ThingTrax is an Industrial IoT company offering Software as a Service (SaaS) based solution to the manufacturing industry helping them track, capture and analyse data from machines and operators in real-time providing actionable business insights.
The solution helps manufacturers reduce their unplanned downtime through effective preventative maintenance and dramatically increases their operational efficiency empowering them to achieve competitive business advantage.
ThingTrax with its industrial IoT gateway combined with cutting edge software platform integrates with more than 300 devices and protocols enabling it to rapidly on board any manufacturing shop floor. Its low cost subscription-based rapid on-boarding solution offering makes it stand out from its competitors.
The solution helps manufacturers reduce their unplanned downtime through effective preventative maintenance and dramatically increases their operational efficiency empowering them to achieve competitive business advantage.
ThingTrax with its industrial IoT gateway combined with cutting edge software platform integrates with more than 300 devices and protocols enabling it to rapidly on board any manufacturing shop floor. Its low cost subscription-based rapid on-boarding solution offering makes it stand out from its competitors.
Location: United Kingdom, England, London
Employees: 11-50
Total raised: $6.92M
Founded date: 2015
Investors 5
| Date | Name | Website |
| - | Startupboo... | startupboo... |
| - | Cell VC | cell.vc |
| - | IDEALondon | idealondon... |
| - | SuperSeed | superseed.... |
| 03.08.2023 | Concentric | concentric... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 20.07.2023 | Seed | $5.6M | - |
| 25.06.2020 | Seed | $1M | - |
| 04.06.2017 | Seed | $322.65K | - |
Persons 1
| Date | First Name | Last Name | Title | |||
| - | Imran | Shafqat | - | linkedin.c... | - | i***n@thin... |
Mentions in press and media 14
| Date | Title | Description |
| 20.07.2023 | UK’s IoT startup Thingtrax raises €4.9M to help manufacturers improve operational productivity | Read this article in: UK-based Thingtrax, an IoT SaaS-based manufacturing performance platform that enables manufacturers to increase operational efficiency and reduce costs, announced on Thursday that it has secured £4.3M (approximately €4... |
| 20.07.2023 | Thingtrax Raises £4.3M in Pre-Series A Funding | Thingtrax, a London, UK-based provider of a SaaS-based manufacturing performance platform, raised £4.3M in Pre-Series A funding. The round was led by Concentric, Superseed and Puma Private Equity, with participation from Haatch, Portfolio V... |
| 20.07.2023 | Converting factories into intelligent manufacturing hubs, London’s Thingtrax raises £4.3 million | London-based Thingtrax has raised £4.3 million in a pre-Series A funding round. Combining cloud computing, robotics, industrial Internet of things (IIoT), artificial intelligence (AI), and computer vision technologies, ThingTrax helps manuf... |
| 20.07.2023 | London-based Thingtrax secures €5 million to empower manufacturers to build the factories of the future | - |
| 30.12.2022 | 2023 Startup Predictions: Addressing Real Problems Will Drive Growth | Despite the downturn there will be plenty of opportunities for innovative startups in 2023Photo by Planet Volumes on Unsplash |
| 25.06.2020 | Technology firm ThingTrax raises $1m | ThingTrax, a provider of smart technology solutions for the manufacturing industry, has today announced the close of a $1m seed round led by SuperSeed, investing alongside industrial specialist Sumaria. Founded in 2015, the company has been... |
| 25.06.2020 | London-based ThingTrax raises $1 million seed for smart manufacturing platform | ThingTrax, a London-based provider of smart technology solutions for the manufacturing industry, has closed a $1 million seed round led by SuperSeed, with support from industrial specialist Sumaria. The funding will go to global customer ac... |
| 12.07.2017 | The New Ways to Make Money as a Connected Hardware Startup | This blog post is the first in a new 10-part content series to help entrepreneurs build a connected hardware startup. Twenty years ago it was clear how you made money as a hardware startup: sell high volumes of your product at the highest ... |
| 29.05.2017 | ThingTrax Raises over £250k in Seed Funding | ThingTrax, a London, UK-based IoT startup, raised over £250k in seed funding. The round was led by Technology Venture Capital Investments. The company will use the funds to grow its customer base and continue to develop the platform. Founde... |
| 24.04.2017 | Goodbye IoT Version 1: Hello Version 2. | At the start of this year I wrote a piece highlighting four Internet of Things (IoT) trends to look out for in 2017. At the top of that list was a potential increase in the number of impactful B2B and industrial solutions within IoT, partic... |
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