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Print Edition StoriesQueralt Inc. is the latest recipient of funding from Connecticut Innovations (CI), the state’s quasi-public tech investment and development agency. The North Haven-based company, which makes cloud-based technology for businesses’ real-time tracking of physical assets and people, is taking in $150,000 from CI’s Pre-Seed Fund.
With the additional funds, Queralt said in a news release that it plans to hire employees and further support its iQ3 technology, which also monitors environmental conditions of workplaces. The company already has a project underway with the City of New Haven Public Schools to monitor PC assets for the sake of maintaining updated data and providing added security.
CI’s Pre-Seed Fund enables the agency to distribute loans in the amount of $150,000 to early stage companies in Connecticut for the purpose of supporting new hires, intellectual property development, business plan development, market analyses, technology assessments, market entry strategy development, accounting or legal support.
Founded in 2006, Queralt landed its first Small Business Innovation Research grant in 2009 through the U.S. Department of Homeland Security. The company was named a Mass High Tech "Startup Watch: Five you should follow” company in 2009.
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