Tech Company Financing Transactions
Twinsity Funding Round
Twinsity, based in Kassel, secured $2.7 million in investment from European Innovation Council Fund.
Transaction Overview
Company Name
Announced On
7/7/2023
Transaction Type
Venture Equity
Amount
$2,743,000
Round
Undisclosed
Investors
European Innovation Council Fund (Lead Investor)
Proceeds Purpose
This investment will fuel our mission to transform the way large infrastructure is inspected and maintained, ultimately increasing operational safety and minimising risk.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Bürgermeister-Brunner-Straße 15
Kassel, 34117
DE
Kassel, 34117
DE
Phone
Undisclosed
Website
Email Address
Overview
We built Twinsity to solve real-world problems using drone and remote sensing technology. We entered the drone inspection industry when founding the drone company Aibotix, which was later acquired by Hexagon/Leica Geosystems. We saw a big problem: Our clients could easily collect massive volumes of data during drone inspections but didn't have a solution that made it easy to manage, analyze and share this information. In 2020, we founded Twinsity and built TWINSPECT to support enterprises in sharing their data and most important find defects faster - always aiming to unlock the real value of the captured data sets.?With our vision to make physical assets worldwide sustainably safer and to provide inspection teams with the best tools, there is no time to rest for us and we are always working on new innovations to drive digital inspections forward. Thus, asset management is supported by a cutting-edge tech solution to improve the safety of buildings and infrastructures.
Management Team
Title
Name
Email & Social
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