About Thingtrax
Thingtrax is a company based in Ashford (United Kingdom) founded in 2015.. Thingtrax has raised $6.93 million across 3 funding rounds from investors including Concentric, SuperSeed and Puma Growth Partners. The company has 13 employees as of January 31, 2022. Thingtrax offers products and services including Leadership Dashboard, Data Capture, Maintenance Module, Daily Management, and Vision AI. Thingtrax operates in a competitive market with competitors including Celeno, Memfault, Xyte, Hara and Kii, among others.
- Headquarter Ashford, United Kingdom
- Employees 13 as on 31 Jan, 2022
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Thingtrax Limited
- Date of Incorporation 27 Jan, 2015
- Jurisdiction STAINES-UPON-THAMES, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.93 M (USD)
in 3 rounds
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Latest Funding Round
$5.57 M (USD), Seed
Jul 20, 2023
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Investors
Concentric
& 8 more
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Employee Count
13
as on Jan 31, 2022
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Products & Services of Thingtrax
Thingtrax offers a comprehensive portfolio of products and services, including Leadership Dashboard, Data Capture, Maintenance Module, Daily Management, and Vision AI. 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.
Tool for executive productivity analysis and trend reporting.
System for gathering real-time manufacturing data.
Platform for scheduling and monitoring equipment maintenance.
Templates for daily execution and continuous improvement processes.
AI for detecting quality issues in manufacturing activities.
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Funding Insights of Thingtrax
Thingtrax has successfully raised a total of $6.93M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $5.57 million completed in July 2023. 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 Seed — $5.6M
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First Round
First Round
(25 May 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Thingtrax | Valuation | Concentric , SuperSeed | |
| Jun, 2020 | Amount | Seed - Thingtrax | Valuation | SuperSeed | |
| May, 2017 | Amount | Seed - Thingtrax | Valuation |
investors |
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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 Thingtrax
Thingtrax has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Concentric, SuperSeed and Puma Growth Partners. 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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Early-stage investments in software companies are targeted by Concentric VC.
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Founded Year | Domain | Location | |
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Investment is focused on B2B startups using AI technologies.
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Founded Year | Domain | Location | |
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Private equity investments are made to support growing businesses.
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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 Thingtrax
| 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 - Thingtrax
| 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 |
Thingtrax Comparisons
Competitors of Thingtrax
Thingtrax 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 Celeno, Memfault, Xyte, Hara and Kii, 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 |
Provides high performance WiFi chips and software
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| domain | founded_year | HQ Location |
Embedded software patch management is delivered for consumer electronics devices.
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| domain | founded_year | HQ Location |
Cloud-based servitization platform is provided for OEM connected devices.
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| domain | founded_year | HQ Location |
Energy and sustainability management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Mobile Backend-as-a-Service and IoT cloud platform are offered by Kii.
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| domain | founded_year | HQ Location |
Cloud-based platforms and devices for IoT remote applications are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Thingtrax
Frequently Asked Questions about Thingtrax
When was Thingtrax founded?
Thingtrax was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Thingtrax located?
Thingtrax is headquartered in Ashford, United Kingdom.
Is Thingtrax a funded company?
Thingtrax is a funded company, having raised a total of $6.93M across 3 funding rounds to date. The company's 1st funding round was a Seed of $363.77K, raised on May 25, 2017.
How many employees does Thingtrax have?
As of Jan 31, 2022, the latest employee count at Thingtrax is 13.
What does Thingtrax do?
Thingtrax was established in 2015 in Ashford, United Kingdom, focusing on the manufacturing sector. Legacy equipment is linked to the cloud for real-time oversight through specialized monitoring tools. Data from sensors and devices on shop-floor machines is gathered and centralized in a hub. Computations, including machine learning, are applied to this data, yielding insights delivered via dashboards and alerts to support operational decisions.
Who are the top competitors of Thingtrax?
Thingtrax's top competitors include Memfault, Hara and Arch Systems.
What products or services does Thingtrax offer?
Thingtrax offers Leadership Dashboard, Data Capture, Maintenance Module, Daily Management, and Vision AI.
Who are Thingtrax's investors?
Thingtrax has 9 investors. Key investors include Concentric, SuperSeed, Puma Growth Partners, Haatch, and Portfolio Ventures.
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