Machineio

Machineio

Global marketplace for industrial machinery sales

About Machineio

Simplify's Rating
Why Machineio is rated
A+
Rated A on Competitive Edge
Rated A+ on Growth Potential
Rated A on Rating Differentiation

Industries

Industrial & Manufacturing

Enterprise Software

Company Size

51-200

Company Stage

Series A

Total Funding

$3.9M

Headquarters

New York City, New York

Founded

2012

Overview

Machinio specializes in the buying and selling of industrial machinery and equipment through a global online platform. It operates as a search engine that connects buyers and sellers, making transactions efficient. The platform caters to a wide range of industries, including agriculture, construction, transportation, and manufacturing, listing various types of machinery from agricultural trailers to industrial equipment. Machinio's technology enhances the user experience with advanced search algorithms and a user-friendly interface, allowing buyers to easily find what they need and sellers to reach a broad audience. Unlike its competitors, Machinio focuses on creating a seamless marketplace that introduces thousands of dealers and suppliers to millions of buyers each year. The company's goal is to facilitate quick inventory turnover for sellers while providing buyers with a diverse selection of machinery and equipment.

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for eco-friendly machinery boosts the used equipment market.
  • Online auctions expand Machinio's reach, attracting more buyers and sellers.
  • Digital transformation in the industrial sector benefits Machinio's online platform.

What critics are saying

  • Emerging marketplaces in niche sectors could dilute Machinio's market share.
  • Geopolitical tensions may impact Machinio's operations in certain international markets.
  • Equipment leasing trends could reduce demand for used machinery, affecting Machinio's business.

What makes Machineio unique

  • Machinio offers the most comprehensive marketplace for used industrial machinery globally.
  • The platform connects buyers and sellers across diverse industries like agriculture and construction.
  • Machinio's advanced search algorithms enhance user experience with accurate, personalized results.

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Funding

Total Funding

$3.9M

Below

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$3M
Machineio
$5M
ByteDance
$8.2M
Discord
$15M
Canva
$100M
GitHub

Company News

MarketScreener
Jan 19th, 2024
XCMG E-Commerce Inc Selects Machinio as Key Partner in Post-Market Program

XCMG e-commerce Inc selects Machinio as key partner in post-market program.

TechCrunch
Oct 17th, 2023
With $33M Series C, Fingerprint Looks To Expand Device Intelligence Platform

Fingerprint, a device intelligence API, helps developers build security solutions using information from hardware accessing a website. The primary goal is to help prevent fraud.Today, the Chicago-based company announced a $33 million Series C investment ​​led by Nexus Venture Partners with participation from Uncorrelated Ventures.Dan Pinto, the company’s co-founder and CEO says what his startup does really well is identifying devices on the internet, whether through a browser like Chrome, Safari or Firefox, or through a mobile operating system via a native app on your phone. He argues that the methods of tracking devices like cookies and IP addresses don’t really work anymore with changes in browser technology, especially with the ability to hide who you are using a VPN.“Fundamentally being anonymous on the internet means that you can do bad things,” Pinto told TechCrunch.“We provide our [fingerprinting] service to high scale businesses in order to uniquely identify devices and prevent things like people logging into other people’s accounts they’re not supposed to, using stolen credit cards across multiple fake accounts and things like that.”They do this via an API, enabling developers to link to their service to help prevent fraud on their websites. He says they look for things like things like what fonts are installed on the device, the screen resolution all the way to really deep technical things like how the device completes an SSL handshake with the server. The company’s technology is based on an open source library called Fingerprint.js, created by co-founder and CTO Valentin Vasilyev.Pinto met Vasilyev at his previous startup, Machinio, when he hired him as one of the company’s first software engineers. By that time, Vasilyev had already created the open source Fingerprint.js project and it was gaining in popularity

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