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UnitQ Raises $30 Million Series B Led by Accel

BURLINGAME — UnitQ, a company developing a platform to improve product quality, has raised a $30 million Series B round led by Accel, with support from Creandum and Gradient Ventures, Google’s AI-focused venture fund. This brings the total amount raised by UnitQ to $41 million since launching in 2018.

This Series B will allow the company to expand hiring across engineering and go-to-market so that it can expand its reach and serve more businesses.

UnitQ helps companies to take a data-driven approach to product quality so they can fix the right quality issues faster. unitQ Monitor, the company’s AI-enabled product quality platform, determines what specifically is impacting quality at any given time, so that teams like engineering, support, product ops, and product management can identify, prioritize, and fix quality issues that matter most. Customers have seen significant improvement in growth, user retention, and engagement by using the product, which then impacts bottom-line results.

Customers that are using unitQ include Chime, Pandora, Strava, The RealReal, and AppLovin.

The company says it has more than tripled revenue since raising its Series A round in March 2020.

UnitQ was founded by Christian Wiklund and Niklas Lindstrom. The duo previously founded Skout, a social app that had over 50 million app installations before being acquired by The Meet Group in 2016.