Q5D Technology is excited to announce a $2.5m seed investment in order to take its technology and business to the next stage.
Q5D is a robotics company whose innovative process automates wire harness production for the first time, using robotic additive manufacturing. Until now, the wiring in most products has been made and installed by hand. Q5D has the potential to transform the wiring industry by improving process quality, eliminating human error, increasing production speed and simplifying supply chains. Products benefit from lower weight with improved reliability and safety. The company’s solutions can be applied by manufacturers prioritizing automation and advanced manufacturing. Example markets include automotive, aerospace, and consumer white goods and electronics.
The funds come from three top quality venture investment companies. Our lead investor Chrysalix Venture Capital, is based in Vancouver, British Columbia and Delft in the Netherlands, and has an excellent track record in hard tech investments, SOSV a Silicon Valley investor who invested pre-seed funds into Q5D and mentored the company through its hardtech startup program HAX, and finally the UK Innovation & Science Seed Fund LP who specialise in seed investment in the UKs most innovative companies.
“This is a time of great change—the rapid electrification of our transport systems and the increasing functionality of everything from washing machines to mobile phones means that wiring is becoming more complex and labour intensive. We are really pleased to have the chance to work with all our new investors, they are bringing a wealth of commercial and governance experience that will keep us focused and grow the company in the right way.” said Stephen Bennington, Co-Founder of Q5D Technologies.
“Q5D has an exciting opportunity to transform an area of manufacturing that has proven stubbornly difficult to automate and we are looking forward to working the Q5D team. Additive manufacturing is bringing new capabilities to manufacturers but its relatively rare to see such a strong value proposition for mass production,” said Dr. Charles Haythornthwaite, Senior Partner at Chrysalix Venture Capital.
Mark White, Investment Director at UKI2S, added: “We’re delighted to invest in Q5D Technology. Q5D has developed a unique robotics technology that allows wiring to be integrated into the manufacture of complex, irregularly shaped-parts in the assembly process. This integration allows savings in weight, assembly time and gives greater design freedom and can be applied to mass production in many industries including automotive and aerospace. It’s exactly the sort of innovative UK company that UKI2S looks to support, with the potential to transform manufacturing, create high-end jobs, and drive up exports and productivity. We were also impressed at the company’s success in leveraging the advanced manufacturing expertise of the Catapults, NATEP and the Aerospace Technology Institute, along with substantial support from Innovate UK.”
About Q5D Technology
Q5D Technologies Limited is an innovative company with a mission to automate the manufacture and assembly of wiring looms. It develops robotic machinery and processes for the Automotive and Aerospace industries to gain the highest level of accreditation. Q5D’s unique capabilities will be clearly visible in vehicles and consumer products of the future. www.q5dtechnology.com
About Chrysalix Venture Capital
Chrysalix is a technology focused venture capital firm that builds, mentors and connects high growth companies. Founded in Vancouver, Canada in 2001, and with offices also in Delft, Netherlands, Chrysalix has built its reputation on bringing disruptive innovation to the world’s largest industries by focusing on where technology meets physical science. The firm’s investments include breakthrough technologies like smart mining, 3D printing of steel, fast charging electric vehicle infrastructure, battery intelligence, CO2 capture, wastewater management, and fusion energy. Chrysalix has one of the strongest investment teams in the industry with deep energy, industrial technology and entrepreneurial expertise, and is backed by more than 20 international blue-chip industrial and financial investors. Chrysalix latest fund, the Chrysalix RoboValley Fund, is the firm’s second fund under management focused on industrial innovation. For more information visit: www.chrysalix.com or contact Allison Johnson at [email protected].
About SOSV
SOSV is a global venture capital firm that operates early stage startup development programs: HAX (Newark/San Francisco/Shenzhen/Tokyo) for hardware, IndieBio (San Francisco/NYC) for life sciences, Chinaccelerator (Shanghai) and MOX (Taipei) for cross-border internet, and dlab (NYC) for blockchain. The five programs work with 135 new companies each year. As of January 2022, SOSV had more than 1,000 portfolio companies and $1B billion in assets under management.
About the UK Innovation & Science Seed Fund (UKI2S):
UKI2S is a national seed capital fund backed by UKRI, Dstl and other public bodies that nurtures innovative businesses from great UK science to leverage private investment and grow jobs. The Fund provides patient, long-term committed capital and strategic advice to help these companies flourish. Over the past decade and more, the fund has built a substantial track record of companies that between them have attracted over £600m of later stage investment. Learn more at https://ukinnovationscienceseedfund.co.uk/. Twitter: @UKI2S.