ThoughtWire, a Toronto-based startup that offers a machine intelligence platform called Ambiant, announced it has raised $20 million in debt and Series A financing. The company plans to use this money to further expand Ambiant into the real estate and city planning sectors, and to bring it to the U.S.

Ambiant is currently used mainly in a medical context, alerting hospitals of patients’ heart problems and predicting various equipment breakdowns. But ThoughtWire says Ambiant can also be used to facilitate property management by monitoring things like energy use and cleaning supply stocks.

“It is an assistant that allows people to be much more aware of what’s important in the environment around them,” said ThoughtWire CTO Stephen Owens, adding that a lot of the same systems that have been used to transfer medical data can be used to keep track of large commercial and even residential properties.

But unlike popular voice assistants like Apple’s Siri and Amazon’s Alexa, Ambiant is also programmed to send information before the user asks for it. The idea, Owens added, is to automate tasks related to daily building planning and organization so that problems–whether a broken sink or inefficient light use–are seen ahead of time.

“We want people to feel a sense of not only control but of information,” said Owens. “[…] When you show up your space is ready for you without you having to take action.”

In loftier plans, the ThoughtWire team envisions several buildings transferring building data between each other or whole “smart cities.” Current investors include Canadian and American private equity groups and financial companies like Yaletown Partners, BDC Capital and Comerica.

Currently, ThoughtWire’s platforms are used at different companies and organizations across Canada, including Hamilton Health Services in Ontario. Now that it has cleared the funding necessary for expansion, ThoughtWire is planning to bring Ambiant to the US and, eventually, other countries.

Email Veronika Bondarenko

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription