UnitQ Raises $30 Million Series B Led by Accel

<p><strong>BURLINGAME<&sol;strong> &&num;8212&semi; UnitQ&comma; a company developing a platform to improve product quality&comma; has raised a &dollar;30 million Series B round led by Accel&comma; with support from Creandum and Gradient Ventures&comma; Google’s AI-focused venture fund&period; This brings the total amount raised by UnitQ to &dollar;41 million since launching in 2018&period;<&sol;p>&NewLine;<p>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&period;<&sol;p>&NewLine;<p>UnitQ helps companies to take a data-driven approach to product quality so they can fix the right quality issues faster&period; unitQ Monitor&comma; the company&&num;8217&semi;s AI-enabled product quality platform&comma; determines what specifically is impacting quality at any given time&comma; so that teams like engineering&comma; support&comma; product ops&comma; and product management can identify&comma; prioritize&comma; and fix quality issues that matter most&period; Customers have seen significant improvement in growth&comma; user retention&comma; and engagement by using the product&comma; which then impacts bottom-line results&period;<&sol;p>&NewLine;<p>Customers that are using unitQ include Chime&comma; Pandora&comma; Strava&comma; The RealReal&comma; and AppLovin&period;<&sol;p>&NewLine;<p>The company says it has more than tripled revenue since raising its Series A round in March 2020&period;<&sol;p>&NewLine;<p>UnitQ was founded by Christian Wiklund and Niklas Lindstrom&period; The duo previously founded Skout&comma; a social app that had over 50 million app installations before being acquired by The Meet Group in 2016&period;<&sol;p>&NewLine;