Worximity Technology, a specialist in smart factory technology, has raised $2 million in venture capital.
The Montreal company’s funding round was led by W Investments and the Fonds de solidarité FTQ.
“Worximity’s goal is to provide managers with key data so they can take prompt and effective action. They know what is happening in their facilities at any given time, whether their operations are centralized in Montreal or are spread across separate continents,” explains Worximity founder Yannick Desmarais.
Worximity specializes in monitoring manufacturing production in real time using its mobile Tileboard application and smart sensors. It says it will use this capital investment to increase the size of its computer development team to pursue opportunities in the U.S. market and take developing new technologies one step further so factories can become smarter.
“The digital shift, which a number of industry leaders have already embraced, will undoubtedly become more pronounced with the rise of the Industrial Internet of Things. In the coming years, all manufacturers will be monitoring their operations in real time from anywhere in the world,” adds Yannick Desmarais.
Worximity was founded in 2011.