Fundraising Fox

QM Power

Lee'S Summit, US · Delaware corporation

Founders & leadership

CJ
C. Joseph FlynnChief Technology Officer and Director of the Issuer
PJ
Patrick J. PiperExecutive
GH
Galen HansenFinancial Controller of the Issuer

Board

BR
Boris RyabovBoard director
MA
Mark AustinBoard director

Reported raises · per SEC filings

Form D private placements

$12.1M disclosed across 3 rounds · 2015–2018

▶$1MraisedMar 2018 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Nety KrishnaDirector
  • C. Joseph FlynnExecutive Officer, Director
  • Richard HeppeDirector
  • Galen HansenExecutive Officer
  • Boris RyabovDirector
Offering amount
$4M
Amount sold
$1M
First sale
Mar 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$9.1MraisedMar 2016 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Galen HansenExecutive Officer
  • Patrick J. PiperExecutive Officer, Director
  • Mark AustinDirector
  • C. Joseph FlynnExecutive Officer, Director
Offering amount
$14M
Amount sold
$9.1M
First sale
Mar 2016
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedNov 2015 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Patrick J. PiperExecutive Officer, Director
  • Galen HansenExecutive Officer
  • Mark AustinDirector
  • C. Joseph FlynnExecutive Officer, Director
  • Boris RyabovDirector
Offering amount
$5M
Amount sold
$2M
First sale
Oct 2015
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Quantum Machines4 shared keywordsQuantum Machines builds Hybrid Control systems that integrate quantum control units with classical compute, including the Pulse Processing Unit (PPU) and a development platform based on the QUA language. Its products serve quantum computing developers and researchers working across quantum technologies, with compatibility for stacks such as OpenQASM, Qiskit, and CUDA-Q.

Companies competing with QM Power for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 16 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Department of Agriculture (USDA)Phase I2015$100K
U.S. ArmyArmyPhase II2013$473.2K
U.S. NavyNavyPhase II2012$600K
National Science FoundationPhase II2012$500K
U.S. ArmyArmyPhase I2012$150K
U.S. ArmyArmyPhase II2011$779.8K
NASAPhase II2011$600K
Department of EnergyPhase I2011$150K
Department of EnergyPhase I2011$150K
National Science FoundationPhase I2011$150K
National Science FoundationPhase II2010$458.2K
U.S. NavyNavyPhase I2010$150K
NASAPhase I2010$100K
U.S. ArmyArmyPhase I2010$70K
National Science FoundationPhase I2009$96.6K
National Science FoundationPhase I2008$91.8K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

Who founded QM Power?
QM Power was founded by C. Joseph Flynn.
How much funding has QM Power raised?
QM Power has disclosed $12.1M raised across 3 rounds.
Where is QM Power headquartered?
QM Power is headquartered in Lee'S Summit, US.