Qube Technologies – a global leader in cost-effective and accurate continuous emissions monitoring technology – recently announced it has secured Series B funding from Riverbend Energy Group. The company established itself as a preeminent provider of continuous emissions monitoring technology, helping industries worldwide measure, manage, and reduce their environmental impact. This latest funding round will propel the company’s mission to innovate, expand its global footprint, and remain at the forefront of environmental sustainability.
Qube has grown quickly since its last funding round eighteen months ago. And the company has seen a 15x increase in deployments and is now working with over 80 clients globally. The funding will go towards the following key initiatives:
1.) Advanced Technology Development – Qube will invest in research and development to enhance its emissions monitoring solutions and release new product lines.
2.) Global Expansion – Qube plans to expand its international presence by increasing sales, marketing, and support efforts in key markets.
3.) New Industries – Qube will utilize its existing technology and further develop its algorithms to address a growing need for continuous monitoring in additional primary industries, such as waste treatment, renewable natural gas, and mining.
4.) Talent Acquisition – Qube will attract top talent to fuel its growth and innovation, solidifying its position as the world’s leader in continuous emissions monitoring.
This Series B funding round marks a significant milestone for Qube and reaffirmed its commitment to driving global environmental sustainability by providing the most advanced continuous emissions monitoring technology. As part of the deal, Eric Danziger will join Qube’s Board of Directors, alongside existing investors SCF Ventures, North West Capital Partners, and Ian Bruce.
KEY QUOTES:
“We are thrilled to enter this new phase of growth with the support of our investors. This funding will allow us to further develop our emissions monitoring solutions, expand our commercial presence, and increase our industry-leading accuracy of our physics guided AI algorithms. Our aim is to provide exceptional value to our clients in their pursuit of environmental responsibility.”
- Alex MacGregor, CEO of Qube
“Qube’s continuous emissions monitoring solutions are critical for businesses across various sectors to reduce emissions and minimize environmental impact. The Company’s state-of-the-art technology and expertise have earned trust and recognition worldwide.”
- Eric Danziger, Managing Director at Riverbend
“By detecting emissions instantaneously, Qube helps customers react quickly to reduce the ultimate volume of emissions leaked. This represents a step change over the previous industry standard, under which large leaks might go undetected for months while awaiting the next planned survey. We are excited to partner with Riverbend for the next chapter of Qube’s growth.”
- Hossam Elbadawy, Managing Director at SCF Ventures
