Twine Solutions Overview
Twine Solutions has developed a proprietary digital thread-dyeing system and a digital dye-to-match color application. Twine's system continuously dyes a single, white, off-the-shelf thread to any requested length and in any color. Twine's Digital Selective Treatment technology enables thread dyeing on demand and is ready to use within seconds in a waterless, eco-friendly process. Twine's technology offers an alternative to conventional bulk dyeing, eliminating the need for colored thread stock and reducing logistics, dead stock, and other waste costs. The single-thread, single-needle, multi-color method improves production efficiencies, margins, and overall profitability, resulting in a return on investment of less than a year and low total cost of ownership.
Cumulative Funding Raised Over Time ($)
Latest News
growth-negative
חברת הדפוס הדיגיטלי Twine Solutions שמעסיקה 40 עובדים מבקשת עיכוב הליכים | כלכליסט
Twine Solutions, a digital printing company, has filed for a 60-day stay of proceedings in the Lod District Court. The company, which was founded in 2015 and has raised $80 million to date, has accumulated debts of $5.7 million, primarily owed to Bank Mizrahi. In 2023, the company lost $6.6 million and in 2022, it lost $16.9 million. The company previously employed 100 people, but has since laid off a significant portion of its staff, leaving only 40 employees. The company is currently in negotiations with investors to raise funds to repay its debt.
InvestmentLayoffs
growth-negative
Twine Solutions cuts a third of its workforce | CTech
Twine Solutions, an Israeli company that develops digital thread and yarn dyeing technology, is laying off 30 employees, accounting for a third of its workforce. The company raised $28 million at a $90 million valuation in May 2021. Twine Solutions has developed a digital dyeing technology that allows brands and manufacturers to dye their thread in-house, on-demand. The layoffs are part of the companys efforts to streamline and cut back during an economic recession.
Layoffs
growth-positive
Dyeing for Change - Textile Insight
The article discusses the advancements in dyeing technologies in the textile industry, focusing on companies like Alchemie Technology Limited, Twine Solutions Limited, and Colorifix Limited. These companies are introducing innovative and sustainable methods of dyeing fabrics, such as digital dyeing, waterless dyeing, and biotech-based dye production. These technologies aim to reduce water pollution, greenhouse gas emissions, and waste in the textile supply chain. The article emphasizes the need for brands to support and invest in these sustainable technologies to transform the environmental impact of their products. Partners mentioned in the article include H&M, adidas, Kering, PVH Corp., Arvind Limited, and Welspun Group. The date of the event described in the article is not provided.
CustomersPartners
growth-positive
Alon Bar-Shany - Off to new (sustainable) shores
Alon Bar-Shany, former General Manager of HP Indigo, is now involved in three different companies: Redefine Meat, Highcon, and Twine Solutions. These companies focus on additive manufacturing, plant-based meat products, digital production, and sustainable textile dyeing. Bar-Shany believes that these industries offer opportunities for innovation, efficiency, and environmental friendliness. Redefine Meat, in particular, aims to replace traditional meat products with plant-based alternatives. The company is building a factory in Israel and plans to launch its products globally in 2022. Bar-Shany sees the COVID-19 pandemic as an opportunity to prioritize sustainability and make positive changes in the world. He intends to continue focusing on customer satisfaction and creating new markets for these innovative products.
Partners
growth-positive
Thread dyeing co Twine Solutions raises $28m
Twine Solutions, an Israeli thread dyeing systems developer, has raised $28 million in an investment round. The funding will support the companys global installations of its newly released TS-1800 Gen2 technology. Twine Solutions aims to disrupt the textile industry with its breakthrough technology, which enables brands to meet their sustainability goals and address the negative impact of the current way of dyeing threads. The investment was led by Menorah Mivtachim Holdings Ltd., Meitav Dash, and Analyst, with participation from existing shareholders. The company has expanded in Europe and Asia and is planning to expand to North America.
Investment
| Sector | Industrial Technologies |
Funding
| Total funding | $50M |
| Last funding | Undisclosed |
| Stage | Mature |
| Rounds | 6 |
| Investors | 7 |
Team Members
5
Employees: 11-50
Web & Social Links
| Website | twine-s.com |
| Careers | Careers page |
Locations
HaTnufa Street 7, Petah Tikva, Israel
Photos & Videos
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