UbiQD Secures $6M in Growth Capital from Silicon Valley Bank, Appoints Tony Beams as Chief Financial Officer
Summary
UbiQD secured $6 million in venture debt from Silicon Valley Bank to expand its quantum dot manufacturing capacity in New Mexico. The company plans to use the capital for facility upgrades and specialized equipment to meet growing commercial demand. UbiQD also appointed Tony Beams as Chief Financial Officer to help steer its next phase of growth. Beams brings finance leadership experience from agriculture technology and software-adjacent businesses, which fits UbiQD’s scaling plans.
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SaaS
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$10M to $25M