When was TwinThread founded?

TwinThread was founded in 2016 and raised its 1st funding round 2 years after it was founded.

Where is TwinThread located?

TwinThread is headquartered in Charlottesville, United States. It is registered at 105 Monticello Ave, Charlottesville, VA 22902, USA.

Who is the current CEO of TwinThread?

Erik Udstuen of TwinThread. They have also founded 1 company.

How many employees does TwinThread have?

As of Jun 30, 2026, the latest employee count at TwinThread is 43.

Is TwinThread a funded company?

TwinThread is a funded company, having raised a total of $9.18M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 10, 2018.

When was the latest funding round of TwinThread?

TwinThread's latest funding was a $***** Series A round on Mar 16, 2022, with participation from 1 investor.

Where does TwinThread rank among its competitors?

TwinThread ranks 16th amongst 361 active competitors, of which 67 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 TwinThread?

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

TwinThread - 2026 Company Profile, Team, Funding & Competitors

TwinThread is a series A company based in Charlottesville (United States), founded in 2016 by Erik Udstuen. It operates as a Digital platform for monitoring the performance and utilization of industrial asset. TwinThread has raised $9.18M in funding. The company has 361 active competitors, including 67 funded and 37 that have exited. Its top competitors include companies like Uptake, Infinite Uptime and Augury.

Company Details

TwinThread offers an artificial intelligence-based digital platform for monitoring the performance and utilization of industrial assets. The platform is hardware agnostic thereby interfacing with multiple sensors for collecting data and uses machine learning to recognize outliers. It alerts the stakeholder, in real-time, whenever any equipment is functioning in divergence with the expected norm. The platform additionally features troubleshooting tools allowing users to dig down the issues and resolve them same. Also allows automating solution across the fleet of equipment, in case a particular issue has arisen multiple times and the same solution has been applied. The company offers its solution on a per-asset subscription basis. As of May 2018, the product is in the development phase but users can sign up on the website to get early access. The target market includes equipment OEMs, manufacturers, and service providers.

Website: www.twinthread.com/home
Social
Email ID: *****@twinthread.com
Phone Number: +1 **********
Registered Address: 105 Monticello Ave, Charlottesville, VA 22902, USA

Key Metrics

Founded Year

2016

Location

Charlottesville, United States

Stage

Series A

Total Funding

$9.18M in 2 rounds

Latest Funding Round

Series A, Mar 16, 2022, $*****

Investors

Frazier VC & 1 more

Ranked

16^th among 361 active competitors

Employee Count

43 as on Jun 30, 2026

Similar Companies

Uptake & 774 more

View TwinThread's full profile

TwinThread is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TWINTHREAD, INC. CIN: 6937039 , United States, Active	Jun 17, 2018	-	24 (As on Dec 31, 2022)	-

TwinThread has raised a total funding of $9.18M over 2 rounds. Its first funding round was on Aug 10, 2018. Its latest funding round was a Series A round on Mar 16, 2022 for $*****. 1 investor participated in its latest round. TwinThread has 2 institutional investors.

Here is the list of recent funding rounds of TwinThread:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 16, 2022	6335035	Series A	3164114	2841900	8276548	2272472
Aug 10, 2018	6183597	Series A	5810025	3498593	4793431	8671649

Access funding benchmarks and valuations. Sign up today!

View details of TwinThread's funding rounds and investors

The founders of TwinThread is Erik Udstuen. Erik Udstuen is the CEO of TwinThread.

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

Erik Udstuen: Co-Founder & CEO of TwinThread.
Contact Info: 1 email address

View details of TwinThread's Founder profiles and Board Members

TwinThread's employee count trend

TwinThread has 43 employees as of Jun 26. Here is TwinThread's employee count trend over the years:

Uncover TwinThread's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of TwinThread include Uptake, Infinite Uptime and Augury. Here is the list of Top 10 competitors of TwinThread, 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	Augury 2011, New York City (United States), Series F	Provider of IoT and cloud-based machine analytics and predictive maintenance solutions	$369M	Insight Partners, Formation 8 & 19 others	66/100
4th	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
5th	I-Care 2004, Mons (Belgium), Series C	Provider of predictive maintenance solutions	$72.6M	CPH, IMBC & 3 others	64/100
6th	SymphonyAI 2017, Palo Alto (United States), Seed	AI and SaaS-based solutions for digital transformation	$2M	Floodgate, SAIGroup	61/100
7th	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
8th	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
9th	Falkonry 2012, San Francisco (United States), Acquired	Provider of AI platform for time series data analysis and monitoring	$13.3M	Polaris Partners, Zetta Venture Partners ... & 10 others	56/100
10th	CorrosionRADAR 2016, Cranfield (United Kingdom), Series A	Provider of corrosion management solution for the oil and gas industry	$14.4M	Mercia, Innovate UK & 7 others	55/100
16th	TwinThread 2016, Charlottesville (United States), Series A	Digital platform for monitoring the performance and utilization of industrial asset	$9.18M	Frazier VC, Next Frontier Capital	49/100