers and OEMs are gradually shifting towards artificial intelligence and deeptech for faster and seamless operations. 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 and expedite their digital transformation in the shortest possible time.
Rishit Parikh, Deal Lead – Twyn and Venture Partner ah! Ventures said, “Digital Transformation is a USD 600 billion market growing at 21.1% CAGR and will become USD 1.55 trillion market by 2027. Twyn is a National level partner with HP and Global partnerships with Microsoft, Oracle, GE, TCS, and Siemens are in progress. Existing client list includes Fortune 500 companies such as HP and Samsung, which are also their repeat and oldest customers. Twyn has everything to become the next big success story.”
Read the original announcement: https://ahv.fyi/twynpr