Concentric
Assembly Line
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 manufacturers identify inefficiencies and reduce costs. According to the company, its solution can monitor 100% of production activity on the manufacturing floor and provide real-time visibility into daily management practices, all within a single system.
Thingtrax’s latest investment round was co-led by Concentric, Superseed, and Puma Private Equity, with Haatch, Portfolio Ventures, Vinci Venture Capital and several angel investors, including Charlie Songhurst participating.