ThingWorx
Founded Year
1985Stage
Acquired | AcquiredTotal Raised
$13MValuation
$0000About ThingWorx
ThingWorx provides a software application platform designed for the connected world. The ThingWorx platform combines the key functionality of Web 2.0, search, and social collaboration, and applies it to the world of things, including connected products, machines, sensors, and industrial equipment. Businesses use the ThingWorx platform to deliver applications and connected solutions across markets ranging from manufacturing, energy, and food, to M2M remote monitoring and service, as well as in emerging Internet of Things applications, including smart cities, smart grid, agriculture, and transportation.
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Latest ThingWorx News
Mar 1, 2023
SecurityWeek Critical Vulnerabilities Patched in ThingWorx, Kepware IIoT Products Several ThingWorx and Kepware products are affected by two vulnerabilities that can be exploited for DoS attacks and unauthenticated remote code execution. By Several industrial IoT (IIoT) software products made by PTC are affected by two critical vulnerabilities that can be exploited for denial-of-service (DoS) attacks and remote code execution. The security holes were discovered by Chris Anastasio and Steven Seeley of Incite Team and reported to PTC in late March 2022. At around the time the two vulnerabilities were reported to PTC, Seeley and Anastasio took part in the 2022 ICS-focused Pwn2Own hacking competition, where they earned a total of $80,000 for their exploits. Several products are impacted by the security bugs, including ThingWorx Edge MicroServer (EMS) and .NET SDK, Kepware KEPServerEX, ThingWorx Kepware Server, ThingWorx Industrial Connectivity, and ThingWorx Kepware Edge. PTC has released updates that should address the vulnerabilities. The vendor noted that Kepware products are only vulnerable if the ThingWorx interface is enabled. Products from Rockwell Automation and GE may also be impacted if they use the ThingWorx interface. The US Cybersecurity and Infrastructure Security Agency (CISA) informed organizations about the vulnerabilities in an advisory published on February 23. According to CISA, the affected products are used worldwide in multiple industries. Advisories for each vulnerability were published on the Source Incite website on February 28. In addition to technical details, the researchers also released proof-of-concept (PoC) exploits. The flaws, CVE-2023-0754 and CVE-2023-0755 , are described as an integer overflow and an out-of-bounds write issue. They can allow a remote attacker to cause a DoS condition or execute arbitrary code in the context of the targeted application. Authentication is not required to exploit the vulnerabilities. Seeley told SecurityWeek that while remote code execution is technically possible, an attacker would most likely achieve a DoS condition by exploiting these flaws. However, in the case of industrial control systems (ICS), DoS attacks can often have a significant impact, as they can lead to the disruption of critical industrial processes. It’s unclear if the vulnerabilities can be exploited directly from the internet. A Shodan search for ThingWorx does show roughly 350 instances, but it’s unclear if any of them are impacted.
ThingWorx Frequently Asked Questions (FAQ)
When was ThingWorx founded?
ThingWorx was founded in 1985.
Where is ThingWorx's headquarters?
ThingWorx's headquarters is located at 350 Eagleview Blvd, Exton.
What is ThingWorx's latest funding round?
ThingWorx's latest funding round is Acquired.
How much did ThingWorx raise?
ThingWorx raised a total of $13M.
Who are the investors of ThingWorx?
Investors of ThingWorx include PTC and Safeguard Scientifics.
Who are ThingWorx's competitors?
Competitors of ThingWorx include FreeWave Technologies and 5 more.
Compare ThingWorx to Competitors
FreeWave Technologies develops industrial radios, amplifiers, accessories, and firmware
Exosite enables durable goods manufacturers in consumer, commercial, and industrial segments to quickly build and deploy solutions that capture the IoT generation of their business. Exosite provides an enterprise-grade, analytics-driven IoT software platform that allows OEMs to create economic leverage, while eliminating the risk and burden of custom infrastructure.
Axeda provides a cloud-based service and software for managing connected products and implementing M2M applications - reducing the cost and complexity of connecting and remotely servicing the products of companies. Axeda customers use its M2M application enablement platform to deliver M2M solutions and optimize business processes with data from connected products. By relying on the Axeda Platform to power connected products, companies are transforming their business by improving customer satisfaction, reducing costs, and generating new sources of revenue. The M2M solutions behind these connected products range from remote service, fleet management, usage-based insurance, asset tracking, mHealth, and more. Axeda Systems was formed from the union of Ravisent Technologies and eMation.
SeeControl provides a Cloud platform for asset monitoring, failure prediction and response management that help customers increase performance levels with lower operating costs. Customers have experienced better top and bottom line impact with specialty vehicle fleets, industrial equipment and other complex remote assets. OEM Partners such as ABB, BAE Systems and Premier Manufacturing create private-labeled smart services via the company's platform.
RACO Wireless is a provider of wireless data solutions to the M2M industry offering products and services that simplify mobile device management, reduce costs and ensure the availability of mission-critical mobile applications. The company is dedicated to supporting M2M applications and ready to meet the needs of any application. In October 2012, Inverness Graham Investments acquired a controlling stake in RACO Wireless. The valuation of RACO was undisclosed. Other terms of the deal were not released.
Meshify is a complete cloud-based Internet of Things (IoT) platform that develops electronic device management software; offers cross-platform measurement, monitoring, and control; and provides real-time monitoring and alerts of potential risks and information that improves business operations. Meshify offers software, hardware, and services that simplify the collection of data; manages complex monitoring; and displays sensor data in user-friendly web and mobile applications.
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