AAA UnitQ unites investors for $30m round

UnitQ unites investors for $30m round

US-based software troubleshooting service UnitQ secured $30m yesterday in a series B round featuring Gradient Ventures, an artificial intelligence-oriented vehicle for internet technology provider Google.

Accel led the round, which included fellow venture capital firm Creandum, and the company’s total disclosed funding stands at $41m.

Founded in 2018, UnitQ has built a natural language processing technology-equipped tool dubbed UnitQ Monitor which is designed to help organisations detect bugs in their software based on customer reviews sourced on various platforms.

Gradient Ventures had led an $11m series A round for UnitQ in March 2020, investing alongside Bragiel Brothers, Creandum and XSeed Capital. The company’s shareholders also include Bootstrap Labs.

UnitQ founder and CEO Christian Wiklund said: “We have created the first and only offering that tackles this head-on, giving companies a clear path to maintaining and improving product quality by empowering data-driven decision making.

“This latest funding will allow us to supercharge our important mission and reach our next level of growth.”

By Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.