ThingWorx raises $5m from Safeguard Scientifics.
Safeguard Scientifics, a US-based medical devices company, has led a $5m series B round for ThingWorx, a local application platform for connecting people, systems and devices.
Russ Fadel, chief executive of ThingWorx, said: "Safeguard could bring more than simply financing to our organization and could provide a number of additional operational and strategic services to our company."
Erik Rasmussen, vice-president of the technology group at Safeguard Scientifics, said: "More and more intelligent devices are being connected to the Internet…
