Software company, Qnect LLC announced Friday that it raised a $2 million Series A funding round led by strategic partner, Walters Group, a 59 year old steel fabrication, erection and special services company based in Hamilton, Ontario, Canada.
Qnect develops software to automate steel connection engineering. QuickQnect helps steel fabricators detail 3D models that lead to faster, more accurate, less expensive shop drawings. The over 10X speed improvement opens up possibilities for early BIM coordination, estimating, pricing optimization, and iteration of steel connection designs for engineering efficiency.
Qnect's CEO, Jef Sharp: "This industry is driven by schedule, accuracy and cost efficiency. We deliver all three. And by combining one of North America's most respected fabricators with forward thinking software and engineering, Qnect will accelerate implementation to the construction industry."
Peter Kranendonk, SVP, Walters Group: "The partnership will provide great opportunities for input, collaboration and product development strategy that will even further enhance Qnect's revolutionary service to the structural steel fabrication and design communities. Qnect will make an unforgettable difference in how stakeholders experience building with steel in years to come."