Worximity Technology Inc. has successfully completed a search for funding, receiving $2M from W Investments and the Fonds de solidarité FTQ. The Montreal-based company specializes in monitoring manufacturing production in real time using its mobile Tileboard application and smart sensors. 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 even smarter.
Worximity Leads Industry 4.0
Since its start in 2011, Worximity has been striving to develop connectivity solutions to help factory managers and team members monitor their production in real time. This digitizing of manufacturing production, which began in Germany and has now expanded to manufacturing operations around the world, is known as the fourth industrial revolution. In a manufacturing context, the Industrial Internet of Things collects data and sends it to the Tileboard application, which is an authentic, real-time dashboard, compiling data from a range of industrial equipment. Ongoing production monitoring and alerts created according to the client’s standards guarantee that downtimes and decreases in production rates can be addressed immediately. Moreover, the analytical suites created by Worximity keep its clients a step ahead in the marketplace. By bringing tablets into the manufacturing sector, Worximity has enabled teams to work together more effectively and managers to increase productivity in their operations.