About ThingWorx
ThingWorx is a company based in Boston (United States) founded in 2009 was acquired by PTC in December 2013.. ThingWorx has raised $18.4 million across 3 funding rounds from investors including PTC and Safeguard Scientifics. The company has 2,559 employees as of December 31, 2023. ThingWorx has completed 1 acquisition, including Palantiri Systems. ThingWorx operates in a competitive market with competitors including PubNub, Uptime AI, Augury, Uptake and TRACTIAN, among others.
- Headquarter Boston, United States
- Employees 2559 as on 31 Dec, 2023
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Phone
*********
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Website
*********
- Legal Name Ptc Inc.
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Software Development Team
251 people
Leadership Team
130 people
Sales and Marketing
102 people
Product Management Team
58 people
Senior Team
44 people
Operations Team
35 people
Principal Team
24 people
Human Resources and Administration
22 people
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Funding Insights of ThingWorx
ThingWorx has successfully raised a total of $18.4M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $8 million completed in February 2013. 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 C — $8.0M
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First Round
First Round
(16 Feb 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2013 | Amount | Series C - ThingWorx | Valuation |
investors |
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| Oct, 2012 | Amount | Series C - ThingWorx | Valuation | Safeguard Scientifics |
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| Feb, 2011 | Amount | Series B - ThingWorx | Valuation | Safeguard Scientifics |
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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 ThingWorx
ThingWorx has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include PTC and Safeguard Scientifics. 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 firm investing in early and growth stage companies
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Founded Year | Domain | Location | |
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PTC is recognized as a global leader in product lifecycle management software.
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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 ThingWorx
ThingWorx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Palantiri Systems. 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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Real-time M2M device connections are facilitated by cloud-based software.
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2008 |
| 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 - ThingWorx
| 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 |
Thingworx Comparisons
Competitors of ThingWorx
ThingWorx 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 PubNub, Uptime AI, Augury, Uptake and TRACTIAN, 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 |
Real-time app development is facilitated via cloud-based infrastructure.
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| domain | founded_year | HQ Location |
Provider of cloud based management solutions
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| domain | founded_year | HQ Location |
Provider of IoT and cloud-based machine analytics and predictive maintenance solutions
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| domain | founded_year | HQ Location |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
Provider of industrial maintenance and reliability solutions using sensors and software
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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 Thingworx
Frequently Asked Questions about ThingWorx
When was ThingWorx founded?
ThingWorx was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is ThingWorx located?
ThingWorx is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is ThingWorx a funded company?
ThingWorx is a funded company, having raised a total of $18.4M across 3 funding rounds to date. The company's 1st funding round was a Series B of $5M, raised on Feb 16, 2011.
How many employees does ThingWorx have?
As of Dec 31, 2023, the latest employee count at ThingWorx is 2,559.
What does ThingWorx do?
ThingWorx was founded in 2009 in Boston, United States, as a platform for developing and deploying applications tailored to connected devices. Operations center on the industrial Internet of Things sector, where tools are provided for application development to support operational processes and resource management. The company was acquired by PTC for 112 million in December 2013, integrating its capabilities into broader product lifecycle management services.
Who are the top competitors of ThingWorx?
How many acquisitions has ThingWorx made?
ThingWorx has made 1 acquisition, including Palantiri Systems.
Who are ThingWorx's investors?
ThingWorx has 2 investors. Key investors include PTC, and Safeguard Scientifics.
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