About Worximity
Worximity is a company based in Montreal (Canada) founded in 2011.. Worximity has raised $16.45 million across 5 funding rounds from investors including Canadian Imperial Bank of Commerce, Marel and Invest Quebec. Worximity offers products and services including OEE Monitoring, Analytics and Reporting, Quality Module, and iForms Module. Worximity operates in a competitive market with competitors including Tulip, Braincube, Trio Mobil, Praemo and Linecraft, among others.
- Headquarter Montreal, Canada
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Sectors
Industrial Goods & ManufacturingTechnology
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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
$16.45 M (USD)
in 5 rounds
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Latest Funding Round
$8.2 M (USD), Series B
May 25, 2022
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Investors
Canadian Imperial Bank of Commerce
& 4 more
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Employee Count
Employee Count
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Products & Services of Worximity
Worximity offers a comprehensive portfolio of products and services, including OEE Monitoring, Analytics and Reporting, Quality Module, and iForms Module. 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.
Tool for real-time equipment effectiveness analysis in manufacturing.
Provides trends and insights to optimize production processes.
Monitors product quality metrics during manufacturing operations.
Facilitates digital forms for efficient data gathering in factories.
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Funding Insights of Worximity
Worximity has successfully raised a total of $16.45M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $8.2 million completed in May 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 5
- Last Round Series B — $8.2M
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First Round
First Round
(02 Dec 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Debt – Conventional - Worximity | Valuation |
investors |
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| May, 2022 | Amount | Series B - Worximity | Valuation | Invest Quebec | |
| Mar, 2020 | Amount | Debt – Conventional - Worximity | Valuation |
investors |
| 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 Worximity
Worximity has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Marel and Invest Quebec. 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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A private equity fund based in Montreal, Canada, is operated.
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Founded Year | Domain | Location | |
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Business guidance for corporate companies and startups
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Founded Year | Domain | Location | |
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Offers savings plans, investments, and financing for businesses and individuals.
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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 Worximity
| 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 - Worximity
| 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 |
Worximity Comparisons
Competitors of Worximity
Worximity 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 Tulip, Braincube, Trio Mobil, Praemo and Linecraft, 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 |
IoT-based software for manufacturing efficiency and data integration is provided.
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| domain | founded_year | HQ Location |
Cloud-based IoT and data analytics are offered for manufacturing operations.
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| domain | founded_year | HQ Location |
IoT and Tracking Solutions - Trio Mobil
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| domain | founded_year | HQ Location |
AI-based production analytics solutions are provided to predict operational failures.
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| domain | founded_year | HQ Location |
Cloud and IoT-based production analysis solutions for manufacturing are provided.
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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 Worximity
Frequently Asked Questions about Worximity
When was Worximity founded?
Worximity was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Worximity located?
Worximity is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is Worximity a funded company?
Worximity is a funded company, having raised a total of $16.45M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.5M, raised on Dec 02, 2015.
What does Worximity do?
Founded in 2011 and based in Montreal, Canada, Worximity operates in the manufacturing software sector. Real-time monitoring of production units is enabled through a mobile application connected to sensors on equipment. Integration with ERP systems is supported to deliver a unified view of key performance indicators, including productivity, downtime, material efficiency, overproduction, and overall equipment effectiveness (OEE). Insights are provided to decision-makers across various manufacturing sites.
Who are the top competitors of Worximity?
What products or services does Worximity offer?
Worximity offers OEE Monitoring, Analytics and Reporting, Quality Module, and iForms Module.
Who are Worximity's investors?
Worximity has 5 investors. Key investors include Canadian Imperial Bank of Commerce, Marel, Invest Quebec, Fonds de solidarite FTQ, and W Investments.