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Industry Talk

Twine Solutions raises $28 million

Funding supports expansion of digital thread dyeing system.

24th May 2021

Knitting Industry
 |  Petach Tikva, Israel

Knitted Outerwear

Twine Solutions, based in Petach Tikva, Israel, has raised $28 million in an investment round to support the company’s acceleration of global installations of its newly released TS-1800 Gen2.

The company’s technology digitally dyes raw or off-the-shelf white polyester thread in any colour and length for immediate use in sewing, knitting, and embroidery. The thread is cured during the process, ensuring the ink penetrates the fibre. It is finally wound on a spool ready for immediate use. Twine’s process is sustainable, uses no water, and reduces significant amounts of thread waste.

SnapMatch is an app with which any designer, garment manufacturer or even a home user can quickly and simply identify or match a colour based on True Color Capture technology (TCC). Developed for mobile devices, it can capture the colour of any object, and by utilizing powerful cloud-based algorithms, analyses the image and displays accurate colour readings.

The matched colour can be immediately sent to a Twine digital thread dyeing system, compared to today’s conventional dye-to-match process, which takes days to weeks with multiple iterations.

“The textile industry is in dire need of change that Twine profoundly addresses,” said Alon Moshe, Twine’s CEO and co-founder. “We have recently expanded in two key regions, Europe and Asia, and are currently working on expanding to North America. We appreciate the trust of our shareholders and continue to work to disrupt the textile industry with a breakthrough technology that will enable brands to meet their sustainability goals, given the negative impact of the current way of dyeing threads.”

www.twine-s.com

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