About Thingtech
Thingtech is a company based in Atlanta (United States) founded in 2014.. Thingtech has raised $7 million across 3 funding rounds from investors including Engage, BIP Ventures and AIM Group. The company has 7 employees as of December 31, 2021. Thingtech offers products and services including Fleet Management Software, Preventive Maintenance System, and Safety Monitoring Tool. Thingtech operates in a competitive market with competitors including Freight Tiger, Logospot, Spireon, Fleetmatics and LogiNext, among others.
- Headquarter Atlanta, United States
- Employees 7 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & LogisticsTechnology
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Phone
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Website
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Social
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- Legal Name Track Star International, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 3 rounds
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Latest Funding Round
$4.01 M (USD), Series A
Jan 23, 2019
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Investors
Engage
& 4 more
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Employee Count
7
as on Dec 31, 2021
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Products & Services of Thingtech
Thingtech offers a comprehensive portfolio of products and services, including Fleet Management Software, Preventive Maintenance System, and Safety Monitoring Tool. 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.
Enables real-time GPS tracking and fleet oversight for safety.
Manages scheduling and alerts for vehicle upkeep.
Tracks driver behavior to reduce accidents and ensure compliance.
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Funding Insights of Thingtech
Thingtech has successfully raised a total of $7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.01 million completed in January 2019. 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 3
- Last Round Series A — $4.0M
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First Round
First Round
(05 Oct 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series A - Thingtech | Valuation | BIP Ventures | |
| Jun, 2018 | Amount | Seed - Thingtech | Valuation | AIM Group | |
| Oct, 2017 | Amount | Seed - Thingtech | Valuation | AIM Group , TechSquare Labs |
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| 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 Thingtech
Thingtech has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Engage, BIP Ventures and AIM Group. 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 is invested in multiple sectors by Engage.
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Founded Year | Domain | Location | |
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Venture capital investments are provided by BIP Ventures.
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Founded Year | Domain | Location | |
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Early stage investments are facilitated by AIM Group.
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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 Thingtech
| 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 |
Financial Statements - Thingtech
| 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 |
Thingtech Comparisons
Competitors of Thingtech
Thingtech 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 Freight Tiger, Logospot, Spireon, Fleetmatics and LogiNext, 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 |
Freight and logistics are managed via web-based platform.
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| domain | founded_year | HQ Location |
SaaS-based transport management solutions are provided by LogiSpot.
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| domain | founded_year | HQ Location |
SaaS-enabled solutions for fleet and field service management are offered.
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| domain | founded_year | HQ Location |
Fleet management solutions are provided for tracking and optimization needs.
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| domain | founded_year | HQ Location |
Cloud-based AI platform for transportation management and optimization is provided.
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| domain | founded_year | HQ Location |
Online booking platform for freight transportation
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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 Thingtech
Frequently Asked Questions about Thingtech
When was Thingtech founded?
Thingtech was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Thingtech located?
Thingtech is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Thingtech a funded company?
Thingtech is a funded company, having raised a total of $7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.19M, raised on Oct 05, 2017.
How many employees does Thingtech have?
As of Dec 31, 2021, the latest employee count at Thingtech is 7.
What does Thingtech do?
Thingtech was founded in 2014 and is headquartered in Atlanta, United States. Software solutions are delivered to organizations managing fleets, assets, and mobile workforces, enabling location and health monitoring. Enterprise products facilitate automation for routing, scheduling, dispatching, and mobile data collection. Operations focus on the transportation and logistics sector. Customers served include Ride Connection, Keolis, and Soldier ON.
Who are the top competitors of Thingtech?
Thingtech's top competitors include Azuga, LogiNext and Freight Tiger.
What products or services does Thingtech offer?
Thingtech offers Fleet Management Software, Preventive Maintenance System, and Safety Monitoring Tool.
Who are Thingtech's investors?
Thingtech has 5 investors. Key investors include Engage, BIP Ventures, AIM Group, Tech Square Ventures, and TechSquare Labs.