ThingWorx, Inc.
Headquartered in Exton, PA, ThingWorx is a software platform designed to accelerate development of applications connecting people, systems and devices, amplifying productivity through collective intelligence and user-driven information. The platform’s ability to link people and systems with the physical world unlocks value in manufacturing, utilities and energy, as well as in smart homes, cities, agriculture, transportation, infrastructure, and medical devices. www.thingworx.com
Why ThingWorx? — ThingWorx’s disruptive technology provides all of the services and functionality required to quickly build and deploy secure, high-performance, connected applications regardless of whether they’re in the cloud, on an Intranet or on an embedded platform. ThingWorx extends the key functionality of Web 2.0, social media and the semantic web to the ‘world of things,’ creating a platform that amplifies the productivity of people through collective intelligence and user-driven information. The platform’s unique ability to link people and systems with the physical world unlocks tremendous value in industrial markets such as manufacturing, utilities and energy, as well as in emerging “Internet of Things” markets, which include smart homes, cities, agriculture, transportation, and infrastructure.
Market Opportunity — Thingworx is selling its application platform to large industries that have many smart devices that need connectivity. The Internet of Things fits wherever things impact resources – from manufacturing, energy, utilities, and transportation to emerging opportunities such as smart buildings, the smart grid, and telemedicine. This market is forecasted to be $4B of annual spend.
Safeguard Board Member — Erik B. Rasmussen and Mark A. Mitchell
Financial Summary — Safeguard has deployed $5 million in ThingWorx and has a 30% primary ownership position.
Initial Capital Depoyment — February 2011
Sector — Technology, Internet/New Media
