2024 Revenue
$3.8M
Funding
$0
YOY
114.5%
Team
45
Founded
2016
How TwinThread CEO Erik Udstuen grew to $3.8M revenue with a 45 person team in 2024.
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
TwinThread Revenue
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | TwinThread Hit $3.8m revenue in November 2024Source | |
| 2023 | TwinThread Hit $1.8m revenue in December 2023 | |
| 2021 | TwinThread Hit $873.7k revenue in April 2021 | |
| 2016 | Launched with $0 revenue |
TwinThread Valuation, Funding Rounds
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 | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for TwinThread yet.
TwinThread Employees & Team Size
TwinThread employs approximately 45 people as of 2026, up from 44 in 2023.
| Year | Milestone |
|---|---|
| 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) |
Frequently Asked Questions about TwinThread
What is TwinThread's revenue?
TwinThread generates $3.8M in revenue.
Who founded TwinThread?
TwinThread was founded by Erik Udstuen.
Who is the CEO of TwinThread?
The CEO of TwinThread is Erik Udstuen.
How much funding does TwinThread have?
TwinThread is bootstrapped and has not raised outside funding.
How many employees does TwinThread have?
TwinThread has 45 employees.
Where is TwinThread headquarters?
TwinThread is headquartered in Charlottesville, Virginia, United States.
Compare TwinThread to the industry
TwinThread operates across multiple industries. Browse revenue, funding, and growth data for TwinThread in each sector below.
Data and Sources
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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