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Developer of a digital innovation platform designed to permit manufacturers to profit from the industrial internet of things. The company's platform offers first per-asset subscription service along with monitoring equipment and automatically identifying opportunities, enabling manufacturers to isolate, replicate and scale peak performance.
Last updated
In 2024, TwinThread's revenue reached $3.8M. The company previously reported $3.2M in 2024. Since its launch in 2016, TwinThread has shown consistent revenue growth.
TwinThread is a bootstrapped IoT Platforms startup. Founded in 2016, TwinThread has grown to $3.8M in revenue without raising any venture capital or outside funding.
As a self-funded IoT Platforms SaaS company, TwinThread has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
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We do not have customer count information for TwinThread yet.
TwinThread employs approximately 45 people as of 2026, up from 44 in 2023.
TwinThread generates $3.8M in revenue.
TwinThread was founded by Erik Udstuen.
The CEO of TwinThread is Erik Udstuen.
TwinThread is bootstrapped and has not raised outside funding.
TwinThread has 45 employees.
TwinThread is headquartered in Charlottesville, Virginia, United States.
TwinThread operates across multiple industries. Browse revenue, funding, and growth data for TwinThread in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$3.8M
Funding
$0
Team
45
Founded
2016
| Year | Milestone | Source |
|---|---|---|
| 2024 | TwinThread Hit $3.8m revenue in November 2024 | leadiq.com |
| 2024 | TwinThread Hit $3.2m revenue in October 2024 | Estimated |
| 2023 | TwinThread Hit $1.8m revenue in December 2023 | Estimated |
| 2021 | TwinThread Hit $873.7k revenue in April 2021 | |
| 2016 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 45 employees (October 2024) | |
| 2023 | Reached 44 employees (December 2023) | |
| 2022 | Reached 36 employees (December 2022) | |
| 2021 | Reached 26 employees (December 2021) | |
| 2021 | Reached 29 employees (April 2021) |
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