When was ThingWorx founded?

ThingWorx was founded in 2009 and raised its 1st funding round 2 years after it was founded.

Where is ThingWorx located?

ThingWorx is headquartered in Boston, United States. It is registered at Needham, Massachusetts.

How many employees does ThingWorx have?

As of Mar 01, 2026, the latest employee count at ThingWorx is 10 - 49.

Is ThingWorx a funded company?

ThingWorx is a funded company, having raised a total of $18.4M across 3 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Feb 16, 2011.

How much is ThingWorx worth?

The last known valuation of ThingWorx was $***** as of May 24, 2016.

When was the latest funding round of ThingWorx?

ThingWorx's latest funding was a $***** Series C round on Feb 06, 2013, with participation from 0 investor.

Where does ThingWorx rank among its competitors?

ThingWorx ranks 15th amongst 584 active competitors, of which 96 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Infinite Uptime, which secured $121K in Feb, 2026.

Who are the top competitors of ThingWorx?

ThingWorx's top competitors include Uptake, Infinite Uptime and Losant. Among them, Infinite Uptime secured the most recent funding round in February, 2026.

ThingWorx - 2026 Company Profile, Team, Funding & Competitors

Q: Is ThingWorx an acquired company?

ThingWorx got acquired by PTC on Dec 30, 2013.

ThingWorx is an acquired company based in Boston (United States), founded in 2009 by Russell Fadel and John Richardson. It operates as a Platform to build and run applications for connected devices. ThingWorx has raised $18.4M in funding from Safeguard Scientifics, with last known valuation of $*****. The company has 584 active competitors, including 96 funded and 50 that have exited. Its top competitors include companies like Uptake, Infinite Uptime and Losant.

Company Details

ThingWorx transforms application development for the the connected world, allowing companies to achieve a step change in operational innovation and resource efficiency. Acquired by PTC for $112M in December of 2013.

Website: thingworx.com
Registered Address: Needham, Massachusetts

Key Metrics

Founded Year

2009

Location

Boston, United States

Stage

Acquired

Total Funding

$18.4M in 3 rounds

Latest Funding Round

Series C, Feb 06, 2013, $*****

Last Known Valuation

$***** as on May 24, 2016

Investors

Safeguard Scientifics & 1 more

Ranked

15^th among 584 active competitors

Employee Count

10 - 49 as on Mar 01, 2026

Investment & Acquisitions

Palantiri Systems

Similar Companies

Uptake & 712 more

Exit Details

Acquired by PTC (Dec 30, 2013)

View ThingWorx's full profile

ThingWorx is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PTC INC. CIN: 42866152 , Belgium, Active	Dec 31, 1984	€1B+ (As on Sep 30, 2025)	2357 (As on Dec 31, 2022)	-

ThingWorx got acquired by PTC on Dec 30, 2013 at an acquisition amount of $*****.

Click here to take a look at ThingWorx's acquisition in detail

ThingWorx has raised a total funding of $18.4M over 3 rounds. Its first funding round was on Feb 16, 2011. ThingWorx has 2 institutional investors.

Here is the list of recent funding rounds of ThingWorx:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 06, 2013	2358487	Series C	7026650	9904260	6253890	7275709
Oct 10, 2012	5521860	Series C	6994710	8167175	4390540	5710173
Feb 16, 2011	8927489	Series B	3510907	7753146	Safeguard Scientifics	9963185

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View details of ThingWorx's funding rounds and investors

The founders of ThingWorx are Russell Fadel and John Richardson.

Here are the details of ThingWorx's key team members:

Russell Fadel: Co-Founder of ThingWorx and founder of 2 other companies, Lighthammer and burningskysoftware.com.
John Richardson: Co-Founder & COO of ThingWorx.

View details of ThingWorx's Founder profiles and Board Members

ThingWorx's employee count trend

ThingWorx has 10 - 49 employees as of Mar 26. Here is ThingWorx's employee count trend over the years:

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Top competitors of ThingWorx include Uptake, Infinite Uptime and Losant. Here is the list of Top 10 competitors of ThingWorx, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Uptake 2014, Chicago (United States), Series D	Cloud-based platform for predictive analytics and asset performance management	$282M	Baillie Gifford, Revolution & 13 others	71/100
2nd	Infinite Uptime 2015, Alpharetta (United States), Series C	Provider of AI-powered predictive maintenance solutions for industrial equipment reliability	$68.7M	Ventureast, Tiger Global Management & 21 others	67/100
3rd	Losant 2015, Cincinnati (United States), Acquired	Provides a cloud-based platform for IOT application development	$25.2M	CincyTech, Revolution & 3 others	66/100
4th	Augury 2011, New York City (United States), Series F	Provider of IoT and cloud-based machine analytics and predictive maintenance solutions	$369M	Insight Partners, Qualcomm Ventures & 19 others	66/100
5th	Uptime AI 2019, San Francisco (United States), Series A	Provider of AI reasoning agents for industrial operational excellence solutions	$19M	WestBridge Capital, YourNest & 13 others	65/100
6th	I-Care 2004, Mons (Belgium), Series C	Provider of predictive maintenance solutions	$72.6M	CPH, IMBC & 3 others	64/100
7th	PubNub 2010, San Francisco (United States), Series E	Provider of infrastructure and APIs for real-time interactive application development	$135M	Sapphire Ventures, Hewlett Packard Pathfinder ... & 14 others	63/100
8th	SymphonyAI 2017, Palo Alto (United States), Seed	AI and SaaS-based solutions for digital transformation	$2M	Floodgate, SAIGroup	61/100
9th	TRACTIAN 2019, Sao Paulo (Brazil), Series C	AI company specializing in predictive maintenance and asset monitoring for manufacturing	$196M	Next47, Sapphire Ventures & 14 others	59/100
10th	Nanoprecise 2015, Edmonton (Canada), Series C	Provider of AI-based predictive maintenance solutions for industrial equipment	$48M	Export Development Canada, Sensata & 8 others	57/100
15th	ThingWorx 2009, Boston (United States), Acquired	Platform to build and run applications for connected devices	$18.4M	Momenta, Safeguard Scientifics	53/100