Q-Bot Raises Over £3.5M in Funding
Summary
Q-Bot, a London, UK-based advanced insulation solutions provider, raised more than £3.5m in funding. The company intends to use the funds for growth in its main market of the UK, in continental Europe and in the USA. Founded in 2012 by Tom Lipinski (now Q-Bot’s Chief Technology Officer) and Professor Peter Childs FREng, and led by John Kennedy, Chief Executive Officer, Q-Bot leverages Artificial Intelligence and robotics to insulate people’s homes. A remotely operated robotic device applies a continuous layer of spray-foam insulation to the underside of the floor, resulting in a reduction in heat loss through the floor and a barrier to cold air draughts. Q-Bot is a provider to the UK Government’s Green Homes Local Authority Delivery Scheme, the Social Housing Decarbonisation Fund, Great British Insulation Scheme and Home Upgrade Grant.