ThingWorx Raises Series C Financing
ThingWorx, an Exton, PA-based provider of a software application platform designed for today’s connected world, has raised a Series C financing of undisclosed amount.
The round has been led by Safeguard Scientifics (NYSE:SFE), which led a $5m round for the company in 2011.
ThingWorx intends to use the proceeds to further strengthen its sales and customer care teams.
Led by Russ Fadel, CEO, ThingWorx provides organizations across dozens of industries with a connected platform to build applications that enable remote services, power telematics, monitor smart devices, and gain insight into manufacturing and industrial processes.