What is Worximity?
Founded in 2011, Worximity Technology Inc. is an industrial technology firm that provides innovative solutions for automatic data collection, real-time monitoring, and advanced analytics. Leveraging machine learning and artificial intelligence, the company empowers over 200 customers worldwide to enhance performance through more than 1,200 projects. Its offerings include predictive insights and machine learning capabilities, aimed at optimizing industrial operations.
How much funding has Worximity raised?
Worximity has raised a total of $20.7M across 4 funding rounds:
Private Equity
$2M
Series A
$6.3M
Debt
$1.5M
Series B
$10.9M
Private Equity (2015): $2M with participation from Fonds de solidaritu00e9 FTQ and W Investments
Series A (2019): $6.3M led by Fonds de Solidarité FTQ, W Investments, and Marel
Debt (2020): $1.5M supported by CIBC
Series B (2022): $10.9M featuring Fonds de Solidarité FTQ, Investissement Quebec, and Marel
Key Investors in Worximity
Fonds de Solidarité FTQ
Fonds de Solidarité FTQ is a Canadian private equity and venture capital firm with a focus on start-ups and early-stage ventures, likely providing strategic capital for growth.
W Investments
W Investments is a Canadian private equity fund that invests its own capital in businesses with significant enterprise value, suggesting a focus on mature growth-stage companies.
CIBC
CIBC is a major Canadian financial institution offering a wide range of financial services, indicating a role in providing debt financing or corporate banking solutions.
What's next for Worximity?
The substantial enterprise-level investment indicates Worximity is likely in a scaling or expansion phase, focusing on broadening its market reach and further developing its AI-driven industrial intelligence platform. This strategic backing will likely fuel product innovation, enhance sales and marketing efforts, and potentially support international expansion, solidifying its position as a leader in smart factory solutions.
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