Twinsity has secured a €2.5-million funding round from the European Innovation Council Accelerator (EIC). This funding not only validates Twinsity's achievements to date but also drives the company towards further development and expansion on a global scale.

The funding from the European Innovation Council Accelerator will be instrumental in driving Twinsity's continued growth and enabling the realisation of its ambitious goals. Twinsity plans to use the funds to enhance its core technologies, accelerate research and development efforts, and expand its team of industry-leading experts.

"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", said Fabien Chalas, founder and CEO of Twinsity. "This investment will fuel our mission to transform the way large infrastructure is inspected and maintained, ultimately increasing operational safety and minimising risk. We are excited to continue empowering industries to thrive in a safer and more efficient manner."

Theo Woik, managing partner of C3 Venture Capital, Twinsity’s first institutional investor, said: ”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. Digital twins captured by drones combined with AI-driven analytics will be the industry standard in the near future; with the strong support of the EIC, Twinsity is advancing the industry.”