About Thread
Thread is a company based in Grand Forks (United States) founded in 2018 by Travis Desell, Jim Higgins, and Joshua Riedy. It operates as a SaaS (Software-as-a-Service). Thread has raised $36.44 million across 6 funding rounds from investors including Badlands Capital, Minnkota and Generational Partners. Thread offers products and services including UNITI. Thread operates in a competitive market with competitors including SafetyCulture, Kayrros, Deepomatic, Beacon Power Services and ndustrial, among others.
- Headquarter Grand Forks, United States
- Founders Travis Desell, Jim Higgins, Joshua Riedy
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Sectors
TechnologyEnergy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$36.44 M (USD)
in 6 rounds
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Latest Funding Round
$6.38 M (USD), Series A
Dec 04, 2023
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Investors
Badlands Capital
& 9 more
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Employee Count
Not available
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Products & Services of Thread
Thread offers a comprehensive portfolio of products and services, including UNITI.
Data management workspace is provided for utility companies.
People of Thread
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Funding Insights of Thread
Thread has successfully raised a total of $36.44M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $6.38 million completed in December 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.
Investors in Thread
Thread has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Badlands Capital, Minnkota and Generational Partners.
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Badlands Capital is recognized as a Midwest Private Equity firm.
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Early and growth-stage tech startups are funded by Rosecliff Ventures.
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Investor details for Thread
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Investments & Acquisitions by Thread
Investment portfolio details for Thread
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Financial Statements - Thread
Detailed financials for Thread
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Thread Comparisons
Peer comparison for Thread
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Competitors of Thread
Thread 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 SafetyCulture, Kayrros, Deepomatic, Beacon Power Services and ndustrial, among others.
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Digital workplace safety tools for inspections and audits are provided.
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Environmental footprints are measured via satellite imagery and AI analysis.
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AI-based visual automation is delivered for field operations.
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Web-based building energy management software solutions are provided.
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Provider of energy consumption analytics solutions
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A cloud platform that provides M2M vertical applications to manage a wide range of machine-to-machine devices.
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Detailed competitors of Thread
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Latest news on Thread
Complete news archive for Thread
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Frequently Asked Questions about Thread
Thread was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Thread is headquartered in Grand Forks, United States. It is registered at Grand Forks, North Dakota, United States.
Joshua Riedy is the current CEO of Thread. They have also founded this company.
Thread is a funded company, having raised a total of $36.44M across 6 funding rounds to date.
Thread is engaged in developing UNITI, a collaborative workspace designed for utility companies. The platform is built to manage data related to physical infrastructure, including imagery and inspection data. It serves sectors like transmission, distribution, and wind energy by offering tools for data collection, analysis, and workflow automation. Solutions provided include asset-centric data organization, real-time dashboards, and integration capabilities to enhance operational efficiency and decision-making for utility teams.
Thread's top competitors include SafetyCulture, Deepomatic and Beacon Power Services.
Thread offers UNITI.
Thread has 10 investors. Key investors include Badlands Capital, Minnkota, Generational Partners, Rosecliff Ventures, and Excell.