About Qubit
Qubit is a company based in London (United Kingdom) founded in 2010 was acquired by Coveo in October 2021.. Qubit has raised $74.83 million across 4 funding rounds from investors including Salesforce, Goldman Sachs and Coveo. The company has 116 employees as of January 31, 2020. Qubit operates in a competitive market with competitors including [24]7.ai, Nosto, Intellimize, Dynamic Yield and Sailthru, among others.
- Headquarter London, United Kingdom
- Employees 116 as on 31 Jan, 2020
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Sectors
TechnologyRetail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Qubit Digital Ltd
- Date of Incorporation 05 Jan, 2010
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$12.79 M (USD)-43as on Oct 31, 2020
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Net Profit
$-3.74 M (USD)-295as on Oct 31, 2020
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EBITDA
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Total Equity Funding
$74.83 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series C
Feb 22, 2016
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Investors
Salesforce
& 6 more
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Employee Count
116
as on Jan 31, 2020
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Acquired by
Coveo
(Oct 13, 2021)
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Funding Insights of Qubit
Qubit has successfully raised a total of $74.83M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in February 2016. 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 C — $40.0M
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First Round
First Round
(01 Oct 2010)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2016 | Amount | Series C - Qubit | Valuation | Goldman Sachs | |
| Sep, 2014 | Amount | Series B - Qubit | Valuation | Accel | |
| Nov, 2012 | Amount | Series A - Qubit | Valuation | Balderton Capital |
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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 Qubit
Qubit has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Salesforce, Goldman Sachs and Coveo. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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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 Qubit
| 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 - Qubit
| 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 |
Qubit Comparisons
Competitors of Qubit
Qubit 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 [24]7.ai, Nosto, Intellimize, Dynamic Yield and Sailthru, 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 |
AI-powered platforms and services for customer experience management are provided.
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| domain | founded_year | HQ Location |
Personalized product recommendations are delivered via SaaS to online retailers.
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| domain | founded_year | HQ Location |
Conversion rate optimization and personalization are delivered to businesses.
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| domain | founded_year | HQ Location |
Website optimization and personalization solutions are provided for digital platforms.
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| domain | founded_year | HQ Location |
Personalized omnichannel experiences are generated via marketing automation.
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| domain | founded_year | HQ Location |
Customer engagement is enabled through incentives and promotions for e-tailers.
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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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Latest news on Qubit
Frequently Asked Questions about Qubit
When was Qubit founded?
Qubit was founded in 2010.
Where is Qubit located?
Qubit is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Qubit a funded company?
Qubit is a funded company, having raised a total of $74.83M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.5M, raised on Oct 01, 2010.
How many employees does Qubit have?
As of Jan 31, 2020, the latest employee count at Qubit is 116.
What is the annual revenue of Qubit?
Annual revenue of Qubit is $12.79M as on Oct 31, 2020.
What does Qubit do?
Qubit was founded in 2010 in London, United Kingdom, as a platform for digital customer experience in the marketing and ecommerce sectors. Analytics, visitor segmentation, AB and multivariate testing, web personalization, recommendations, and tag management are integrated into its workflow. Solutions are offered to industries including retail, finance, and travel, supporting real-time conversion optimization through data-driven operations.
Who are the top competitors of Qubit?
Qubit's top competitors include Nosto, [24]7.ai and Dynamic Yield.
Who are Qubit's investors?
Qubit has 7 investors. Key investors include Salesforce, Goldman Sachs, Coveo, Accel, and Balderton Capital.
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