Twinsity receives EUR 2.5 million in financing

Twinsity receives €2.5 million funding from the European Innovation Council Accelerator (EIC) and uses AI and MI to make the monitoring of bridges and oil and gas refineries more efficient and safer.

Kassel - Twinsity, a deep-tech start-up for AI-based infrastructure inspections, has received €2.5 million in funding from the European Innovation Council (EIC) Accelerator. This means that the company has beaten 551 European competitors and will receive the necessary funding to drive its further 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 aim is to improve operational safety and extend the service life of critical infrastructure. With the Twinspect inspection platform, which uses artificial intelligence, drone technology and digital twins, the startup enables continuous, data-driven monitoring of important facilities such as bridges and oil platforms. The platform enables teams of experts to gain a comprehensive understanding of the condition of assets in order to make precise decisions on maintenance measures.

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