About RtTech
RtTech is a Business Services company based in Moncton (Canada) founded in 2011, and was acquired by AspenTech in December 2017. It operates as a real-time machine monitoring and industrial data analysis are provided. It operates in the Business Services, Energy & Utilities, and Technology sectors. RtTech has raised $3 million across 1 funding round from investors including AspenTech, McRock Capital and New Brunswick Innovation Foundation. RtTech offers products and services including RtDUET and Equipment Monitoring Tool. Its focus areas include Energy Tech, Energy Efficiency Tech, Energy Management System and Building Automation Systems. Its competitors include Particle, Signify, Landis+Gyr, MRI Software and Span.IO and 4 more; 5 of its 9 listed competitors have raised funding.
Company details
RtTech was founded in 2011 in Moncton, Canada, within the industrial technology sector. Real-time machine monitoring is focused on, where industrial data is converted into information for inefficiency improvements. Products are developed using the OSIsoft PI System and integrate with plant floor control infrastructures. Two main offerings include RtDuet, which handles automatic downtime monitoring and asset performance tracking, and RtEMIS, an industrial energy management system that detects energy waste areas.
- Headquarters Moncton, Canada
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Technology
- Website rttechsoftware.com
- Social LinkedIn YouTube
- Acquired by AspenTech (Dec 2017)
Products & Services of RtTech
RtTech offers a comprehensive portfolio of products and services, including RtDUET and Equipment Monitoring Tool.
Software for tracking industrial downtime and production losses.
Tool for automatic fault codes and downtime classification in operations.
Apps and channels of RtTech
its YouTube channel RtTech Software has 53 subscribers and 15 videos.
Videos from RtTech
The most watched videos on RtTech's YouTube channel, RtTech Software (53 subscribers). Click a video to play it here.
More on RtTech Software.
Funding Insights of RtTech
RtTech has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Series A round of $3 million completed in February 2015. 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 $3M
- Total Rounds 1
- Last Round Series A — $3M
- First Round $3M
(Feb 2015)
- Investors Count 2
All 1 funding rounds of RtTech 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 |
|---|---|---|---|---|---|
| Feb 2015 | $3M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in RtTech
RtTech has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include AspenTech, McRock Capital and New Brunswick Innovation Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm specializing in industrial software and AI investments | – | mcrockcapital.com | Toronto, Canada | |
Seed-stage startups are funded by sector-agnostic VC investments. | – | nbif.ca | Fredericton, Canada | |
AI-based software for manufacturing process optimization is offered. | 1981 | aspentech.com | Bedford, United States |
Investor details for RtTech
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People of RtTech
7 people are tracked at RtTech (2 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Jeff Milton | General Manager | Leadership |
Pablo Asiron | CEO | Leadership |
Brandon Price | Senior Software Developer | Team |
Rex M Montgomery | Manager | Team |
Ric van Schie | Support And Sales Engineer | Team |
Daniel Crouse | Quality Assurance Specialist | Team |
Kevin Haigh | System Integrator & Support Specialist | Team |
Complete people profiles for RtTech
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Timeline of RtTech
3 dated milestones of RtTech across 6 years, from founding to its latest funding, stage changes and deals.
- Founded RtTech is founded.
- Funding First funding round of $3.0M.
- Exit Acquired by AspenTech.
Competitors of RtTech
RtTech has 9 listed competitors in our database, 5 of them funded. They include Particle, Signify, Landis+Gyr, MRI Software and Span.IO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| signify.com | 1891 | Eindhoven, Netherlands | – | – | Signify is recognized as a global leader in lighting solutions. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| mrisoftware.com | 1971 | Solon, United States | $125M | 781 | Property management software is provided for residential and commercial properties. | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| powersecure.com | 1991 | Wake Forest, United States | – | 1,030 | Energy efficiency and smart grid management solutions | |
| osram.com | 1919 | Munich, Germany | – | 13 | Automotive lighting equipment is manufactured by Osram in Germany. | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. |
Detailed competitors of RtTech
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Top companies in Facility Management Platforms
10 companies that operate in the same segment as RtTech (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | 463 | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 54 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Related news about Rttech
Complete news archive for RtTech
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Frequently Asked Questions about RtTech
RtTech was founded in 2011 and raised its 1st funding round 4 years after it was founded.
RtTech is headquartered in Moncton, Canada. It is registered at Moncton, New Brunswick, Canada.
RtTech is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Series A of $3M, raised on Feb 2015.
RtTech was founded in 2011 in Moncton, Canada, within the industrial technology sector. Real-time machine monitoring is focused on, where industrial data is converted into information for inefficiency improvements. Products are developed using the OSIsoft PI System and integrate with plant floor control infrastructures. Two main offerings include RtDuet, which handles automatic downtime monitoring and asset performance tracking, and RtEMIS, an industrial energy management system that detects energy waste areas.
RtTech's top competitors include Particle, Landis+Gyr and Signify.
RtTech offers RtDUET and Equipment Monitoring Tool.
RtTech has 3 investors. Key investors include AspenTech, McRock Capital, and New Brunswick Innovation Foundation.
Yes. RtTech was acquired by AspenTech in December 2017.