News | Yaletown Participates in Latest Financing by Portfolio Company ThoughtWire

Yaletown Participates in Latest Financing by Portfolio Company ThoughtWire

 August 17, 2020

Yaletown Partners is proud to have participated in ThoughtWire’s recent $11.5 million financing. Other investors included BDC Capital, Canadian Business Growth Fund, Greensoil PropTech Ventures and EDC.

ThoughtWire will use this latest financing to further its mission of creating smarter built environments and to pursue international growth initiatives.

ThoughtWire has been a Yaletown portfolio company since 2018, when Yaletown led the company’s $20‑million Series A financing.

ThoughtWire’s cutting edge technology has been widely recognized by analysts from prominent independent research and consulting firms, including Gartner and Verdantix.

Powered by Digital Twins, ThoughtWire’s applications orchestrate data from people, process, IoT devices and the physical built environment to deliver smarter, safer and more efficient hospitals, commercial buildings and cities. ThoughtWire unlocks the value of data generated from built environments by leveraging artificial intelligence to predict behaviours, usages and trends, allowing actions to be taken autonomously.

“Digital Twin Technology is a key component to the rapid changes brought by the digitization of traditional industry, transformations driven by IIoT and AI, and supporting companies to build for climate resilient growth.

ThoughtWire has been changing how we think about intelligent automation and process optimization to interconnect and orchestrate people, data and things in real time. We are proud to call them our partners and excited about the company’s very bright future.”

— Salil Munjal, Managing Partner, Yaletown Partners

Yaletown recognizes the enormous opportunity being pursued by ThoughtWire and looks forward to continuing to support this up-and-coming innovator as it helps make hospitals, commercial buildings and cities safer, more secure and more sustainable—all in real time.