About QEA Tech
QEA Tech is a company based in Markham (Canada) founded in 2019 by Peyvand Melati.. QEA Tech has raised $2.2 million across 2 funding rounds from investors including Ontario Centre of Innovation, E8 Ventures and Avesta Fund. QEA Tech offers products and services including AI Software and Drones and IoT Devices. QEA Tech operates in a competitive market with competitors including ecobee, Particle, Signify, Landis+Gyr and PowerSecure, among others.
- Headquarter Markham, Canada
- Founders Peyvand Melati
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Sectors
Business ServicesEnergy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.2 M (USD)
in 2 rounds
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Latest Funding Round
$2.2 M (USD), Seed
Apr 19, 2023
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Investors
Ontario Centre of Innovation
& 4 more
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Employee Count
Employee Count
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Products & Services of QEA Tech
QEA Tech offers a comprehensive portfolio of products and services, including AI Software and Drones and IoT Devices. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Analyzes building data to quantify energy loss and suggest retrofits.
Gathers high-res images and data for building envelope assessments.
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Leadership Team
4 people
Operations Team
1 people
Sales and Marketing
1 people
Creative and Marketing Team
1 people
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Funding Insights of QEA Tech
QEA Tech has successfully raised a total of $2.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.2M
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First Round
First Round
(27 May 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Seed - QEA Tech | Valuation | Clean Energy Venture Group | |
| May, 2021 | Amount | Grant - QEA Tech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in QEA Tech
QEA Tech has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Ontario Centre of Innovation, E8 Ventures and Avesta Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Digital infrastructure solutions are provided by E8 Ventures for asset management.
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Early-stage climate tech startups are supported with seed capital.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by QEA Tech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - QEA Tech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qea Tech Comparisons
Competitors of QEA Tech
QEA Tech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ecobee, Particle, Signify, Landis+Gyr and PowerSecure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Qea Tech
Frequently Asked Questions about QEA Tech
When was QEA Tech founded?
QEA Tech was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is QEA Tech located?
QEA Tech is headquartered in Markham, Canada. It is registered at Markham, Ontario, Canada.
Who is the current CEO of QEA Tech?
Peyvand Melati is the current CEO of QEA Tech. They have also founded this company.
Is QEA Tech a funded company?
QEA Tech is a funded company, having raised a total of $2.2M across 2 funding rounds to date. The company's 1st funding round was a Grant of $1.1M, raised on May 27, 2021.
What does QEA Tech do?
QEA Tech was founded in 2019 in Markham, Canada, and operates in the building energy sector. Drone-based services are provided, including infrared imaging, data processing, energy audit reports, economic analysis, automatic leak detection, and estimated energy cost savings. Infrared cameras on the drones are used to monitor thermal signatures, thermal and moisture detection. Data is delivered through a cloud-based platform.
Who are the top competitors of QEA Tech?
QEA Tech's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does QEA Tech offer?
QEA Tech offers AI Software and Drones and IoT Devices.
Who are QEA Tech's investors?
QEA Tech has 5 investors. Key investors include Ontario Centre of Innovation, E8 Ventures, Avesta Fund, Clean Energy Venture Group, and Sustainable Development Technology Canada.
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