Worximity receives $2M to export smart factory tech

Dec. 3, 2015 – Worximity Technology has completed a search for funding, receiving $2 million from W Investments and the Fonds de solidarité FTQ. The Montreal, Que.-based company specializes in monitoring manufacturing production in real-time using its mobile Tileboard application and smart sensors.

The company says it will use the 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 says that since its start in 2011, it 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,” it noted. It adds that ongoing production monitoring and alerts created help address downtimes and decreases in production rates as quickly as possible.

“Worximity’s goal is to provide managers with key data so they can take prompt and effective action. Rather than waiting for Excel or paper reports at week- or month-end, managers can have access to these crucial figures right away,” said Worximity founder Yannick Desmarais. “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.”

“In the coming years, all manufacturers will be monitoring their operations in real time from anywhere in the world. This investment will allow us to maintain our position as a leader in this field and to better meet the growing demand,” continues Desmarais.

“Thanks to its dynamic team, Worximity is a company that knows how to use technology to help manufacturers. This is a great example of how more traditional sectors of the economy can benefit from innovation, and how manufacturing firms can improve their productivity and performance,” said Alain Denis, senior vice-president for Innovation at the Fonds de solidarité FTQ.