Twinsity and the EIC Accelerator: Liquidated Before the End

Twinsity GmbH, registered in Breuna near Kassel in 2019, built Twinspect, software that turns thousands of drone photos of a bridge, dam or plant into a photorealistic 3D model that engineers inspect on screen, with AI flagging cracks and other defects. It was selected in the EIC Accelerator's March 2023 cut-off with blended finance and was awarded an EU grant of €2.50 million for a €3.57 million project scheduled to run from December 2023 to November 2025, according to CORDIS. The project was to overlay 3D models from consecutive inspections and build AI tools "to flag new or growing defects".

On 7 October 2025, seven weeks before the project's end date, Twinsity GmbH was entered in the Kassel commercial register as in liquidation, according to register data summarised by North Data. On 23 October 2025 a new company, Twinsity Technologies GmbH, was registered in Breuna with €25,000 of share capital and founder Fabien Chalas and sales head Brock Ryder as managing directors, according to North Data. The Twinsity website now names the new company in its imprint.

Where Twinsity Stands Now

The Twinsity platform is still sold, from €50 a month, and in August 2026 the new company launched what it called "the largest update to Twinsity since we launched", according to its news page. It says it has projects in more than 40 countries and 19 distribution partners. What happened to the old company's assets, staff, investors and EU grant, and whether the new company bought them, is not public. The liquidation of Twinsity GmbH is recorded but not completed in the register data.

The Technology: Inspecting the Twin, Not the Bridge

Bridge and dam inspections still often send engineers up on ropes or lifts. Drones can capture the structure, but one bridge can generate more than 30 GB of photos. Twinspect builds a 3D model that loads in a browser and lets engineers mark defects on it, while AI suggests likely cracks. The first report claims savings of up to 65% of total inspection costs and "100% defect detection", a figure it does not support with a published test.

What the EIC Award Promised, and What the Record Shows

The award promised change tracking across inspections and AI to spot new damage. By November 2024 the company had ISO 27001 certification, an active learning system for its defect AI, automated 3D model optimisation and 11 reseller agreements, according to the only report on the CORDIS reporting page. The website now offers comparison "across inspection cycles to track how damage evolves". The beneficiary entered liquidation before the project ended, and no final report exists.

1. AI defect detectionDeliveredIn the live product.
2. Change tracking over timePartialOffered; not documented.
3. Project completionMissedLiquidation before end.
4. Final reportingMissingOnly period 1 public.

The Money

The EU was to pay 70% of the project. Twinsity GmbH lost €2.4 million from 2022 to 2024 and ended 2024 with equity of €68,227, according to its filed accounts. Its balance sheet carried €1.23 million of deferred income, money received for work not yet done. In 2021 the C3 EOS VC Fund led a seven-figure seed round, according to C3 Venture Capital. Whether the EIC Fund invested, and what the EU paid and recovered, is not public.

What Cannot Be Checked

Why Europe Should Care

Much of Europe's road and rail infrastructure is ageing, and Germany alone has tens of thousands of motorway bridges to inspect. Better inspection tools matter. The Twinsity case shows a gap in public reporting: the company that held an EU grant entered liquidation during its project, its product is now sold by a newly registered company, and we found no public account of what happened to the grant.

The Verdict

Twinsity and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.