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
Locked
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Phone
Locked
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
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.
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Core Capital Partners is engaged in venture capital investments.
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Provider of cloud and AI-based cellular communication ICs
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Manufacturer of wireless and wired connectivity products
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Investor details for Qterics
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Investments & Acquisitions by Qterics
Investment portfolio details for Qterics
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Financial Statements - Qterics
Detailed financials for Qterics
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Qterics Comparisons
Peer comparison for Qterics
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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.
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Embedded software patch management is delivered for consumer electronics devices.
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Cloud-based servitization platform is provided for OEM connected devices.
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Energy and sustainability management is facilitated via a cloud-based platform.
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Cloud-based platforms and devices for IoT remote applications are developed.
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Cloud-based solutions for monitoring manufacturing operations are provided.
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Manufacturer of non-volatile memory solutions
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Detailed competitors of Qterics
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Verified entity values are shown only after access is granted.
Latest news on Qterics
Complete news archive for Qterics
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Frequently Asked Questions about Qterics
Qterics was founded in 2001 and raised its 1st funding round 5 years after it was founded.
Qterics is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Qterics is a funded company, having raised a total of $26M across 4 funding rounds to date.
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.
Qterics's top competitors include Memfault, Hara and Arch Systems.
Qterics offers NetReady, OTA Software Update Service, Device Provisioning, and Remote Device Support.
Qterics has 3 investors. Key investors include Qualcomm, Silicon Image, and Core Capital Partners.