# ThoughtWire

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

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.thoughtwire.com
- Latest round: Series A (Mar 5, 2018)
- Investors on record: 4

## About

Based in Toronto, Canada, ThoughtWire Corp. develops innovative Digital Twin technology aimed at optimizing healthcare and commercial environments through real-time data orchestration.ThoughtWire Corp. was founded in 2009 in Toronto, Canada. The company specializes in Digital Twin technology to improve operational efficiency and patient care in healthcare and commercial sectors. The company's leadership includes CEO Mike Monteith, who has an extensive background in tech entrepreneurship. ThoughtWire has raised a total of USD 2.00 mn, with its most recent funding round being a VENTURE DEBT round of USD 11.50 mn on July 1, 2021, led by Yaletown Partners, alongside investors including BDC Capital and Canadian Business Growth Fund.ThoughtWire specializes in Digital Twin technology, offering solutions designed to optimize the built environment for healthcare and commercial sectors. Their primary products include the HighIQ Smart Healthcare suite, which consists of EarlyWarning, OperationsCentre, and NotificationCentre, and the HighIQ Smart Building suite, featuring PrecisionHub and @WorkApp. These applications focus on enhancing operational efficiency, improving patient care, and creating smarter building environments through real-time data orchestration. Key end users of these solutions include healthcare professionals, hospital administration, and building occupants seeking to leverage data for improved outcomes. ThoughtWire’s solutions are deployed across various geographical markets, including North America and Europe, catering to hospitals, commercial real estate firms, and city infrastructures.ThoughtWire generates revenue through a B2B model, primarily by offering subscription-based access to their Digital Twin applications. Clients, such as hospitals and commercial building owners, engage with the company via partnerships that enable the integration of ThoughtWire’s technology into their operations. The pricing structure typically involves annual subscriptions for access to individual products or bundled services within the HighIQ suites. This transactional model allows clients to select the most relevant applications for their needs, ensuring scalable solutions that can evolve with their operational requirements. Notable offerings, such as the HighIQ Smart Healthcare and Smart Building solutions, are designed to facilitate long-term engagements, fostering ongoing relationships with clients.In July 2021, ThoughtWire Corp. raised USD 11.50 mn in venture funding from returning investor Canadian Business Growth Fund. The funding will be utilized to support the company's growth and working capital needs. ThoughtWire plans to expand its reach into additional markets and regions, specifically targeting further penetration in North America and Europe to enhance its presence by the end of 2023. The company is also exploring the development of new products within the HighIQ suite to better serve its clients in the evolving landscape of healthcare and commercial operations.

## Funding rounds

- Series A, Mar 5, 2018 — BDC Capital, Yaletown Partners, Comerica Bank, Round13 Capital

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Yaletown Partners (https://capitalatlas.ai/funds/yaletown-partners) — Series A
- Comerica Bank — Series A
- Round13 Capital (https://capitalatlas.ai/funds/round13-capital) — Series A