About Coreworx
Coreworx is a company based in Kitchener (Canada) founded in 1997 was acquired by Vela Software in October 2018.. Coreworx has raised $8.67 million across 1 funding round from investors including Acorn Energy, BDC and Software Innovation. Coreworx has completed 1 acquisition, including Decision Dynamics Technology. Coreworx offers products and services including Proarc Document Management Software, Coreworx Interface Management Software, Mpower Project Controls Software, and Propeople Crew Management Software. Coreworx operates in a competitive market with competitors including AspenTech, Aker Solutions, CSE Global, ComboCurve and SitePro, among others.
- Headquarter Kitchener, Canada
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.67 M (USD)
in 1 rounds
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Latest Funding Round
$8.67 M (USD), Series B
Apr 04, 2005
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Investors
Acorn Energy
& 8 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Coreworx
Coreworx offers a comprehensive portfolio of products and services, including Proarc Document Management Software, Coreworx Interface Management Software, Mpower Project Controls Software, and Propeople Crew Management Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for controlling engineering documents and ensuring compliance.
Tool for aligning teams on project interfaces and deliverables.
Software for monitoring and predicting project costs effectively.
Platform for scheduling crews based on skills and availability.
Funding Insights of Coreworx
Coreworx has successfully raised a total of $8.67M through 1 strategic funding round. The most recent funding activity was a Series B round of $8.67 million completed in April 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $8.7M
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First Round
First Round
(04 Apr 2005)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2005 | Amount | Series B - Coreworx | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Coreworx
Coreworx has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Acorn Energy, BDC and Software Innovation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and private equity investments are managed by B.E.S.T. Funds.
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Founded Year | Domain | Location | |
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Boutique investment banking services are provided in technology sectors.
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Founded Year | Domain | Location | |
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Early-stage VC firm investing in the US & Canada
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coreworx
Coreworx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Decision Dynamics Technology. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Limited information available
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Coreworx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coreworx Comparisons
Competitors of Coreworx
Coreworx operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AspenTech, Aker Solutions, CSE Global, ComboCurve and SitePro, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based software for manufacturing process optimization is offered.
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| domain | founded_year | HQ Location |
Diversified solutions for oil and gas operations are provided worldwide.
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| domain | founded_year | HQ Location |
System integration and automation solutions are provided for industrial applications.
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| domain | founded_year | HQ Location |
Cloud-based solutions for oil and gas operations are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based software solutions for water and wastewater management
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| domain | founded_year | HQ Location |
Oilfield data collection, monitoring, and analysis services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coreworx
Frequently Asked Questions about Coreworx
When was Coreworx founded?
Coreworx was founded in 1997 and raised its 1st funding round 8 years after it was founded.
Where is Coreworx located?
Coreworx is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Is Coreworx a funded company?
Coreworx is a funded company, having raised a total of $8.67M across 1 funding round to date. The company's 1st funding round was a Series B of $8.67M, raised on Apr 04, 2005.
What does Coreworx do?
Coreworx was established in 1997 in Kitchener, Canada, as a provider of software and services. Integrated project information management solutions are offered for large-scale initiatives in the oil and gas, power, and mining sectors. Cost control and execution efficiency are supported through these tools, which handle data from complex global projects. Operations focus on engineering and construction phases across international locations.
Who are the top competitors of Coreworx?
Coreworx's top competitors include AspenTech, SitePro and CSE Global.
What products or services does Coreworx offer?
Coreworx offers Proarc Document Management Software, Coreworx Interface Management Software, Mpower Project Controls Software, and Propeople Crew Management Software.
How many acquisitions has Coreworx made?
Coreworx has made 1 acquisition, including Decision Dynamics Technology.
Who are Coreworx's investors?
Coreworx has 9 investors. Key investors include Acorn Energy, BDC, Software Innovation, B.E.S.T. Funds, and Vela Software.
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