Worximity Technology
Latest round
- Series B
Last raised
- May 2022
Total raised
- $11M
Investors
- 3
About Worximity Technology
Worximity Technology Inc.Founded in 2011 in Montreal, Canada, Worximity Technology Inc. specializes in production monitoring software tailored for the manufacturing industry.Worximity specializes in real-time production monitoring software designed to enhance operational efficiency and profitability within the manufacturing sector. The core offering focuses on Overall Equipment Effectiveness (OEE) solutions that provide manufacturers with critical insights into their production processes, enabling them to minimize waste, increase uptime, and boost overall productivity. This software serves various end-use cases, including monitoring machinery performance, optimizing workflow, and empowering manufacturing teams with actionable data. The company’s client base encompasses a diverse array of manufacturing businesses across multiple industries, including automotive, food and beverage, and consumer goods, with products distributed primarily in North America and Europe.Worximity’s revenue model is primarily structured around subscription-based services, providing clients with ongoing access to its production monitoring software. Transactions typically occur through annual subscriptions, where clients pay for access to the software and associated expert support to maximize their return on investment. The pricing structure reflects different tiers of service based on the size of the manufacturing operation and the specific features utilized. Flagship products, such as the OEE monitoring system, are significant contributors to the company’s revenue, facilitating essential production insights that drive efficiency and profitability for clients.In May 2022, Worximity Technology Inc. The company is focusing on expanding its product offerings and enhancing its technology to meet evolving client needs. There are plans to penetrate new markets across North America and Europe by the end of 2023, as they aim to broaden their client base and increase market presence.
Who invested in Worximity Technology
3 investors across 1 round
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Funding rounds
Series B
May 25, 2022
Amount
$11M
Investors
Questions about Worximity Technology
Who invested in Worximity Technology?
Worximity Technology has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Worximity Technology raised?
Worximity Technology has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Worximity Technology last raise money?
Worximity Technology's most recent round on record is a Series B, in May 2022.
What does Worximity Technology do?
Worximity Technology is a software company.
Where is Worximity Technology headquartered?
Worximity Technology is headquartered in Montreal, Canada.
Which VCs invest in companies like Worximity Technology?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Worximity Technology's stage. Their profiles are linked below.
VCs backing software startups at Series B
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