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§ Private Profile · Vienna, Austria
ToolSense is a company.
ToolSense has raised $4.0M across 1 funding round.
Key people at ToolSense.
ToolSense has raised $4.0M in total across 1 funding round.
ToolSense delivers an integrated Asset Operations Management platform, enabling businesses to digitize and optimize their equipment lifecycle. Its comprehensive suite includes asset tracking, work order management, preventive maintenance, and parts inventory. The platform leverages IoT hardware for real-time data, incorporating an AI assistant to enhance automation and decision-making across operational functions.
The company was founded in June 2017 by Alexander Manafi, Benjamin Petterle, and Rostyslav Yavorskyi. Their insight stemmed from a university computer science project, revealing a critical need to modernize inefficient, manual asset management. Alexander Manafi leads as CEO; Rostyslav Yavorskyi provides technical direction as CTO.
ToolSense supports asset-intensive sectors like construction, facilities, and education, offering solutions to boost efficiency and minimize downtime. The company’s vision centers on empowering maintenance and field service through actionable, data-driven insights. It aims to transform how businesses manage physical assets, fostering optimized workflows.
ToolSense has raised $4.0M in total across 1 funding round.
ToolSense's investors include btov Partners, IST cube, Ralf Kunzmann, Dr. Georg Hoblik, Martin Global, Segnalita Ventures.
Key people at ToolSense.
ToolSense has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in July 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2020 | $4M Seed | Btov Partners | IST Cube, Ralf Kunzmann, DR. Georg Hoblik, Martin Global, Segnalita Ventures | Announced |
ToolSense is a Vienna-based IoT startup founded in 2017 that builds an Asset Operations Platform combining SaaS software and IoT hardware to digitize and automate maintenance, repair, and operations (MRO) workflows for asset-intensive industries.[1][2][5] It serves companies in construction, facility management, logistics, hospitality, mining, agriculture, manufacturing, and more, solving problems like manual processes (e.g., Excel, pen-and-paper), equipment downtime, inefficient tracking, and lack of data-driven insights by providing live-tracking, sensor analytics, predictive maintenance, custom checklists, and integrations for tools, machines, vehicles, PPE, and even robots.[2][3][7] With estimated annual revenue of $5.8M, 50 employees, and 52% employee growth, ToolSense demonstrates strong momentum, partnering with global players like ISS (managing 500,000+ assets across 30+ countries) and integrating cleaning robots from CenoBots, Gausium, and Pudu.[1][4][6]
ToolSense was founded in 2017 in Vienna, Austria, by three entrepreneurs, including CEO and Co-Founder Alexander Manafi, who identified a gap while seeking solutions for a friend's MRO challenges in asset-heavy sectors.[2][5] Existing tools focused on either software or IoT alone, ignoring the need for integrated digitization and automation; the founders built a unified platform blending user-friendly SaaS with modern IoT devices for hand-operated power tools and broader assets.[1][2] Early traction came from local pilots, like with ISS Austria two years before their 2023 global partnership, evolving from power tool tracking to a comprehensive platform now trusted worldwide for facility services and beyond.[6]
ToolSense rides the IoT and digital transformation wave in asset-intensive industries, where manual processes hinder productivity amid labor shortages, sustainability pressures, and robot adoption in facility services.[2][4] Timing is ideal as facility management evolves—integrating traditional assets with autonomous robots like CenoBots positions it as the "world’s leading platform" for cleaning robot management, while market forces like rising operational costs (e.g., ISS's 500,000+ assets) favor its data-driven efficiency.[4][6] It influences the ecosystem by enabling OEMs, contractors, and service providers (e.g., Shape Capital portfolio) to build competitive advantages through automation, reducing environmental impact in high-emission sectors.[2][8]
ToolSense is poised for accelerated global expansion, leveraging partnerships like ISS and robot integrations to dominate asset operations in a $trillion+ market.[4][6] Trends like AI-enhanced predictive maintenance, further robot proliferation, and sustainability mandates will amplify its platform, potentially boosting revenue beyond $5.8M via new sectors like education and food production.[1][7][9] Its influence may evolve into an industry standard, empowering frontline workers and transforming MRO from cost centers to value drivers—tying back to its core mission of connecting assets for a future-proof economy.[2]
