UbiQD announces $7M in Series A funding to deploy dot technology in agriculture and energy.
As of December 9th UbiQD announced the close of a $7M Series A funding round that was co-led by Scout Ventures and Keiretsu Forum, with key participation from Sun Mountain Capital, Epic Ventures, Plug and Play Ventures, Arcview Collective Fund, and others. UbiQD partner, Nanosys, also joined the round as a strategic investor.
UbiQD’s core technology revolves around their nanomaterial made of quantum-dots that is capable of manipulating color and concentrating light. The company’s formulation of quantum dots has a wide variety of applications and is safer, more cost-effective, and more durable than any other alternative.
UbiQD’s quantum dots can be used to enhance crop productivity in greenhouses, enable clean energy production in urban environments, and to develop anti-counterfeiting solutions for the security industry. With an initial focus on controlled environment agriculture, UbiQD has established itself as the leader in leveraging quantum dots for agtech and sustainability.
UbiQD will deploy the funding raised in this round to continue rolling out its product, UbiGro®, a layer of greenhouse film that helps plants utilize sunlight more effectively. Customers include major international greenhouse operations covering millions of square feet. The funds will also support development of more advanced UbiGro products specifically to benefit particular geographic regions and crops.
Hunter McDaniel, UbiQD Founder and CEO states, “We’re extremely excited to be working with a cohort of investors who share our passion for advanced materials and our vision for creating positive environmental impact. The greenhouse industry is growing at an incredible pace, particularly in North America; we’re grateful to be able to draw on the combined expertise of our investors to capitalize on that market, expand our customer base, and enable new product offerings as we head into a new year.”
The New Mexico Consortium is an early investor in UbiQD and is where the company started. We are proud of UbiQD’s success and their amazing quantum dot products.
To learn more see the UbiQD press release: https://ubiqd.com/2020/12/09/ubiqd-announces-7m-in-series-a-funding-to-scale-deployment-of-quantum-dot-technology-in-agriculture-and-energy/
Or visit: https://www.ubiqd.com and http://www.ubigro.com.
Photo above of UbiQD, Inc. Founder and CEO, Hunter McDaniel, PhD.