AI startup Twin1 AI has raised $20m (£15m) in seed funding, emerging from "stealth" on Thursday. Investors are backing the company's approach to applying digital twin technology, traditionally used for factories and machinery, to office workers.
The San Mateo and London-based company creates an AI 'twin' for individual employees, drawing information from their emails, meetings, documents, and workplace software. This software is intended to answer questions and carry out tasks for employees, while also linking knowledge across different parts of a business.
Twin1 stated that its customers include law firms Linklaters, Orrick, and Dechert, US lender Customers Bank, and energy group Aegis Energy. The company claims early customers have automated between 30 and 50 per cent of communications work, though this figure has not been independently verified.
The funding round was co-led by Bessemer Venture Partners, Tribeca Venture Partners, and Aramco Ventures, with additional investment from EJF Ventures, F-Prime, Lakestar, Notion Capital, and Orrick. Twin1, founded last year by Lewis Liu, Tom Cahn, Huiting Liu, and Jonathan Budd, will use the capital to expand its teams in London and California, develop its technology, and boost sales.