Participated · Seed · Jun 2020

Thingtrax provides an IoT SaaS manufacturing performance platform that captures and analyses real-time manufacturing operations data to drive productivity and process improvement across manufacturing operations. The platform integrates with over 300 devices and protocols and leverages cloud computing, robotics, IIoT, AI and computer vision. Thingtrax's integrated solution is designed to help manufacturers improve efficiency and reduce costs. The company was founded in 2015 by Aman Gupta and Imran Shafqat and is led by CEO Paul Reader. It intends to use the new funding to develop strategic partnerships, scale the team and expand its customer base in Europe and the US. The article reports a £4.3M Pre-Series A raise but provides no revenue or user metrics. ThingTrax’s core product is an end-to-end platform that links machines, robotics and employees via cloud computing, IoT, AI and computer vision, presenting all data in one dashboard. The company recently added computer vision capabilities to monitor manufactured objects and on‑floor employees. Customers use the vision features for COVID‑19 social distancing compliance and internal contact tracing at some facilities. The platform is deployed across plastics, automotive, FMCG, medical and packaging factories, with industry-specific benefits such as energy efficiencies and redeploying skilled workers to reduce downtime. The recent financing will fund global customer acquisition and expansion of sales and technical teams. Founders include Aman Gupta (formerly at IBM) and Imran Shafqat (former Microsoft cloud architect). ThingTrax offers a Software-as-a-Service industrial IoT platform and gateway that integrates with more than 300 devices and protocols to rapidly onboard manufacturing shop floors. The platform captures machine and operator data in real time and provides actionable business insights for manufacturers. The company plans to use the new funding to grow its customer base and continue developing the platform. ThingTrax was founded in 2015 by Aman Gupta and Imran Shafqat and is based in London, UK. It recently graduated from the Startupbootcamp IoT program. The company has received support from AI Seed Fund and FOMCAP.