# SmartD Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smartd-technologies

- Industry: Electronics
- Headquarters: Montreal, Canada
- Website: www.smartd.tech
- Total disclosed funding: $14M
- Latest round: Series A (Apr 11, 2024)
- Investors on record: 3

## About

Based in Quebec, Canada, and founded in 2018 by co-founder and CEO Simon Leblond, SmartD Technologies, Inc., a.k.a. SmartD Technologies operates as a technology company that focuses on the development of silicon carbide (SiC)-based variable frequency drives. In April 2024, SmartD Technologies, Inc. raised USD 14.2 million in a Series A funding led by Investissement Québec, with participation from Hammond Power Solutions, Boreal Ventures, and SE Ventures.

The company provides SiC-based VFDs for motor control to control motor speed and torque by producing a pure sine wave, which helps minimize harmonic distortion and improve the lifespan of equipment. The SiC-based VFD is suitable for multiple industries, including infrastructure, utilities, agriculture, mining, transportation, marine, water and wastewater, and more.

The company plans to use its proceeds from April 2024 funding to accelerate its innovation, advance its technology roadmap, and establish itself as a driving force in the global transition towards clean and efficient energy solutions.

## Funding rounds

- Series A, Apr 11, 2024, $14M — Investment Quebec, SE Ventures, Boreal Ventures

## Investors

- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Series A
- SE Ventures (https://capitalatlas.ai/funds/se-ventures) — Series A
- Boreal Ventures (https://capitalatlas.ai/funds/boreal-ventures) — Series A