Upverter began as a cloud-based engineering tool for hardware designers and has evolved into a professional online design automation platform. The company provides a GitHub-like collaboration environment for hardware engineers and has moved from a hobbyist/open-source orientation toward serving enterprise clients. Over the summer the company began earning revenue from enterprise customers seeking access to its cloud-based tools. CEO Zak Homuth said the team doubled down to transition the platform into a "real-deal" professional design suite to compete with or complement larger vendors. Upverter plans to use new funding to drive growth and pursue the status of a profitable business. Upverter builds web-based electronic design tools aimed at students, hobbyists and open-source hardware (OSHW) circuit designers. The company offers a cloud-based hardware engineering platform for designing electronics in the browser. It was co-founded in 2010 by CEO Zak Homuth, CTO Stephen Hamer and CIO Michael Woodworth. Upverter is based in Toronto, Ontario, Canada. Financially, the company raised $650K in a seed round and had previously been funded by Y Combinator. At the time of the report the company was hiring, indicating plans to expand its team and operations.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

Mar 2014