About QRA
QRA is a company based in Halifax (Canada) founded in 2012.. QRA has raised $7.76 million across 3 funding rounds from investors including BDC, Atlantic Canada Opportunities Agency and Invest Nova Scotia. QRA offers products and services including QVscribe. QRA operates in a competitive market with competitors including Ansys, Monolith, SPREAD, Esterel Technologies and Controllab, among others.
- Headquarter Halifax, Canada
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Qra Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.76 M (USD)
in 3 rounds
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Latest Funding Round
$3.76 M (USD), Seed
Apr 12, 2021
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Investors
BDC
& 3 more
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Employee Count
Employee Count
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Products & Services of QRA
QRA offers a comprehensive portfolio of products and services, including QVscribe. 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.
Tool for real-time quality checks on engineering requirements.
Funding Insights of QRA
QRA has successfully raised a total of $7.76M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.76 million completed in April 2021. 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 3
- Last Round Seed — $3.8M
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First Round
First Round
(31 Mar 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - QRA | Valuation |
investors |
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| Jul, 2016 | Amount | Seed - QRA | Valuation |
investors |
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| Mar, 2015 | Amount | Seed - QRA | Valuation |
investors |
| 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 |
Investors in QRA
QRA has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include BDC, Atlantic Canada Opportunities Agency and Invest Nova Scotia. 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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Early-stage VC firm investing in geographies such as the US & France
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Founded Year | Domain | Location | |
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Economic development in Atlantic Canada is supported by federal initiatives.
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Founded Year | Domain | Location | |
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Delivers expert business strategy and technology consulting services to support organizational growth.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 QRA
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - QRA
| 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 |
Qra Comparisons
Competitors of QRA
QRA 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 Ansys, Monolith, SPREAD, Esterel Technologies and Controllab, 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 |
CAD-based design analysis simulation software is provided for engineers.
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| domain | founded_year | HQ Location |
AI and machine learning-based design simulations software is provided.
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| domain | founded_year | HQ Location |
Digital engineering assistant software is provided for manufacturing.
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| domain | founded_year | HQ Location |
Critical Systems and Software Development Solutions
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| domain | founded_year | HQ Location |
Solutions in model-based design for machine controllers are provided.
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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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Frequently Asked Questions about QRA
When was QRA founded?
QRA was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is QRA located?
QRA is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
Is QRA a funded company?
QRA is a funded company, having raised a total of $7.76M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Mar 31, 2015.
What does QRA do?
QRA corporation provides engineering solutions for enterprises to verify their designs and requirements in the early stages of the development process and also to reduce testing cost, effort time. The products are QVSCRIBE which is integrated with the MS word, enabling engineers to enhance the quality and clarity of the technical requirements and QVTRACE allow engineers to import designs from any tools like Simulink, SCADE, and Modelica, followed by requirements import. QVtrace exactly detects the logical functional errors in the design and also pinpoints missing designs against the requirements.
What products or services does QRA offer?
QRA offers QVscribe.
Who are QRA's investors?
QRA has 4 investors. Key investors include BDC, Atlantic Canada Opportunities Agency, Invest Nova Scotia, and Newfund.