TEEPTRAK

TEEPTRAK, founded in 2014 by François Coulloudon, develops and commercializes systems for monitoring industrial performance. Coulloudon, a former R&D engineer and operations consultant with experience at Renault and Boston Consulting Group, identified a need for accessible performance measurement tools for manufacturers of all sizes. The company's headquarters are in Paris, France.

TEEPTRAK provides all-in-one, plug-and-play solutions combining hardware and software to track and analyze production metrics in real-time. The systems are designed for rapid, non-invasive installation on virtually any type of production equipment, old or new, often in under an hour. The core of the offering involves an electronic module to capture machine data, a tablet for operator input, and a web-based platform for data visualization and analysis. The company's product suite includes PerfTrak for Overall Equipment Effectiveness (OEE), QualTrak for quality control, PaceTrak for operator pace, and ProcessTrak for monitoring physical data like energy consumption. This allows manufacturers to identify performance loss, reduce downtime, improve productivity, and digitize quality control, often realizing a return on investment within a few months.

The business model is based on selling the hardware combined with a SaaS subscription for the software platform. TEEPTRAK serves a diverse client base ranging from small and medium-sized enterprises to large corporations like Stellantis (formerly PSA), Safran, and Hutchinson across various sectors including automotive, aerospace, and food and beverage. The company has deployed its solutions in over 150 factories across multiple continents. In late 2024, TEEPTRAK announced a €5 million funding round led by SHIFT Invest, with participation from existing investors XAnge and EDF, as well as Sia Partners. This funding is intended to fuel global expansion, particularly in the US and Chinese markets, with plans to open new offices and significantly increase headcount.

Keywords: industrial performance monitoring, OEE, production tracking, IIoT, manufacturing analytics, smart factory, Industry 4.0, lean manufacturing, downtime analysis, operational excellence, real-time data, quality control, plug and play, SaaS, production efficiency, machine monitoring, process optimization, data acquisition, productivity improvement, asset performance management