About ToffeeX
ToffeeX is a company based in London (United Kingdom) founded in 2019 by Francesco Montomoli and Marco Pietropaoli. ToffeeX has raised $7.3 million across 2 funding rounds from investors including Exor, Presidio Ventures and Excellis. ToffeeX offers products and services including Generative Design Software and Cloud-Native Platform. ToffeeX operates in a competitive market with competitors including Cognite, PhysicsX, Tignis, Productive Machines and MetAI Yujian Intelligent Technology, among others.
- Total Equity Funding$7.3 M (USD)
in 2 rounds
- Latest Funding Round$6.03 M (USD), Series A
Aug 08, 2022
- InvestorsExor
& 6 more
Products & Services of ToffeeX
ToffeeX offers a comprehensive portfolio of products and services, including Generative Design Software and Cloud-Native Platform.
Tool for creating physics-based optimized designs for manufacturing.
Platform enabling quick design exports for industrial applications.
Apps and channels of ToffeeX
its YouTube channel ToffeeX has 188 subscribers and 30 videos.
Videos from ToffeeX
The most watched videos on ToffeeX's YouTube channel, ToffeeX (188 subscribers). Click a video to play it here.
More on ToffeeX.
Funding Insights of ToffeeX
ToffeeX has successfully raised a total of $7.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.03 million completed in August 2022. 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 $7.3M
- Total Rounds 2
- Last Round Series A — $6.0M
- First Round $1.3M
(09 Jul 2020)
- Investors Count 7
All 2 funding rounds of ToffeeX 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 |
|---|---|---|---|---|---|
| 08 Aug 2022 | $6.0M | Series A | – | Presidio Ventures | |
| 09 Jul 2020 | $1.3M | Seed | – | IQ Capital |
7 investors in total: 7 institutional.
Investors in ToffeeX
ToffeeX has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Exor, Presidio Ventures and Excellis.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is provided to multiple sectors by Presidio Ventures. | – | presidio-ventures.com | Santa Clara, United States | |
Investments are focused on Italian researchers turned entrepreneurs abroad. | – | excellis.it | Turin, Italy | |
Deep tech venture capital firm investing in European and global startups. | – | iqcapital.vc | - | |
Investments in early-stage startups advancing humanity are provided. | – | type1ventures.com | Los Angeles, United States | |
Innovate UK Business Connect is focused on connecting innovators with partners and opportunities to drive real-world solutions. | – | iuk-business-connect.org.uk | United Kingdom | |
Venture capital firm focused on health insurance companies and operates multiple industries | 1927 | exor.com | Amsterdam, Netherlands | |
Engineering expertise is fostered through grants, awards, and education by this academy. | – | raeng.org.uk | London, United Kingdom |
Investor details for ToffeeX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ToffeeX
2 people are tracked at ToffeeX (2 in leadership).
| Name | Role | Group |
|---|---|---|
Francesco Montomoli | Co-Founder | Leadership |
Marco Pietropaoli | Co-Founder & CEO | Leadership |
Complete people profiles for ToffeeX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ToffeeX
3 dated milestones of ToffeeX across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ToffeeX is founded.
- Funding First funding round of $1.3M.
- Funding Latest funding round, Series A, of $6.0M.
Competitors of ToffeeX
ToffeeX 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 Cognite, PhysicsX, Tignis, Productive Machines and MetAI Yujian Intelligent Technology, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cognite.com | 2016 | Lysaker, Norway | $225.0M | – | AI-based software for production data analysis and collaboration is provided. | |
| physicsx.ai | 2020 | London, United Kingdom | $167.0M | 28 | AI applications for accelerating physics simulations are developed. | |
| tignis.com | 2017 | Seattle, United States | $16.1M | 13 | Provider of AI-powered process control solutions | |
| productivemachines.co.uk | 2019 | Rotherham, United Kingdom | $3.4M | 14 | Machining toolpaths are optimized through specialized software. | |
| met-ai.net | 2022 | Taichung, Taiwan | $4.0M | – | Provider of AI and digital twin based manufacturing operations management solutions | |
| decisyon.com | 2005 | San Francisco, United States | $55.9M | – | A platform for corporate performance management is provided. |
Detailed competitors of ToffeeX
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to ToffeeX
10 companies that operate in the same segment as ToffeeX (Digital Twin & Simulation Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | – | – | |
Hexagon is recognized for delivering advanced measurement and automation technologies. | 1980 | Stockholm, Sweden | – | USD 6.52 B | – | |
Construction sites are monitored via AI-powered SaaS technology. | 2017 | San Francisco, California, United States | USD 198.7 M | – | – | |
Industrial process data is analyzed through advanced analytics solutions. | 2013 | Seattle, Washington, United States | USD 198.14 M | – | 138 | |
AI-based software for production data analysis and collaboration is provided. | 2016 | Lysaker, Norway | USD 225 M | – | 1 | |
No-code platform for AR and VR metaverse experiences is provided. | 2016 | San Mateo, California, United States | USD 10.6 M | USD 563.59 K | 61 | |
Network testing platform is utilized for visibility and outage prevention. | 2013 | Los Altos, California, United States | USD 112.97 M | – | – | |
Blockchain-based network for AI infrastructure and applications is operated. | 2017 | Cambridge, Cambridgeshire, United Kingdom | USD 61.95 M | – | – | |
Web-based platform for solar power plant optimization is developed. | 2019 | Berkeley, California, United States | USD 207 M | – | – | |
Provider of AI-based clinical trial management software | 2017 | San Francisco, California, United States | USD 127.13 M | – | – |
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Frequently Asked Questions about ToffeeX
ToffeeX was founded in 2019 and raised its 1st funding round 1 year after it was founded.
ToffeeX is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Marco Pietropaoli is the current CEO of ToffeeX. They have also founded this company.
ToffeeX is a funded company, having raised a total of $7.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.26M, raised on Jul 09, 2020.
ToffeeX was founded in 2019 in London, United Kingdom, and operates in the engineering software sector. A cloud-native platform is offered, where goals are set by users and designs are shaped through physics simulations. Algorithms and optimization techniques are utilized to generate components that adhere to design and manufacturing constraints, thereby streamlining the engineering process.
ToffeeX offers Generative Design Software and Cloud-Native Platform.
ToffeeX has 7 investors. Key investors include Exor, Presidio Ventures, Excellis, Innovate UK Business Connect, and IQ Capital.
ToffeeX operates through Toffeeam Limited.