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ThoughtWire Announces $20 Million Funding

ThoughtWire Announces $20 Million Funding
Credit: thoughtwire.com

ThoughtWire today announced the closing of a combined $20 million debt and Series A financing. The investment round includes a respected syndicate of new and current investors, including Yaletown Partners, BDC Capital, Round13 Capital, Epic Capital and Comerica.

According to the company, ThoughtWire’s Ambiant platform delivers intelligent automation and provides real-time guidance to machines and staff to predict and resolve issues, ensure safety, and achieve energy efficiency across multiple industries. For smart buildings and cities, Ambiant is used to guide proactive maintenance, improve cost and energy efficiency, and deliver a more personalized tenant experience. In manufacturing, Ambiant is being applied to develop self-optimizing production lines to reduce downtime and prevent component failures and for advanced efficiency and clean operations.