Twine Solutions Raises $28 Million in Investment Round Twine Solutions is Revolutionizing the Textile Industry and Expanding Internationally May 20, 2021
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Twine Solutions announced that it has raised $28 million in an investment round, led by Menora, Meitav Dash, and Analyst. Existing shareholders New Era Capital, Landa Ventures, Gefen Capital, and others also participated in this investment round which will support the company s acceleration of global installations of its newly released TS-1800 Gen2.
Alon Moshe, Twine s CEO and co-founder, commented, “It is with great pleasure that we announce and welcome our new investors to Twine as we continue our epic journey. The textile industry is in dire need of change that Twine profoundly addresses. We have recently expanded in two key regions, Europe and Asia, and are currently working on expanding to North America. We apprecia
Twine appoints new board member to help scale business
Mr. Alon Bar-Shany was the General Manager of HP-Indigo for last 16 years, a company known as a pioneer in digital printing technology.
12th February 2021
Twine Solutions has appointed Mr. Alon Bar-Shany as Active Chairman of the Board. Alon was the General Manager of HP-Indigo for last 16 years, a company known as a pioneer in digital printing technology. During his tenure as CEO, HP Indigo maintained a global market leadership in the digital printing sector through continued innovation and customer focus, resulting in unprecedented customer growth, Twine reports.
Prior to the General Manager role Alon served as indigo’s CFO and since joining in 1995 was involved in a 10X growth of the company. Commenting on his appointment, Alon Bar-Shany, says: “Twine has all the ingredients to become another Indigo in the textile industry based on a unique technology and the rapidly changing industry needs and potential for digital d