London-based Thingtrax secures €5 million to empower manufacturers to build the factories of the future
Summary
Thingtrax was established to accelerate the evolution of the industrial sector by helping CEOs activate a digitally enabled performance platform that improves operational excellence and reduces costs. It was founded in 2015 by Aman Gupta, a seasoned professional in solution architecture, agile methodologies, and business analysis, along with Imran Shafqat, a specialist in enterprise software development. We give manufacturers the tools and knowledge that they need to accelerate progress on their digitisation journey and the attainment of operational excellence.” Today’s CEOs don’t have an easy way to understand the limitations of their factories and improve performance. This funding will enable us to bolster the quality of our service, prioritise strategic partnerships and focus on expanding our customer base with an emphasis on Europe and the United States.” Speaking further on the investment, Alex Stroud, Investor at Concentric, said: “We have a strong belief that the industrial technology space is at an inflexion point. Thingtrax is supporting clients such as Berry, Carlco, RGE Group and Southern Champion, who are located across the UK, Europe, Asia, Africa and North America within various industries, including plastics, food & beverage, consumer packaged goods and automotive.
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