# Qeexo, Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qeexo

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.qeexo.com
- Total disclosed funding: $6.8M
- Latest round: Series B (Dec 24, 2015)
- Investors on record: 4

## About

Qeexo, Co. is a US-based company specializing in machine learning and AI solutions aimed at enhancing machine health through predictive maintenance and real-time monitoring across various industries.Founded in 2012 and headquartered in Mountain View, US, Qeexo, Co. focuses on AI-driven solutions for machine health. The company has secured a total of 4 funding deals, with its latest being a Series B round of USD 4.50 mn led by Woori Venture Partners in January 2023. Chris Harrison is the founder, while Sang Lee serves as the CEO.Qeexo, Co. specializes in advanced artificial intelligence (AI) solutions that enhance machine health through real-time monitoring and predictive maintenance. Its core offerings include edgeAI technologies that deploy AI algorithms on edge devices, facilitating immediate data processing crucial for preventing machine failures. These solutions cater to sectors including smart manufacturing, smart energy, and smart buildings, serving a diverse customer base in North America and Europe.Qeexo, Co. generates revenue through direct sales and subscription models for its AI solutions, including flagship products like edgeRX and AutoML. Their pricing structure varies based on the complexity and scale of tailored solutions offered to clients, thereby fostering long-term relationships that enhance operational efficiency.In January 2023, TDK Corp agreed to fully acquire Qeexo, Co., aiming to complete its existing smart edge platforms. The acquisition will leverage Qeexo's technology to further develop new products and expand into new markets. Specific geographic expansions are planned, although details on targeted regions have not been disclosed. The recent funding will be utilized to support these growth initiatives.

## Funding rounds

- Series B, Dec 24, 2015, $4.5M — Sierra Ventures, WOORI Venture Partners, Inventech Investments Co., DHVC
- Series A, May 29, 2014, $2.3M — Sierra Ventures

## Investors

- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A, Series B
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series B
- Inventech Investments Co. — Series B
- DHVC (https://capitalatlas.ai/funds/dhvc) — Series B