Qube Technologies, a Calgary, Canada-basedprovider of continuous emissions monitoring technology, received a Series B funding from Riverbend Energy Group.
The amount of the deal was not disclosed.
The company intends to use the funds for:
- Advanced Technology Development: it will invest in research and development to enhance its emissions monitoring solutions and release new product lines.
- Global Expansion: it plans to expand its international presence by increasing sales, marketing, and support efforts in key markets.
- New Industries: it will leverage its existing technology and further develop its algorithms to address the need for continuous monitoring in additional primary industries, such as waste treatment, renewable natural gas, and mining.
- Talent Acquisition: it will hire talent to accelerate its growth and innovation.
Led by Alex MacGregor, CEO, Qube is a technology company that has developed environmental surveillance technology to help primary industries, such as oil and gas, detect, quantify, and reduce methane and other emissions. It is currently working with operators across Canada and the US and has support from a wide range of investors and government bodies.
FinSMEs
02/10/2023