ThoughtWire Announces Closing of $20 Million Financing to Drive the Future of Smart Cities, Smart Healthcare and Advanced Manufacturing Powered by IIoT

ThoughtWire, developers of the award-winning Ambiant IIoT platform, today announced the closing of a combined $20 million debt and Series A financing. ThoughtWire will use the financing to further the company's geographic growth using Ambiant to make cities smarter, buildings more automated and energy efficient, and hospitals and workplaces safer, by interconnecting and orchestrating people, workflows, data and things in real-time. The investment round includes a respected syndicate of new and current investors including Yaletown Partners, BDC Capital, Round13 Capital, Epic Capital and Comerica. "We are proud to have new partners who are invested in our vision and mission to orchestrate a healthier, safer and cleaner world, and the enormous market opportunity that lies ahead for ThoughtWire," says Michael Monteith, CEO of ThoughtWire. "We're excited to have the opportunity to apply this latest investment to grow our team and expand the impact of our forward-thinking technology on Smart Cities and buildings, better healthcare and advanced manufacturing." Over the last two years, after attracting worldwide recognition from both Gartner and Frost & Sullivan for Ambiant's use in healthcare, the Ambiant IIoT platform is now being applied across diverse industries to deliver intelligent automation and provide real-time guidance to machines and staff to predict and resolve issues, ensure safety, and achieve energy efficiency.