Gdansk-based Trusted Twin has raised $1 million in a pre-seed funding round that’s aimed at ramping up the business across the board, from team size to customer base to further development of the startup’s operational data sharing solution.
TL;DR - Trusted Twin uses a series of APIs that allow developers to craft an elegant solution to the problem of having to build a data-sharing layer.
To understand what Trusted Twin is up to is to understand The Clash.
“Should I stay or should I go?”
While the pan(dem)ic vastly accelerated the sheer amount of data created or replicated, 64.2ZB in 2020 alone, and according to IDC’s Dave Reinsel, "The amount of digital data created over the next five years will be greater than twice the amount of data created since the advent of digital storage. The question is: How much of it should be stored?"
With that much data stored on that many rotating platters or solid-state drives or tapes, we’re now presented with a conundrum, one facing many businesses today: how to efficiently and effectively extract value from it all. Fishing a kipper from the sea, if you will. Compound this with a second issue, sharing operational data with external businesses, often the bread and butter of many, a titan, and pretty soon we’ve got a pretty big problem on our hands.
Trusted Twin is levering the power of digital twin architecture (not a great leap with the name, hey?) to offer a data layer specifically filtered and designed for the sharing of operational data, without all the fluff. In so much, the startup claims they can ensure trust and control between collaborating partners.
“Data sharing is becoming a business necessity, and clunky, time-consuming data sharing processes will certainly hamper business growth,” explained Trusted Twin CEO Krzysztof Malicki. “Data sharing is one of IT’s major headaches, with most organizations lacking the tools and resources to develop the necessary frameworks. In essence, we are a data-sharing layer that takes non-functional requirements like scalability and availability off developers’ plate, so that they can stay focused on the core of their business.”
Trusted Twin’s $1 million pre-seed round was led by ff Venture Capital, with Presto Ventures, Movens Capital, RKKVC, Startup Wise Guys, and several undisclosed angel investors all participating.
“Today, digital transformation promises to revolutionize business. However, in reality, few projects reach their full potential. Real-time data sharing is the missing ingredient that is holding many organizations back, and this is the next key trend for the advancement of digital business. Trusted Twin is perfectly positioned to serve this explosion of data needs that business operations are already feeling,” concluded ff Venture Capital’s Maciej Skarul.
