About Qterics
Qterics is a company based in Minneapolis (United States) founded in 2001 was acquired by Silicon Image in May 2014.. Qterics has raised $26 million across 4 funding rounds from investors including Qualcomm, Silicon Image and Core Capital Partners. Qterics offers products and services including NetReady, OTA Software Update Service, Device Provisioning, and Remote Device Support. Qterics operates in a competitive market with competitors including Memfault, Xyte, Hara, Arch Systems and Thingtrax, among others.
- Headquarter Minneapolis, United States
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Sectors
Technology
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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
$26 M (USD)
in 4 rounds
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Latest Funding Round
$7 M (USD), Series D
Dec 06, 2014
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Investors
Qualcomm
& 2 more
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Employee Count
Employee Count
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Acquired by
Silicon Image
(May 06, 2014)
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Products & Services of Qterics
Qterics offers a comprehensive portfolio of products and services, including NetReady, OTA Software Update Service, Device Provisioning, and Remote Device Support. 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.
Platform for controlling and updating Internet-connected home devices.
Service for delivering secure firmware upgrades to digital devices.
System for secure delivery of DRM keys to streaming devices.
Interactive tool for remote diagnostics and device assistance.
Funding Insights of Qterics
Qterics has successfully raised a total of $26M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $7 million completed in December 2014. 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 4
- Last Round Series D — $7.0M
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First Round
First Round
(08 Mar 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Series D - Qterics | Valuation |
investors |
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| Jan, 2013 | Amount | Series D - Qterics | Valuation |
investors |
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| Jun, 2008 | Amount | Series C - Qterics | Valuation |
investors |
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| 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 Qterics
Qterics has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Qualcomm, Silicon Image and Core Capital Partners. 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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Core Capital Partners is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Provider of cloud and AI-based cellular communication ICs
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Founded Year | Domain | Location | |
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Manufacturer of wireless and wired connectivity products
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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 Qterics
| 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 - Qterics
| 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 |
Qterics Comparisons
Competitors of Qterics
Qterics 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 Memfault, Xyte, Hara, Arch Systems and Thingtrax, 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 |
Embedded software patch management is delivered for consumer electronics devices.
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| domain | founded_year | HQ Location |
Cloud-based servitization platform is provided for OEM connected devices.
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| domain | founded_year | HQ Location |
Energy and sustainability management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Cloud-based platforms and devices for IoT remote applications are developed.
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| domain | founded_year | HQ Location |
Cloud-based solutions for monitoring manufacturing operations are provided.
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| domain | founded_year | HQ Location |
Manufacturer of non-volatile memory solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Qterics
When was Qterics founded?
Qterics was founded in 2001 and raised its 1st funding round 5 years after it was founded.
Where is Qterics located?
Qterics is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is Qterics a funded company?
Qterics is a funded company, having raised a total of $26M across 4 funding rounds to date. The company's 1st funding round was a Series C of $4M, raised on Mar 08, 2006.
What does Qterics do?
Qterics has developed a platform called NetReady that can be used for managing connected devices in IoT applications. The platform allows the user to connect various IoT devices to the internet and monitor them remotely using a single platform. The platform also provides update services which can be used to send or install upgraded to the connected devices. The company was acquired by Silicon Image in May 2014 and its name was changed from UpdateLogic to Qterics.
Who are the top competitors of Qterics?
Qterics's top competitors include Memfault, Hara and Arch Systems.
What products or services does Qterics offer?
Qterics offers NetReady, OTA Software Update Service, Device Provisioning, and Remote Device Support.
Who are Qterics's investors?
Qterics has 3 investors. Key investors include Qualcomm, Silicon Image, and Core Capital Partners.