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 Ventures, Vinci Venture Capital and Charlie Songhurst.
The company intends to use the funds to support its growth through developing strategic partnerships, scaling the team and expanding its customer base in Europe and the US.
Founded in 2015 by Aman Gupta, a seasoned professional in solution architecture, agile methodologies, and business analysis, along with Imran Shafqat, a specialist in enterprise software development and led by CEO Paul Reader, Thingtrax provides an IoT SaaS solution that enables manufacturing businesses to improve efficiency and reduce costs through one integrated platform, using cloud computing, robotics, industrial Internet of things (IIoT), artificial intelligence (AI), and computer vision. Integrating with over 300 devices and protocols, it captures and analyses manufacturing operations data in real-time to drive productivity and process improvement throughout manufacturing operations.
FinSMEs
20/07/2023