# ThinkIQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thinkiq

- Industry: Software
- Headquarters: Aliso Viejo, US
- Website: www.thinkiq.com
- Total disclosed funding: $14M
- Latest round: Series A (Oct 20, 2020)
- Investors on record: 5

## About

ThinkIQ, Inc. is a provider of Smart Manufacturing Software as a Service (SaaS), leveraging data intelligence and AI to enhance manufacturing processes and improve operational efficiencies across various industries.Founded in 2015 and headquartered in Aliso Viejo, US, ThinkIQ, Inc. offers a Smart Manufacturing platform that integrates raw data for actionable insights. The company has successfully completed four funding deals, with the most recent being a Series A round in October 2020, raising USD 11.60 mn led by Ecosystem Integrity Fund and supported by investors including Bonfire Ventures, Hitachi Ventures, and Sino Capital.ThinkIQ specializes in an Industry 4.0 Smart Manufacturing Software as a Service (SaaS) platform that addresses critical challenges in manufacturing through data intelligence and actionable insights. The platform integrates internal and external raw data, utilizing advanced AI and machine learning technologies to reveal hidden correlations and inefficiencies within supply chains. It aims to enhance productivity, sustainability, and safety across various sectors, including food and beverage, pharmaceuticals, chemicals, and heavy industrial applications. ThinkIQ serves a diverse clientele from global brands to tech-averse manufacturers, aiding their transition from analog data systems to smart manufacturing practices. Key geographical markets include North America, Europe, and emerging manufacturing regions seeking advanced data-driven solutions.ThinkIQ operates on a subscription-based revenue model, enabling ongoing access to its Smart Manufacturing platform. This model fosters direct B2B interactions, where manufacturers subscribe to transform their operations with actionable intelligence. Specific pricing details are not disclosed, but clients typically engage in contracts tailored to their operational needs. ThinkIQ’s services focus on material traceability and supply chain visibility, crucial for preventing costly recalls and enhancing efficiency, thus driving its revenue through long-term partnerships with manufacturers aiming to modernize production capabilities.Following the Series A funding round in October 2020, ThinkIQ plans to leverage the USD 11.60 mn to enhance its product offerings and expand into new markets. The company aims to introduce upcoming features in its software platform that will further optimize manufacturing processes. It is also targeting expansion into additional geographic regions, with specific efforts focused on increasing its footprint in Europe and Asia by the end of 2023. The recent funding will support these initiatives, ensuring ThinkIQ continues to meet the evolving needs of its clients.

## Funding rounds

- Series A, Oct 20, 2020, $12M — Ecosystem Integrity Fund, Bonfire Ventures, Sino Capital, Hitachi Ventures
- Seed, Jan 20, 2017, $2.3M — Cove Fund

## Investors

- Cove Fund (https://capitalatlas.ai/funds/cove-fund) — Seed
- Ecosystem Integrity Fund (https://capitalatlas.ai/funds/ecosystem-integrity-fund) — Series A
- Bonfire Ventures (https://capitalatlas.ai/funds/bonfire-ventures) — Series A
- Sino Capital (https://capitalatlas.ai/funds/sino-capital) — Series A
- Hitachi Ventures (https://capitalatlas.ai/funds/hitachi-ventures) — Series A