ToolSense

Name: ToolSense
Brand: ToolSense
SKU: 6825f0ff788da5bffa16812f
Rating: 4.7 (131 reviews)

Overview of ToolSense Software Company

ToolSense is a Vienna-based technology company specializing in a mobile-first Asset Operations Platform designed for maintenance, repair, and operations (MRO) teams in asset-intensive industries such as construction, facility management, heavy industry, and manufacturing. The platform digitizes asset management processes, replacing traditional tools like Excel, WhatsApp, and pen and paper with an integrated SaaS and IoT solution. ToolSense enables companies to streamline workflows, improve safety, reduce downtime, and increase productivity by connecting assets, people, and processes in one unified system.

Founding and Growth

Founded: June 2017

Founders: Alexander Manafi, Benjamin Petterle, and Rostyslav Yavorskyi

CEO: Alexander Manafi, who has prior experience at Siemens, Quandoo, and Young & Rubicam

ToolSense experienced rapid growth especially during and after the COVID-19 pandemic, as companies sought digital solutions to manage remote teams and complex logistics.

In the last 12 months, ToolSense’s revenue more than tripled, and the number of managed assets on the platform grew by 600%.

The company currently serves over 700 customers across more than 30 countries, including notable clients like TYROLIT, Leonhard Weiss, WISAG, Compass Group, and STIHL.

ToolSense has won multiple industry awards, including the Construction Equipment Forum Startup Award, Futurezone IoT Award, and Interclean Innovation Award.

The team size is approximately 25 employees, with plans to expand sales, marketing, and product development to fuel further growth.

Funding and Valuation

ToolSense raised a €8 million Series A round led by PwC IIoT, with participation from Matterwave Ventures, aws Gründerfonds, and angel investors including founders of PlanRadar.

Prior to this, ToolSense secured a €3 million seed round led by btov Industrial Technologies Fund and other investors.

The company is positioning itself to become a global market leader in the emerging €56 billion Asset Operations Software industry.

Estimated annual revenue ranges between $100,000 and $5 million, reflecting strong growth potential.

The new capital is earmarked for expanding the team, scaling sales and marketing, and broadening the platform’s functionalities and industry reach.

Product Offerings and Features

Core Platform: A SaaS-based Asset Operations Platform that digitizes asset management, maintenance, and repair workflows.

IoT Integration: ToolSense provides IoT hardware and software that enable live tracking, sensor data analytics, and condition monitoring of power tools, machinery, and vehicles.

Digital Workflows: Users can manage preventive maintenance schedules, report issues via mobile devices, and conduct safety and quality inspections digitally.

Custom Forms and Inspections: Drag-and-drop form builder for creating tailored inspection checklists and workflows.

Automation: Automated notifications, spare parts ordering, and predictive maintenance capabilities reduce downtime and maintenance costs.

Data Transparency: Complete visibility into asset operations across organizations, enabling better decision-making and resource optimization.

Industry Applications: Construction, facility management, municipal maintenance, hospitality, agriculture, manufacturing, and heavy industry.

Customers report up to 20% productivity increases, 60% reduction in unplanned downtime, and 20% annual savings in asset and maintenance costs after adopting ToolSense.

ToolSense AI and New Features

Continuous development of IoT sensor integration for real-time asset monitoring.

Enhanced no-code tools for creating custom workflows and inspections.

Improved mobile-first user experience to facilitate frontline worker adoption.

Advanced analytics and reporting to optimize maintenance strategies and operational efficiency.

Integration capabilities with ERP and other enterprise systems for seamless data flow.

Company Culture and Values

ToolSense emphasizes digitization as a necessity for modern businesses, aiming to simplify and unify asset management processes.

The company values innovation, customer-centricity, and operational efficiency, focusing on empowering frontline workers and maintenance teams.

ToolSense fosters a collaborative and growth-oriented culture, reflected in its rapid team expansion and commitment to continuous product improvement.

The leadership team brings diverse experience from technology, industrial, and service sectors, driving a pragmatic yet visionary approach.

Recognized for quality and innovation, ToolSense has received multiple awards reflecting its commitment to excellence.

User Base and Community

ToolSense serves over 700 companies globally across more than 30 countries.

Its user base spans multiple sectors, including construction, facility management, heavy industry, municipal services, hospitality, agriculture, and manufacturing.

Notable customers include industry leaders such as TYROLIT, Leonhard Weiss, WISAG, Compass Group, and STIHL.

The platform supports a community of frontline workers, maintenance teams, and operations managers who benefit from streamlined workflows and enhanced asset visibility.

ToolSense maintains active communication channels, including customer support, training, and educational resources to foster user engagement and satisfaction.

ToolSense

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