What is TrackX?
TrackX specializes in delivering a cloud-based software platform that leverages multiple auto-ID technologies for the detailed management of physical assets. Its solutions are designed to provide businesses with enhanced inventory visibility, actionable insights, automatic asset tracking, real-time location services, and sophisticated yard management capabilities. Headquartered in Denver, Colorado, TrackX addresses the critical need for operational efficiency and asset control within enterprise environments.
How much funding has TrackX raised?
TrackX has raised a total of $5.3M across 2 funding rounds:
Share Placement
$5.2M
Debt
$150K
Share Placement (2017): $5.2M with participation from Canaccord Genuity, Haywood Securities Inc, and Paradigm Capital Inc
Debt (2020): $150K led by PPP
Key Investors in TrackX
Canaccord Genuity
Canaccord Genuity Group Inc. is a global financial services firm established in 1950, offering wealth management and capital markets services. It is publicly traded on the TSX.
Haywood Securities Inc
Founded in 1981 and headquartered in Vancouver BC, Canada, Haywood Securities Inc. is an investment bank providing research and advisory services to its clients.
Paradigm Capital Inc
Paradigm Capital Inc. is an investment firm with roots extending back to the early 1970s, specializing in small-cap equities and maintaining a strong belief in their outsize return potential.
What's next for TrackX?
The recent major strategic investment signals a new phase of growth and development for TrackX. This capital is expected to fuel further innovation in its IIoT platform, expand its market reach, and enhance its capabilities in real-time asset tracking and management. The company is poised to solidify its position as a leader in the enterprise IIoT software space, driving digital transformation for industries reliant on precise asset oversight.
See full TrackX company page
