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ThingWorx(TM) Raises $5 Million to Accelerate Growth

DOWNINGTOWN, Pa. Feb. 16, 2011 ThingWorx $5 million Safeguard Scientifics, Inc.

Founded in 2009, ThingWorx is the first platform designed specifically for applications connecting people, systems and devices – "the connected world." 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 includes smart homes, cities, agriculture, transportation, and infrastructure.  

Russ Fadel

Erik Rasmussen Technology Group Board of Directors

About ThingWorx ThingWorxSW

About Safeguard Scientifics

Wayne, PA $25 million Safeguard LinkedIn


Russ Fadel

610 269 0116

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SOURCE ThingWorx

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