IoT SaaS startup Thingtrax has received investment. It raised €5 million in a Pre-Series A round co-led by Concentric, Superseed and Puma Private Equity. It was also backed by Haatch, Portfolio Ventures, Vinci Venture Capital and several well-known angel investors, including Charlie Songhurst. The funding will accelerate expansion by developing strategic partnerships, scaling the team and expanding the customer base in Europe and the US.
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Thingtrax
What do we know about Thingtrax? Founded to accelerate the development of the industrial sector. Founded in 2015 by Aman Gupta, an experienced professional in solution architecture, agile methodologies and business analysis, and Imran Shafqat, an enterprise software development specialist. Today the company is led by CEO Paul Reader. Today's CEOs have no easy way to understand the limits of their factories and improve performance. Thingtrax set out to transform factories into smart manufacturing centers. It solves this through a single integrated platform using cloud computing, robotics, industrial internet of things (IIoT), artificial intelligence (AI) and computer vision.
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