Queralt Raises $500K in Funding

Published On November 5, 2012 |

Queralt Inc., a North Haven, Conn.-based software development company, has raised $500k in funding.

Backers include existing investor Connecticut Innovations (CI) which has committed $200k. In 2011, CI provided the company with $150k in pre-seed funding (read here).

Led by Michael Queralt, president, Queralt develops cloud-based applications for real-time monitoring and management of physical assets and people. The company’s iQ3 platform gathers and processes data from multiple sensors, radio-frequency identification tags, and GPS and mobile devices to provide output and trigger actions, such as real-time alerts, activation of remote devices, etc.
Queralt’s solutions are used in healthcare and medical facilities, corporate offices, manufacturing facilities and schools and government agencies.
In senior living facilities, such as Bloomfield, Connecticut-based Seabury, the iQ3 system typically includes pendant tag alerts worn by residents, door and temperature sensors, and employee access tags, in addition to the company’s proprietary software.

FinSMEs

05/11/2012

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