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Weaver is also a go-to mediator in case things don’t work out as planned between a homeowner and general contractor.
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The company’s software allows architects to optimise operations and communications, creating transparency along the entire contracting process without the hassle of trawling through emails, spreadsheets or WeTransfers.
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Weaver’s extensive professional network and continuous vetting ensures that architects and their clients have access to the best contractor supply. The London-based startup is the first to help architects and their homeowner clients reduce the risks associated with hiring a general contractor by developing software that does all the critical work from sourcing, pricing, contracting, and paying contractors over one interface. Weaver has built a bidding platform for homeowners and architects to obtain contractor prices for their renovation projects. All of this adds up to a murky market environment in need of fixing. This lack of transparency and access to choice also makes household renovation riskier than it should be, as there is little due diligence to investigate the track record of contractors under review, no recourse in cases of contractor bankruptcy, with many renovation projects lacking a bidding and proper contract process altogether. Both households and architects struggle to find and discover the best contractors, which is a time-consuming process with few digital solutions on the market. Home renovations are no exception, with less than 1% of renovation bids being carried out online. The construction sector remains fragmented and disconnected from digital technology.
Weaver, the London-based marketplace startup connecting architects and contractors, has raised $4 million in a seed round to fuel expansion plans across metro areas in the UK. QLM continues to benefit from the expertise of the UK National Physical Laboratory.Weaver, a pioneering service connecting architects and general contractors over a digital marketplace, raises $4 million in seed funding to transform home renovations Innovate UK is the major financial backer of the Single Photon Lidar Imaging of Carbon Emissions (SPLICE) project which developed the quantum-enabled camera. QLM collaborates with industry, government and academia. Dr Murray Reed, a photonics industry veteran with thirty years of experience commercialising cutting-edge technology in Silicon Valley, became CEO in June 2019. The Quantum Technology Enterprise Centre at the university helped Xiao form QLM Technology Ltd in 2017. He realised that his research, in which a Lidar beam simultaneously probed both the shape and the concentration of plumes of methane, could help achieve Net Zero through mitigation of greenhouse gas emissions. QLM Technology was founded by its Chief Technical Officer, Xiao Ai, after postgraduate research into single photon Lidar gas detection at the University of Bristol. I feel confident this seed round will allow the company to progress rapidly to the next level.
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Our unique quantum Lidar is the right solution for the challenge of how to effectively measure industrial methane emissions, and meet the major commitments that the oil and gas majors have made to control their greenhouse gas emissions.ĭr Bernard Bulkin, leader of the Green Angel investment and incoming QLM Chairman adds: “QLM has technology with great potential to substantially change what we know about industrial and environmental greenhouse emissions and help enable NetZero. The investment will drive the expansion of QLM’s technical and commercial capability, secure industrial validation of the unique quantum TDLidar technique, and provide a roadmap to commercial readiness of the revolutionary quantum gas camera.ĭr Murray Reed, CEO at QLM, says: “This funding round will enable us to scale up our development and launch our business providing next-generation greenhouse gas monitoring. The multidisciplinary consortium of green investors, technology accelerators and oil and gas industry professionals shares QLM’s vision of enabling organisations to achieve Net Zero through mitigation of greenhouse gas emissions. The investment is led by the Green Angel Syndicate and includes the Enterprise100 syndicate, the Newable Venture Fund, the Development Bank of Wales, the Bristol Private Equity Club, the Britbots Seed Fund, and Houston-based oilfield technology solutions provider ChampionX.