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
- SectorsEnergy & Utilities
- Website coreworx.com
- Social LinkedIn X YouTube
- Acquired by Vela Software (Oct 2018)
- Total Equity Funding$8.67M (USD)
in 1 rounds
- Latest Funding Round$8.67M (USD), Series B
Apr 2005
- InvestorsAcorn Energy
& 8 more
- Investments & Acquisitions
- Acquired by
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.
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.
Apps and channels of Coreworx
its YouTube channel Ascertra Information Management has 274 subscribers and 10 videos.
Videos from Coreworx
The most watched videos on Coreworx's YouTube channel, Ascertra Information Management (274 subscribers). Click a video to play it here.
More on Ascertra Information Management.
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 $8.67M
- Total Rounds 1
- Last Round Series B — $8.67M
- First Round $8.67M
(Apr 2005)
- Investors Count 7
All 1 funding rounds of Coreworx with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2005 | $8.67M | Series B | – | – |
9 investors in total: 9 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and private equity investments are managed by B.E.S.T. Funds. | 1996 | bestfunds.ca | Toronto, Canada | |
Boutique investment banking services are provided in technology sectors. | – | verdexus.com | Kitchener, Canada | |
Early-stage VC firm investing in the US & Canada | – | techcapital.com | Waterloo, Canada | |
- | – | roynat.com | - | |
- | – | covingtoncapital.com | - | |
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada | |
Enterprise document management solutions are provided for various industries. | 1984 | software-innovation.com | Oslo, Norway | |
Remote monitoring and control systems for industrial assets are provided. | 1986 | acornenergy.com | Wilmington, United States | |
Software development services are provided to clients by Vela Software. | 1995 | velasoftwaregroup.com | Toronto, Canada |
Investor details for Coreworx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Investments & Acquisitions by Coreworx
Coreworx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Decision Dynamics Technology.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Limited information available | ddytech.com | Calgary, Canada | 1998 | Mar 2010 | •••• |
Complete acquisition details for Coreworx
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
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- Exports
Verified entity values are shown only after access is granted.
Timeline of Coreworx
5 dated milestones of Coreworx across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Coreworx is founded.
- Funding First funding round of $8.7M.
- Acquisition Acquires Decision Dynamics Technology.
- Exit Acquired by Acorn Energy.
- Exit Acquired by Vela Software.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aspentech.com | 1981 | Bedford, United States | $100M | 786 | AI-based software for manufacturing process optimization is offered. | |
| akersolutions.com | 1841 | Oslo, Norway | – | 21 | Diversified solutions for oil and gas operations are provided worldwide. | |
| cse-global.com | 1985 | Singapore | – | – | System integration and automation solutions are provided for industrial applications. | |
| combocurve.com | 2017 | Humble, United States | $50M | – | Cloud-based solutions for oil and gas operations are provided. | |
| sitepro.com | 2012 | San Antonio, United States | $16.15M | 67 | Provider of cloud-based software solutions for water and wastewater management | |
| wellaware.us | 2012 | San Antonio, United States | $60.45M | 22 | Oilfield data collection, monitoring, and analysis services are provided. | |
| freewave.com | 1993 | Boulder, United States | – | – | Wireless M2M solutions for industrial IoT applications are delivered. | |
| wenergysoftware.com | 2009 | Tulsa, United States | – | – | Account management solutions for oil and gas sectors are provided. |
Detailed competitors of Coreworx
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- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Coreworx
Websites that share an audience with Coreworx (coreworx.com).
Websites whose visitors overlap most with Coreworx. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cbre.ca | cbre.ca | 100% | – | #417,634 | – |
Latest news on Coreworx
Complete news archive for Coreworx
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Coreworx
10 companies that operate in the same segment as Coreworx (Oil & Gas Technology Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 5.44 B | – | 242 | |
Provider of AI-driven ROVs and services for inspection of ships | 2015 | Bristol, England, United Kingdom | USD 38.48 M | – | – | |
AI-based software for production data analysis and collaboration is provided. | 2016 | Lysaker, Norway | USD 225 M | – | 1 | |
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M | – | – | |
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | – | 46 | |
Cloud-based platform for oilfield management in energy sector. | 1998 | Houston, Texas, United States | USD 1.67 M | – | 305 | |
Cloud-based platform for operational simulation and predictive analytics is offered. | 2010 | Lausanne, Vaud, Switzerland | USD 28.7 M | – | – | |
Methane and VOC emissions are monitored via industrial IoT platforms. | 2015 | Cambridge, Massachusetts, United States | USD 34.71 M | – | – | |
Contractors and suppliers are managed via an online platform. | 2001 | Dallas, Texas, United States | – | – | – |
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Frequently Asked Questions about Coreworx
Coreworx was founded in 1997 and raised its 1st funding round 8 years after it was founded.
Coreworx is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
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 2005.
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.
Coreworx's top competitors include AspenTech, SitePro and CSE Global.
Coreworx offers Proarc Document Management Software, Coreworx Interface Management Software, Mpower Project Controls Software, and Propeople Crew Management Software.
Coreworx has made 1 acquisition, including Decision Dynamics Technology.
Coreworx has 9 investors. Key investors include Acorn Energy, BDC, Software Innovation, B.E.S.T. Funds, and Vela Software.
Yes. Coreworx was acquired by Vela Software in October 2018.