Twinsity receives EUR 2.5 million in financing

Twinsity receives €2.5 million funding from the European Innovation Council Accelerator (EIC), using AI and MI to make bridge and oil and gas refinery monitoring more efficient and safer.

Kassel, Germany - Twinsity, a deep-tech startup for AI-based infrastructure inspections, has received €2.5 million in funding from the European Innovation Council (EIC) Accelerator. This means the company has beaten 551 European competitors and will receive the funding it needs to continue its development and expansion on a global scale.

We are incredibly honored to receive this funding from the European Innovation Council Accelerator. It reflects the potential of our inspection platform

Fabien Chalas, Founder & CEO Twinsity

Twinsity has made a name for itself in the technology industry by developing a novel AI-based and automated inspection platform for large infrastructure assets such as bridges, dams and oil and gas refineries. The goal is to improve operational safety and extend the life of critical infrastructure. With its Twinspect inspection platform, which uses artificial intelligence, drone technology and digital twins, the startup enables continuous, data-driven monitoring of critical assets such as bridges and oil platforms. The platform enables expert teams to gain a comprehensive understanding of asset health in order to make accurate decisions for maintenance actions.

The EIC Accelerator acts as a springboard for innovation, supporting companies with ideas that have exceptional market potential. In addition to financial support, the EU-initiated Accelerator program helps companies take risks, develop groundbreaking technologies and contribute to the sustainable economy. EIC Accelerator funding will help Twinsity continue to grow. The funds will be invested in optimizing the core technology, research and development, and expanding the team of experts.