QRA Corp develops QVscribe, a natural language processing and AI-powered tool that helps product engineers detect errors, verify clarity and compliance, and reduce costly rework in industries like medical devices, automotive, aerospace and energy. The product combines language models, NLP, machine reasoning and rules-based approaches to automatically check requirement specifications and alert designers to potential issues as they occur. QRA reports its revenue has more than doubled over the last 18 months and cites notable traction including a three-year-old $645,000 contract to provide QVscribe to the Royal Canadian Air Force. The Halifax-based team is currently 15 people and plans to add at least five more hires to support growth. The company plans to use recent financing to expand sales, marketing and support teams in North America and Europe and to deepen its technology stack. QRA positions its software as a way to save millions in rework and reduce product failures and litigation risk by catching requirement defects early. QRA Corp is a Halifax-based developer of enterprise software tools for early-stage validation and verification of engineered systems. Its two main products are QVTrace, which helps designers identify system faults typically encountered in the build stage, and QVScribe, which analyzes requirements documents within Microsoft Word. The company works closely with the world’s largest defense contractor, Lockheed Martin. QRA received $3 million from the Atlantic Canada Opportunities Agency; the funding is a conditionally repayable sum provided under the Atlantic Growth Strategy. The company will use the proceeds to develop commercial software and to hire 13 research-and-development employees. Management says the tools are intended to catch design integration errors early for systems such as autonomous cars and commercial spacecraft. The investment is part of a broader Canadian government initiative that is investing $7.1 million across four Atlantic Canada-based innovative projects.

Total raised

$6M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2021