What is TrackX?
TrackX specializes in delivering a comprehensive cloud-based software platform that leverages multiple auto-ID technologies for the meticulous management of physical assets. Its solutions are designed to provide businesses with enhanced inventory visibility, actionable insights, automatic asset tracking, and real-time monitoring capabilities, alongside robust yard management functionalities. Headquartered in Denver, Colorado, TrackX addresses the critical need for efficient and accurate asset management in complex industrial 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 is a full-service financial services firm with expertise in wealth management and capital markets, established in 1950 and headquartered in Vancouver, British Columbia.
Haywood Securities Inc
Haywood Securities Inc. is a Canadian investment bank founded in 1981, offering research and advisory services to its clients from its headquarters in Vancouver, BC.
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 the outsize return potential of this market segment.
What's next for TrackX?
With the recent injection of major strategic capital, TrackX is poised to accelerate its market penetration and technological innovation. The enterprise-level funding suggests a focus on scaling operations, expanding its sales and support infrastructure, and potentially exploring new verticals or enhancing its existing IIoT capabilities. This strategic investment is likely to solidify TrackX's position as a key player in the industrial asset management software market, enabling it to better serve its growing enterprise client base and drive further adoption of its advanced tracking and visibility solutions.
See full TrackX company page
