Worximity Technologies, Inc. Receives $14M in Financing to Support R&D Efforts

Worximity Technologies, Inc. has announced they are set to receive $14 million in financing from agencies Investissement Québec and Fonds de solidarité FTQ, and its strategic investor Marel. 

This Montreal-based digital solutions provider was founded in 2011 and develops algorithms and digital technologies to measure manufacturing and performance in real time. This data can be used to identify, quantify, and prioritize improvement opportunities.

This investment will support their continued R&D efforts as the company continually strives to expand their range of solutions. Their existing solutions include TileConnect, Tile+, and Tilelytics which provide data collection, analytics, and management solutions. From smart sensors to dashboards, the tools provide automated processes and digital technologies to enhance accuracy and improve efficiency in manufacturing processes.

“Manufacturers are currently caught between unprecedented cost increases, staff shortage headaches to support orders and retailers who refuse to accept any price increase,” said Worximity founder and CEO Yannick Desmarais. “With our technologies, we allow companies to produce more with the same equipment and the same staff. This impacts directly profitability, competitiveness and the ability to deliver orders on time.”

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