# Thread

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thread-2

- Industry: Software
- Headquarters: Grand Forks, US
- Website: www.thread.one
- Total disclosed funding: $30M
- Latest round: Series A (Oct 10, 2023)
- Investors on record: 7

## About

Founded in 2019 and based in North Dakota, US, Thread, formerly Airtonomy, operates as a software development platform that engages in data collection. Josh Riedy (CEO), Jim Higgins (COO), and Travis Desell are the co-founders of the company. In October 2023, Thread raised USD 15 million in series A funding led by returning investor Badlands Capital, with participation from other returning investors Excell Partners, Generational Partners, Homegrown Capital, Minnkota Power Cooperative, O’Leary Ventures, and Rosecliff Ventures. 

The company provides the uniti inspection platform that addresses a fundamental need by being the link between data capture and data analytics. The firm also offers an airtonomy inspection platform that provides solutions that are application agnostic, providing a toolbox of drone-specific data management and flight automation components that allows enterprise customers to bring programs in-house. Thread's industrial use cases include oil and gas, power generation, telecom, power distribution, and insurance.

## Funding rounds

- Series A, Oct 10, 2023, $15M — Rosecliff Ventures, Excell Partners, Badlands Capitala, Homegrown Capital, O Leary Ventures, Generational Partners, Minnkota Power Cooperative
- Series A, Oct 27, 2022, $15M — Badlands Capitala

## Investors

- Badlands Capitala (https://capitalatlas.ai/funds/badlands-capitala) — Series A
- Rosecliff Ventures (https://capitalatlas.ai/funds/rosecliff-ventures) — Series A
- Excell Partners (https://capitalatlas.ai/funds/excell-partners) — Series A
- Homegrown Capital (https://capitalatlas.ai/funds/homegrown-capital) — Series A
- O Leary Ventures (https://capitalatlas.ai/funds/o-leary-ventures-2) — Series A
- Generational Partners (https://capitalatlas.ai/funds/generational-partners) — Series A
- Minnkota Power Cooperative — Series A