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
Employee Count
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Products & Services of Thread
Thread offers a comprehensive portfolio of products and services, including UNITI. 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.
Data management workspace is provided for utility companies.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $6.4M
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First Round
First Round
(16 Dec 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2023 | Amount | Series A - Thread | Valuation |
investors |
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| Oct, 2023 | Amount | Series A - Thread | Valuation | Badlands Capital | |
| Oct, 2022 | Amount | Series A - Thread | Valuation | Blaine Crissman |
| 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 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. 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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Badlands Capital is recognized as a Midwest Private Equity firm.
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Founded Year | Domain | Location | |
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Early and growth-stage tech startups are funded by Rosecliff Ventures.
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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 Thread
| 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 - Thread
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Thread Comparisons
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. 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 |
Digital workplace safety tools for inspections and audits are provided.
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| domain | founded_year | HQ Location |
Environmental footprints are measured via satellite imagery and AI analysis.
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| domain | founded_year | HQ Location |
AI-based visual automation is delivered for field operations.
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| domain | founded_year | HQ Location |
Web-based building energy management software solutions are provided.
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| domain | founded_year | HQ Location |
Provider of energy consumption analytics solutions
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| domain | founded_year | HQ Location |
A cloud platform that provides M2M vertical applications to manage a wide range of machine-to-machine devices.
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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 Thread
Frequently Asked Questions about Thread
When was Thread founded?
Thread was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Thread located?
Thread is headquartered in Grand Forks, United States. It is registered at Grand Forks, North Dakota, United States.
Who is the current CEO of Thread?
Joshua Riedy is the current CEO of Thread. They have also founded this company.
Is Thread a funded company?
Thread is a funded company, having raised a total of $36.44M across 6 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Dec 16, 2019.
What does Thread do?
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.
Who are the top competitors of Thread?
Thread's top competitors include SafetyCulture, Deepomatic and Beacon Power Services.
What products or services does Thread offer?
Thread offers UNITI.
Who are Thread's investors?
Thread has 10 investors. Key investors include Badlands Capital, Minnkota, Generational Partners, Rosecliff Ventures, and Excell.
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