Twinsity, a Kassel, Germany-based deeptech startup specializing in AI-based infrastructure inspection, secured €2.5 million in funding from the European Innovation Council Accelerator (EIC).
The startup intends to utilize the funds to enhance its core technologies, accelerate research and development efforts, and expand its team of industry-leading experts.
“We are incredibly honored to receive this funding from the European Innovation Council Accelerator, as it reflects the immense potential of our AI-based automated inspection platform”, said Fabien Chalas, Founder and CEO of Twinsity. “This investment will fuel our mission to transform the way large infrastructure is inspected and maintained, ultimately increasing operational safety and minimizing risk. We are excited to continue empowering industries to thrive in a safer and more efficient manner.”
Twinsity has distinguished itself in the technology industry with its AI-based automated inspection platform for large infrastructure assets, such as bridges, dams, and oil and gas refineries. By leveraging artificial intelligence and machine learning, Twinsity's Twinspect platform enhances operational safety and efficiency, providing customers with unparalleled insights and proactive maintenance solutions.
Company: Twinsity GmbH
Raised: €2.5M
Round: Unknown
Funding Month: July 2023
Lead Investors: European Innovation Council Accelerator (EIC)
Additional Investors:
Company Website: https://twinsity.com/
Software Category: AI-based Automated Inspection Platform
About the Company: Founded in 2019, Twinsity is a technology company specializing in AI-driven solutions for infrastructure inspection. Twinsity develops an advanced inspection platform that leverages artificial intelligence, drone technology, and digital twins to enable continuous, efficient, and data-driven monitoring of essential assets such as bridges and oil platforms. Twinsity's collaborative platform empowers expert teams to gain a comprehensive understanding of the condition of assets, to ensure accurate decision-making. Twinsity's mission is to enhance operational safety and extend the lifespan of critical infrastructure worldwide.
Source: https://www.eu-startups.com/2023/07/kassel-based-twinsity-secures-e2-5-million-from-eic-accelerator-to-upscale-ai-based-infrastructure-inspection/