# ThinkData Works

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thinkdata-works

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.thinkdataworks.com
- Total disclosed funding: $7M
- Latest round: Series B (Jun 25, 2020)
- Investors on record: 6

## About

Based in Canada, ThinkData Works Inc. specializes in advanced data management solutions that enable organizations to integrate, cleanse, and operationalize data efficiently across various business environments.ThinkData Works Inc., founded in Toronto, Canada in 2014 by Bryan Smith and Ray Sharma, operates a data management platform that addresses data silos in businesses. The company has completed a total of 5 deals, with the most recent funding being a CAD 2 million Grant received on July 24, 2023, from the Government of Canada. ThinkData Works has successfully raised a total of CAD 8 million to date.ThinkData Works offers an advanced end-to-end data management platform designed to facilitate the integration, cleansing, and operationalization of data across diverse business environments. The platform enables organizations to build data products rapidly, regardless of their existing data infrastructure, thereby addressing the challenges of data silos and enhancing data accessibility. It serves a broad range of industries, including public sector organizations, energy companies, financial institutions, and healthcare sectors, providing solutions that support decision-making, improve operational efficiency, and drive innovation. With a focus on centralizing governance while allowing decentralized access, ThinkData Works empowers teams to create accurate, real-time insights that enhance customer service and streamline operations. Their services are available to clients in various geographical markets, including North America, Europe, and parts of Asia, reflecting a commitment to delivering high-quality, AI-ready data solutions to a global clientele.The revenue structure of ThinkData Works is primarily based on a subscription model, where clients pay for access to its comprehensive data management platform. This model facilitates ongoing customer engagement and allows for the provision of continuous updates and personalized support from data experts. Business transactions typically occur between ThinkData and its B2B clients, encompassing financial institutions, public sector entities, and healthcare organizations, who leverage the platform to centralize and cleanse their data. Partnerships with these clients often involve tailored service agreements that cater to the specific data challenges faced by each organization. While specific pricing details for flagship services are not disclosed, the structured nature of subscriptions indicates that clients likely engage in annual or multi-year contracts to access the platform’s full capabilities and support services.In July 2023, ThinkData Works Inc. received CAD 2 million in grant funding from the Government of Canada. The company plans to utilize this funding to scale its digital catalog, enhance its products, create more jobs, and expand its market. Targeted market expansions include further penetration into North America and entry into additional markets in Europe and Asia by the end of 2024.

## Funding rounds

- Series B, Jun 25, 2020, $5.8M — BDC Capital, Yaletown Capital Inc, Extreme Venture Partners, First Ascent Ventures
- Series A, Feb 6, 2018, $1.2M — First Ascent Ventures
- Seed, Apr 28, 2016 — Trellis Capital, Extreme Venture Partners, MaRS Investment Accelerator Fund

## Investors

- Trellis Capital (https://capitalatlas.ai/funds/trellis-capital) — Seed
- Extreme Venture Partners (https://capitalatlas.ai/funds/extreme-venture-partners) — Seed, Series B
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- First Ascent Ventures (https://capitalatlas.ai/funds/first-ascent-ventures) — Series A, Series B
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series B
- Yaletown Capital Inc — Series B