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Verdantix - ThoughtWire’s $11.5M Funding Injection Signals Momentum For The Building Digital Twins Market

On August 17, 2020, Toronto-headquartered building digital twin software vendor ThoughtWire announced it received an injection of CAD$11.5 million in funding from a syndicate of investors led by Yaletown Partners.

ThoughtWire offers digital twin software for hospitals and commercial buildings built on graph database technology. Its heritage is in the healthcare sector, where it saw an opportunity to provide digital twin software to hospitals that improve patient experience and clinical staff productivity. Since 2017 it has also been targeting the smart building sector, where it provides apps to guide proactive maintenance, improve cost and energy efficiency, competing with IoT platform vendors.

Read the full article here originally published by Verdantix. 

Authored by Susan Clarke, Research Director, Smart Buildings, Verdantix

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