Leading data catalog provider, ThinkData Works, secures $2M Government of Canada investment

ThinkData Works plans to use the newly acquired funds to bolster its market presence and cater to the needs of its rapidly growing customer base.

TORONTO, ON, July 24th, 2023— ThinkData Works Inc., a leading data catalog provider, today announces $2 million in funding from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This investment is part of the federal government’s effort to accelerate the growth of Canadian tech businesses while assisting with the adoption of new technologies that support scale-up, productivity and the development of and entry into new markets to help companies become globally competitive.

To meet the growing demand for its products and services, ThinkData Works will be directing the funds towards accelerating the commercialization of its data catalog and growing its customer base through sales and marketing activities.

“Since the beginning, ThinkData Works’ mission has been to set global companies up for success by fueling data-driven decision making through data cataloging, management, governance and virtualization technology. We take pride in enabling our clients to make sense of and manage the data they produce and acquire, significantly increasing the amount of information they use to run their business effectively. This investment reinforces our strong commitment to supporting Canadian businesses, and we are grateful for the support from FedDev Ontario as we explore additional growth opportunities both locally and abroad while continuing to develop cutting-edge technology to serve clients across a broad spectrum of industries,” said Bryan Smith, Co-Founder & Chief Executive Officer, ThinkData Works.

Since its founding in 2014, ThinkData Works has seen incredible growth, with a focus on establishing itself as a trusted data management and cataloging partner. With the support of FedDev Ontario, ThinkData Works will be focusing its efforts to continue building a robust data cataloging platform that virtualizes, governs and democratizes data so businesses can save more time, drive greater value and see better results.

“Toronto tech companies, like ThinkData Works, are leaders and innovators that are growing and enhancing the ways we work, live and do business. This $2-million investment from the Government of Canada emphasizes our commitment to expanding digital tools that make business more efficient and effective for Canadians" said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.

With the pandemic and following economic uncertainties driving an ever-increasing reliance on data for key decision-making, ThinkData Works’ innovative technology has not only supported the Government of Canada, but also notable companies like Scotiabank, RBC, Vanguard, TD Bank, Roche and more. Most recently, ThinkData Works deployed new services and products like a first-to-market automated warehouse discovery solution for rapid data sharing and management, a revolutionary hybrid cloud data virtualization feature and a comprehensive solution that promises to change the data cataloging landscape in Canada.

About ThinkData Works

ThinkData Works unlocks the value of data to grow your business. Connect seamlessly to any source, drive critical insights, and deliver data while retaining visibility and control. Founded in 2014, ThinkData Works offers flexible data connections, an intuitive catalog interface, and secure tools to deliver data where it needs to be — inside or outside your organization. Purpose-built to handle the complexities of data variety, their unified cloud platform cuts overhead, fuels innovation, and drives revenue growth. For more, visit ThinkData Works on LinkedIn, Twitter, and their website.

About FedDev Ontario
For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s Twitter, Facebook, Instagram and LinkedIn.

Media inquiries:
Stephanie Yeoh
Talk Shop Media
stephanie.yeoh@talkshopmedia.com

Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario
edward.hutchinson@feddevontario.gc.ca