ThingWorx completes $8 million Series C

Tom Paine

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Exton-based "Internet of Things" M2M application platform startup ThingWorx has apparently completed a
Series C round first announced in October, according to an updated SEC filing appearing on FormDs.com. The new filing shows that ThingWorx has raised $8 million (well, actually $7,999,977), up from about $5.4 million reported for the round in October.

ThingWorx previously raised a $5 million Series B in early 2011, bringing its total funding raised to date to at least $13 million. Both the Series B and Series C were lead by Safeguard Scientifics.

ThingWorx has developed a number of customer relationships to extend its M2M application platform into different vertical industrial markets.

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