UbiQD today announce the close of a $ 7 M Series A funding round . UbiQD will deploy the upper-case letter raised in this turn to continue scaling the rollout of its first commercial-grade intersection , UbiGro ® , a stratum of light that help industrial plant utilize sunshine more effectively .
The round was co - lead by Scout Ventures and Keiretsu Forum , with key participation from Sun Mountain Capital , Epic Ventures , Plug and Play Ventures , Arcview Collective Fund , and others . UbiQD partner , Nanosys , also joined the round of golf as a strategical investor . Brad Harrison from Scout Ventures , and Brian Lewis from Sun Mountain Capital , joined UbiQD ’s board of director .
UbiQD , Inc. Founder and CEO , Hunter McDaniel , PhD.
UbiQD ’s core engineering science involves a versatile , ' quantum - dot ' nanomaterial that is able of manipulating color and center Light Within .
" We have developed a proprietary , patent - protect formulation of quantum dots that is safer , more cost - efficient , and more durable than any be alternative , " they claim . " As a resolution , the cloth has a wide change of applications , and we are addressing multiple market opportunities in a capital efficient manner . "
Primary coating include enhancing harvest productivity in greenhouses , enable clean energy product in urban environments , and acquire anti - counterfeiting solution for the security department industry . " With an initial focal point on controlled environment factory farm , we have prove ourselves as the drawing card in leveraging quantum dots for agtech and sustainability . "
Advanced materials"UbiQD is fulfilling the long - standing hope of advanced material ; they are bring nanotechnology to high - impact diligence and enabling innovative mathematical product to help our existence in meaningful mode . In doing so , they ’re realizing the billion - dollar sign potential that we at once see in the company when we first encountered them , " enjoin Howard Lubert , Co - Founder of Keiretsu Forum Mid - Atlantic . " We ’re excited to back a clear leader in this space and to help the company unlock even larger securities industry as they continue to grow . "
Scaling rolloutUbiQD will deploy the capital raised in this round to proceed descale the rollout of its first commercial product , UbiGro ® , a bed of light that avail plants use sun more effectively . Customers admit major international greenhouse operations cover millions of square pes . The monetary resource will also support growing of more advanced UbiGro merchandise , include unexampled ' light formula ' tailor to maximize the benefit for specific crops and special geographical area .
By plant UbiQD ’s quantum pane technology into glass and pliable films , the company has created an electricity - free approach to providing a more optimum spectrum of light for crops . Over the last two years , various original customers and applied science institute have tested UbiGro and repeatedly validate its power to reach 10 - 20 % higher yields with fast hertz times , reduce barren , and improved crop quality . These improvements ultimately translate into large cost delivery , increased revenue , and higher margins for customers .
In the foreground , Nanosys Facilities and Equipment Manager presents a sheet of UbiGro glasshouse film that utilise fluorescent fixture quantum acid to help plant get more from the sun . Behind him stands an over 2,000 cubic decimeter quantum dot production reactor .
New materials innovation"UbiQD has really pioneer a new field of view of textile institution . Using quantum dot for sunlight handling has the potential to transubstantiate some of the large industries on the planet and grow significant profit while doing so , " said Brad Harrison , Managing Partner of Scout Ventures . " As a firm dedicate to supporting transformative technologies that can make the world a good , safe place , Scout Ventures was gallant to invest in UbiQD ’s next phase angle of growing . "
" UbiGro ’s deployment comes at a time when pandemic - related pressures , population ontogeny , and clime change are all putting accent on existing food supply chains . Those same stresses and increased requirement for fresh , organic produce are drive the growth of the spherical commercial-grade nursery - rise crop industry , which is reckon to be worth more than $ 250 billion a year , " they add .
" We ’re extremely activated to be sour with a cohort of investors who apportion our passion for ripe material and our imagination for creating positive environmental impact , " said Hunter McDaniel UbiQD Founder and CEO . " The greenhouse industry is growing at an unbelievable pace , peculiarly in North America ; we ’re grateful to be able-bodied to disembowel on the combine expertness of our investors to capitalize on that market , spread out our client base , and enable new Cartesian product offerings as we head into a new class . "
For more selective information : UbiQD[email protected]www.ubiqd.comwww.ubigro.com
