On March 5, 2018, ThoughtWire announced the closing of a combined $20 million debt and Series A financing. The round was led by Yaletown Partners, with participation from BDC Capital, Round13 Capital, Epic Capital and Comerica.
ThoughtWire plans to use the funding to develop its IIoT (Industrial Internet of Things) platform, called Ambiant. ThoughtWire will also use the funding to expand its team and geographic growth.
ThoughtWire is a Canadian technology company that develops and markets an application platform for enterprise and cloud applications. Smart cities and buildings, advanced manufacturers and healthcare providers use Ambiant’s platform to achieve intelligent automation and provide real-time guidance to staff so they can predict and resolve issues, ensure safety, achieve energy efficiency and deliver optimal experiences to citizens, patients, customers and tenants.
Osler, Hoskin and Harcourt LLP represented ThoughtWire with a team consisting of Chad Bayne, David Jamieson, Rebecca Wainstein and Andrew Irwin (Corporate), Steven Dickie (Employment) and Jason Pearlstein (Financial Services).