About ThingWorx
ThingWorx is a Technology company based in Boston (United States) founded in 2009, and was acquired by PTC in December 2013. It operates as a platform to build and run applications for connected devices. It operates in the Technology and Industrial Goods & Manufacturing sectors. ThingWorx has raised $18.4 million across 3 funding rounds from investors including PTC and Safeguard Scientifics. The company has 2,559 employees. ThingWorx has completed 1 acquisition, including Palantiri Systems. Its website thingworx.com draws about 99 thousand monthly visits. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Platforms and Development platforms. Its legal entity is PTC INC. Its competitors include PubNub, Uptime AI, Augury, Uptake and TRACTIAN and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Boston, United States
- Employees 2,559
- SectorsTechnologyIndustrial Goods & Manufacturing
- Website thingworx.com
- Acquired by PTC (Dec 2013)
- Legal Name Ptc Inc.
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 $18.4M
- Total Rounds 3
- Last Round Series C — $8M
- First Round $5M
(Feb 2011)
- Investors Count 1
All 3 funding rounds of ThingWorx 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 2013 | $8M | Series C | – | – | – |
| Oct 2012 | $5.4M | Series C | – | Safeguard Scientifics | – |
| Feb 2011 | $5M | Series B | – | Safeguard Scientifics | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in early and growth stage companies | 1953 | safeguard.com | Radnor, United States | |
PTC is recognized as a global leader in product lifecycle management software. | 1985 | ptc.com | Boston, United States |
Investor details for ThingWorx
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People of ThingWorx
849 people are tracked at ThingWorx (313 in leadership, 10 in board & advisors, 526 in team); the tracked headcount is 2,559.
| Name | Role | Group |
|---|---|---|
Walter Panza | Senior Sales Director, License Compliance Emeai, Latam. Advisory Services International | Leadership |
Joan Walsh | Director Customer Operations | Leadership |
Emily Abeling | Senior Director, Go-to-market Strategy | Leadership |
Vinod Palakkil | Senior Director Indirect Business ( Mid Market And Smb) | Leadership |
Pierre Yves Matthiau | Head Of International Growth Marketing | Leadership |
Ross Gilmour | Regional Vice President - Northern Europe | Leadership |
Dhirendra Kulkarni | Presales Senior Director | Leadership |
Amit Jain | Chief Strategy Officer | Leadership |
Melissa Viccione | Svp, Head Of Global Total Rewards | Leadership |
Pramod Gargate | Key Account Director | Leadership |
Daniel Spieß | Regional Director Customer Success Management | Leadership |
Carla Riney | Vice President Of Product Management | Leadership |
Brian Gordon | Senior Director Of Product Management | Leadership |
Oscar Ornelas | Vp, Chief Product Security Officer | Leadership |
Jeff Zemsky | Vice President Of Product Management | Leadership |
Kanisha Raina | Vice President Human Resources | Leadership |
Tal Halutsy | Director, Software Engineering | Leadership |
Holger Schmiedefeldt | Vice President, Sales And Customer Solutions | Leadership |
Ugo de Maio | Regional Director, Customer Success Management | Leadership |
Tom Salvoni | Director, IT Infrastructure And Architecture - IT Strategy | Leadership |
829 more people are available in the full profile.
Complete people profiles for ThingWorx
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- Board tenure
- Professional contacts
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Investments & Acquisitions by ThingWorx
ThingWorx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Palantiri Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Real-time M2M device connections are facilitated by cloud-based software. | palantirisystems.com | New York, United States | 2008 | Jun 2011 | •••• |
Complete acquisition details for ThingWorx
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Timeline of ThingWorx
5 dated milestones of ThingWorx across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ThingWorx is founded.
- Funding First funding round of $5.0M.
- Acquisition Acquires Palantiri Systems.
- Funding Latest funding round, Series C, of $8.0M.
- Exit Acquired by PTC.
Competitors of ThingWorx
ThingWorx has 9 listed competitors in our database, 9 of them funded. They include PubNub, Uptime AI, Augury, Uptake and TRACTIAN, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pubnub.com | 2010 | San Francisco, United States | $134.6M | 55 | Real-time app development is facilitated via cloud-based infrastructure. | |
| uptimeai.com | 2019 | San Francisco, United States | $19M | 36 | Provider of cloud based management solutions | |
| augury.com | 2012 | New York, United States | $369.19M | – | Provider of IoT and cloud-based machine analytics and predictive maintenance solutions | |
| uptake.com | 2014 | Chicago, United States | $282.26M | 53 | Cloud-based predictive analytics platform is utilized for asset maintenance insights. | |
| tractian.com | 2019 | Sao Paulo, Brazil | $196.18M | – | Provider of industrial maintenance and reliability solutions using sensors and software | |
| sparkcognition.com | 2013 | Austin, United States | $285.88M | 136 | AI based platform offering predictive analytics solution | |
| seebo.com | 2012 | Tel Aviv, Israel | $40.5M | – | Cloud-based digital twin platform for IoT lifecycle management is provided. | |
| infinite-uptime.com | 2015 | Alpharetta, United States | $67.48M | – | AI-powered predictive maintenance solutions are provided for industrial equipment reliability. | |
| upkeep.com | 2015 | Los Angeles, United States | $48.71M | 138 | Web-enabled solutions for asset operations and maintenance management are offered. |
Detailed competitors of ThingWorx
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Web traffic of ThingWorx
The website of ThingWorx (thingworx.com) receives about 98.8K visits a month.
- Monthly visits98.8K
▲ 1.1% vs previous month
Websites whose visitors overlap most with ThingWorx. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| axeda.com | 100% | – | – | View details | |
| scandit.com | 82% | 237K | #221,200 | View details | |
auditware.co.uk | auditware.co.uk | 74% | – | – | – |
| iobridge.com | 66% | – | – | View details | |
| carriots.com | 56% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for ThingWorx
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 20 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Industrial IoT & Smart Manufacturing
10 companies that operate in the same segment as ThingWorx (Industrial IoT & Smart Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Wireless security platform for IoT applications is provided. | 2015 | Palo Alto, California, United States | USD 1.17 B | – | – | |
Blockchain-based connectivity for IoT applications is facilitated. | 2017 | Menlo Park, California, United States | USD 50 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based smart locks for residential and commercial access are provided. | 2014 | New York, New York, United States | USD 152.78 M | USD 70.12 M | 266 | |
Keyless smart locks are developed for consumer and commercial applications. | 2015 | Singapore, Singapore | USD 32.28 M | – | – | |
Provider of cyber security solutions for asset visibility and threat management | 2000 | San Jose, California, United States | USD 120.28 M | USD 4.03 M | 1,330 | |
Mesh-based connectivity solutions for IoT applications are provided. | 2014 | San Francisco, California, United States | USD 90 M | – | – |
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Related news about Thingworx
Complete news archive for ThingWorx
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Frequently Asked Questions about ThingWorx
ThingWorx was founded in 2009 and raised its 1st funding round 2 years after it was founded.
ThingWorx is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
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 2011.
ThingWorx has 2,559 employees.
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.
ThingWorx has made 1 acquisition, including Palantiri Systems.
ThingWorx has 2 investors. Key investors include PTC, and Safeguard Scientifics.
ThingWorx operates through Ptc Inc..
Yes. ThingWorx was acquired by PTC in December 2013.