About TwinThread
TwinThread is a company based in Charlottesville (United States) founded in 2016 by Erik Udstuen and Andrew Waycott.. TwinThread has raised $9.18 million across 2 funding rounds. The company has 28 employees as of December 31, 2024. TwinThread offers products and services including Industrial Cloud Platform, Digital Twins, AI Modeling, and Virtual Operations Center. TwinThread operates in a competitive market with competitors including Uptime AI, Augury, Uptake, ThingWorx and TRACTIAN, among others.
- Headquarter Charlottesville, United States
- Employees 28 as on 31 Dec, 2024
- Founders Erik Udstuen, Andrew Waycott
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Twinthread, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.18 M (USD)
in 2 rounds
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Latest Funding Round
$6.1 M (USD), Series A
Mar 16, 2022
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Investors
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Employee Count
28
as on Dec 31, 2024
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Products & Services of TwinThread
TwinThread offers a comprehensive portfolio of products and services, including Industrial Cloud Platform, Digital Twins, AI Modeling, and Virtual Operations Center. 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.
Transforms operations using AI and digital twins for efficiency
Virtualizes assets to enable automation and performance monitoring
Delivers prescriptive recommendations for operational improvements
Monitors and coordinates operations across multiple locations
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Funding Insights of TwinThread
TwinThread has successfully raised a total of $9.18M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6.1 million completed in March 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 Total Funding
- Total Rounds 2
- Last Round Series A — $6.1M
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First Round
First Round
(10 Aug 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series A - TwinThread | Valuation |
investors |
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| Aug, 2018 | Amount | Series A - TwinThread | Valuation |
investors |
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| 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 |
Investments & Acquisitions by TwinThread
| 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 - TwinThread
| 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 |
Twinthread Comparisons
Competitors of TwinThread
TwinThread 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 Uptime AI, Augury, Uptake, ThingWorx 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 |
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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 |
Platform to build and run applications for connected devices
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| domain | founded_year | HQ Location |
Provider of industrial maintenance and reliability solutions using sensors and software
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| domain | founded_year | HQ Location |
AI based platform offering predictive analytics solution
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about TwinThread
When was TwinThread founded?
TwinThread was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is TwinThread located?
TwinThread is headquartered in Charlottesville, United States. It is registered at Charlottesville, Virginia, United States.
Who is the current CEO of TwinThread?
Erik Udstuen is the current CEO of TwinThread. They have also founded this company.
Is TwinThread a funded company?
TwinThread is a funded company, having raised a total of $9.18M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.08M, raised on Aug 10, 2018.
How many employees does TwinThread have?
As of Dec 31, 2024, the latest employee count at TwinThread is 28.
What does TwinThread do?
TwinThread offers an artificial intelligence-based digital platform for monitoring the performance and utilization of industrial assets. The platform is hardware agnostic thereby interfacing with multiple sensors for collecting data and uses machine learning to recognize outliers. It alerts the stakeholder, in real-time, whenever any equipment is functioning in divergence with the expected norm. The platform additionally features troubleshooting tools allowing users to dig down the issues and resolve them same. Also allows automating solution across the fleet of equipment, in case a particular issue has arisen multiple times and the same solution has been applied. The company offers its solution on a per-asset subscription basis. As of May 2018, the product is in the development phase but users can sign up on the website to get early access. The target market includes equipment OEMs, manufacturers, and service providers.
Who are the top competitors of TwinThread?
TwinThread's top competitors include UpKeep, Uptime AI and Infinite Uptime.
What products or services does TwinThread offer?
TwinThread offers Industrial Cloud Platform, Digital Twins, AI Modeling, and Virtual Operations Center.