Kassel-based deep tech startup Twinsity bags €2.5m from EIC

Twinsity, a deep tech startup specializing in AI-based infrastructure inspection, has secured €2.5-million funding round from the European Innovation Council Accelerator (EIC). This significant achievement not only validates Twinsity's outstanding advancements but also drives the company towards further development and expansion on a global scale.

Twinsity has achieved special recognition in the highly competitive funding program for future-oriented innovations and its advanced work in the field of infrastructure monitoring. As a testament to their achievements, Twinsity is one of the few selectively chosen applicants (9%) to receive €2.5 million in funding, and is also selected as a prime example of success by the European Union. The EIC Accelerator serves as a springboard for breakthrough innovations, offering substantial support to innovative companies with ideas that possess the high market potential and the capability to revolutionize industries. This funding initiative, provided by the European Union, combines financial assistance and support services to empower companies that take risks, develop pioneering technologies, and contribute to a sustainable economy.

Fabien Chalas, Founder and CEO of Twinsity: "We are incredibly honoured to receive this funding from the European Innovation Council Accelerator, as it reflects the immense potential of our AI-based automated inspection platform. This investment will fuel our mission to transform the way large infrastructure is inspected and maintained, ultimately increasing operational safety and minimising risks. We are excited to continue empowering industries to thrive in a safer and more efficient manner."

The funding from the European Innovation Council Accelerator will be instrumental in driving Twinsity's continued growth and enabling the realization of its ambitious goals. Twinsity plans to allocate resources towards enhancing its core technologies, accelerating research and development efforts, and expanding its team of industry-leading experts.

Theo Woik, Managing Partner, C3 Venture Capital: ”We were convinced from the beginning that Twinspect would be able to automate most of the work associated with large-scale infrastructure inspections. Twinspect has the potential to transform the infrastructure inspection industry, both by reducing costs 10-fold and by predicting maintenance needs on a regular basis. Drone-captured digital twins in combination with AI-driven analytics will be the industry standard in the near future; with the strong support of the EIC, Twinsity is accelerating the industry forward.”

As Twinsity embarks on this new phase of growth, the company remains committed to pushing the boundaries of what is possible in the deep tech sector. By leveraging the funding from the European Innovation Council Accelerator, Twinsity aims to strengthen its position as an industry leader, expand its global reach, and forge strategic partnerships with key players in the large infrastructure sector.

www.twinsity.com