Portfolio Company · Construction Tech and Industrial IoT

Triax Technologies

Labor productivity and workplace safety for industrial worksites

Exited

2012Founded

NorwalkConnecticut HQ

2024Acquired by Invixium

About the company

Triax Technologies

Triax Technologies built connected worker and real time location technology for construction and industrial jobsites. Its Spot-r platform pairs wearable clips and equipment tags with a site mesh network and cloud dashboard, giving managers live visibility into who is on site, where they are, and when a fall or hazard occurs. Founded in 2012 and based in Norwalk, Connecticut, Triax expanded from construction into energy, mining, and manufacturing before being acquired by Invixium in 2024.

Norwalk, CTConstruction, energy, mining and manufacturing

Visit triaxtec.com

What they do

Products and services

01Spot-r ClipWearable that reports worker location, time on site, and automatic slip, trip, and fall alerts

02Spot-r EquipTagTracks equipment location, utilization, and operator authorization

03Spot-r Mesh and RadiusJobsite networks and zones that do not rely on GPS

04Spot-r Access and Proximity Trace for site access control, social distancing, and contact tracing

05Cloud dashboard with integrations such as Procore and Autodesk

Leadership

Meet the team

CEO (as of 2021)Robert CostantiniLed Triax as CEO through its 2021 Series A.LinkedIn →

President & COO (as of 2018)Pete SchermerhornLed product and operations as Triax launched Spot-r EquipTag.

Chairman of the BoardScott MacDonaldCo-founder and managing partner of McRock Capital who joined the Triax board with the 2021 Series A.

Milestones

Along the way

October 2014Partnered with soccer star Abby Wambach to promote its early SIM-P head impact monitor for athletes
November 2017Announced Spot-r EquipTag for equipment tracking alongside the Spot-r Clip wearable
2020Launched Proximity Trace for COVID-19 social distancing and contact tracing; added energy, mining, and manufacturing clients
May 2021Launched Spot-r Radius
June 2021Raised $12.5 million Series A led by McRock Capital with Connecticut Innovations and existing shareholders
July 2024Acquired by Invixium, a Toronto based biometric access control and workforce management company; terms not disclosed

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