# Q1 Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/q1-labs

- Industry: IT Security/Cybersecurity
- Headquarters: Waltham, US
- Website: www.q1labs.com
- Total disclosed funding: $23M
- Latest round: Series D (Jan 1, 2007)
- Investors on record: 5

## About

Q1 Labs delivers advanced cybersecurity solutions, focusing on enhancing security measures for enterprises across various industries. Their innovative software platforms address critical challenges in data management and threat detection.Q1 Labs specializes in cybersecurity solutions, providing enterprise-level software for security information and event management (SIEM). The company was acquired by IBM Corporation in October 2011, although the financial terms of the acquisition were not disclosed. Headquartered in Waltham, US, Q1 Labs has successfully engaged in 5 deals to date, with the latest funding round being Series D, raising USD 9.00 mn led by investors including BDC Capital, Globespan Capital Partners, and others. The company was founded by a team of cybersecurity professionals, although specific founder information is not available.Q1 Labs specializes in delivering innovative technological solutions that cater to a diverse range of industries. Its core product offerings include advanced software platforms designed to enhance operational efficiency and streamline communication for enterprises. These products aim to solve critical challenges such as data management, workflow optimization, and customer engagement, thereby enabling businesses to operate more effectively in today's competitive landscape. The company serves a broad client base, including small to medium-sized enterprises (SMEs) and large corporations across various sectors, including finance, healthcare, and retail. Geographically, the company's products are marketed predominantly in North America and Europe, with a growing presence in Asia-Pacific markets, reflecting its commitment to expanding its reach and impact.The company's revenue model is primarily structured around a subscription-based framework that allows clients to access its suite of software solutions. This includes tiered pricing plans that cater to different business needs, from basic packages for smaller firms to comprehensive solutions for larger enterprises. The transactions typically occur through annual or monthly contracts, solidifying long-term partnerships with clients. The company also engages in direct sales to consumers, ensuring that its innovative products are readily available to individual users. Flagship products play a significant role in driving revenue, with clients experiencing value through enhanced capabilities and support that align with their operational goals.Q1 Labs is focused on expanding its product offerings, with plans to launch new cybersecurity solutions aimed at addressing emerging threats in the digital landscape, leveraging advanced AI technologies. The company is targeting expansion into the Asia-Pacific region by 2015, seeking to increase its market presence and client base. The recent funding of USD 9.00 mn will be utilized to enhance product development and support the expansion strategy, ensuring that Q1 Labs remains at the forefront of cybersecurity innovation.

## Funding rounds

- Series D, Jan 1, 2007, $9M — Globespan Capital Partners, Menlo Ventures, Polaris Partners, BDC Capital, New Brunswick Innovation Foundation
- Series B, Nov 17, 2003, $14M — Menlo Ventures, Polaris Partners, BDC Capital, New Brunswick Innovation Foundation

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series D
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series B, Series D
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series B, Series D
- New Brunswick Innovation Foundation (https://capitalatlas.ai/funds/new-brunswick-innovation-foundation) — Series B, Series D
- Globespan Capital Partners (https://capitalatlas.ai/funds/globespan-capital-partners) — Series D