# Qubiqle

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

- Industry: Software
- Headquarters: Oakland, US
- Website: www.plateiq.com
- Total disclosed funding: $165M
- Latest round: Series B (Nov 4, 2021)
- Investors on record: 6

## About

Qubiqle, Inc. specializes in advanced accounts payable automation software, enhancing financial operations for businesses through AI-driven solutions that streamline invoice processing, vendor management, and expense tracking.Founded in 2014 and headquartered in Oakland, US, Qubiqle, Inc. focuses on automating accounts payable processes. With a total of three deals, the company recently raised USD 160 mn in Series B funding on November 4, 2021, led by FTV Capital. Bhavuk Kaul serves as the founder and CEO, contributing to the strategic direction and operational execution of the firm.Qubiqle, Inc., known for its software Ottimate, delivers AP automation AI solutions that optimize financial processes for businesses. The platform's key functionalities include invoice processing, vendor management, and expense tracking, which collectively enhance operational efficiency and accuracy. Serving clients across the United States and Canada, as well as select European markets, Ottimate caters primarily to finance teams in various sectors such as restaurant and retail.Qubiqle generates revenue through a subscription-based model, offering tiered pricing plans tailored to clients' needs. This model includes monthly or annual subscriptions for its software, designed to automate financial tasks, streamline invoice approvals, and improve cash flow management. The pricing reflects the comprehensive features provided, including real-time reporting and analytics, supported by partnerships and integrations with accounting software.In November 2021, Qubiqle, Inc. secured USD 160 mn in Series B funding, aimed at accelerating efforts to bridge the supply chain gap between operators and vendors through its AP automation and payments network. The company is likely to focus on expanding its product offerings and geographic reach to enhance its market presence and support its growth strategy.

## Funding rounds

- Series B, Nov 4, 2021, $160M — FTV Capital
- Series A, Mar 20, 2017, $4M — Tamares, The Restaurant Group Limited, Y Combinator, Initialized Capital, Eileses Capital
- Seed, Aug 8, 2015, $0.5M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Tamares (https://capitalatlas.ai/funds/tamares) — Series A
- The Restaurant Group Limited — Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A
- Eileses Capital (https://capitalatlas.ai/funds/eileses-capital) — Series A
- FTV Capital (https://capitalatlas.ai/funds/ftv-capital) — Series B