About UQDevices
UQDevices is a company based in Waterloo (Canada) founded in 2010 by Raymond Laflamme and Thomas Jennewein.. UQDevices has raised $30 thousand across 1 funding round from investors including Accelerator Centre. UQDevices offers products and services including Logic16 and TDM Series. UQDevices operates in a competitive market with competitors including Quandela, Single Quantum, qutools, NuCrypt and Quantum-Nano-Future, among others.
- Headquarter Waterloo, Canada
- Founders Raymond Laflamme, Thomas Jennewein
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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
$30 K (USD)
in 1 rounds
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Latest Funding Round
$30 K (USD), Seed
Jun 10, 2019
- Investors
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Employee Count
Employee Count
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Products & Services of UQDevices
UQDevices offers a comprehensive portfolio of products and services, including Logic16 and TDM Series. 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.
Instrument for quantum entanglement and multi-photon experiments.
High-speed device for timing precision in quantum applications.
Funding Insights of UQDevices
UQDevices has successfully raised a total of $30K through 1 strategic funding round. The most recent funding activity was a Seed round of $30 thousand completed in June 2019. 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 1
- Last Round Seed — $30,000
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First Round
First Round
(10 Jun 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2019 | Amount | Seed - UQDevices | Valuation | Accelerator Centre |
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| 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 |
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Investors in UQDevices
UQDevices has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Accelerator Centre. 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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Startups are built and accelerated in a structured studio environment.
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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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Investments & Acquisitions by UQDevices
| 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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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 - UQDevices
| 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 |
Uqdevices Comparisons
Competitors of UQDevices
UQDevices 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 Quandela, Single Quantum, qutools, NuCrypt and Quantum-Nano-Future, 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 |
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| domain | founded_year | HQ Location |
Quantum photon sources for qubits are developed by the company.
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Superconducting nanowire single photon detectors are provided for quantum applications.
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Quantum time tagging and entanglement demonstration devices are developed.
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| domain | founded_year | HQ Location |
Quantum optical instrumentation for entangled photons is developed and manufactured.
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Commercializes quantum and nano technologies through device development and education.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about UQDevices
When was UQDevices founded?
UQDevices was founded in 2010 and raised its 1st funding round 9 years after it was founded.
Where is UQDevices located?
UQDevices is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
Who is the current CEO of UQDevices?
Thomas Jennewein is the current CEO of UQDevices. They have also founded this company.
Is UQDevices a funded company?
UQDevices is a funded company, having raised a total of $30K across 1 funding round to date. The company's 1st funding round was a Seed of $30K, raised on Jun 10, 2019.
What does UQDevices do?
UQDevices develops high quantum count rate photon entanglement sources. Its offerings include a Coincidence Logic Unit (logic correlation unit) and UQD Logic Counter that combines a timing analyzer, coincidence logic unit and counters for 16 input channels into one device. Additionally, it provides quantum measurement devices that have application in quantum optics labs. Its products have application in time-correlated fluorescence, quantum communications, quantum cryptography, optical quantum computing, etc.
Who are the top competitors of UQDevices?
UQDevices's top competitors include Quandela, Single Quantum and qutools.
What products or services does UQDevices offer?
UQDevices offers Logic16 and TDM Series.
Who are UQDevices's investors?
UQDevices has 1 investor. Key investors include Accelerator Centre.