Deeptech startup Twyn raises $1.25 M from JIIF, ah! Ventures, HEM Angels

Dubai-headquartered phygital twin deeptech startup Twyn has raised USD 1.25 million in a pre-Series A round led by JITO Incubation and Innovation Foundation (JIIF) and ah! Ventures. Other investors in the round include HEM Angels, Bestvantage and Beej Network. Twyn will use the funds to expand across auto, petrochemicals and steel hubs in the Middle East and Europe. The firm will also strengthen its leadership team in India and in Dubai. 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.