Tech Company Financing Transactions
Thread - Autonomous Inspection Funding Round
On 10/10/2023, Thread - Autonomous Inspection raised $12 million in Series A financing from Badlands Capital, Excell Partners and Generational Partners.
Transaction Overview
Company Name
Announced On
10/10/2023
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to enhance it asset-agnostic autonomous inspection capabilities.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
4201 James Ray Drive
Grand Forks, ND 58202
USA
Grand Forks, ND 58202
USA
Phone
Undisclosed
Website
Email Address
Overview
Thread, the leader of enterprise-scale autonomous data collection for delivering precise inspection insights. Companies today struggle with asset inspection. Inspections are time consuming, expensive, and dangerous. Other robotic collection methods are manual, visual based, and overwhelm organizations with data. Thread addresses this with push button robotics, automated and intelligent data collection, with inspection insights ready for analyst review. Are you looking for a better approach to inspecting assets, interested in bringing your drone or robotics program in-house, or simply wanting to learn more, we would love to talk to you about your program.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joshua Riedy
Chief Operating Officer
James Higgins
Chief Technical Officer
Nick Zaccardi
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