HADLEY, Mass., July 23, 2015 /PRNewswire/ -- Software company, Qnect LLC raises 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's vision is to be the world's premiere resource for advanced connection engineering and welcomes Walters as a strategic partner.
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."
Qnect was formed in 2013 to develop powerful new software applications to re-think the construction industry. Patent pending QuickQnect™ automates structural steel connection design through cloud-based engineering capable of detailing 1,000s of steel joints in minutes. Qnect integrates with the industry standard Tekla platform. Qnect's solution results in accurate, engineered Qnections, ready for production.
About Walters Group-
Walters Group is made up of a tightly integrated network of companies and partners primarily focused on creating complex structural steel for commercial and industrial construction projects throughout North America. Each company within the Walters Group contributes skills, expertise, and technology that together allow us to provide our clients with vertically integrated solutions. Our ability to provide complete services "in-house" across areas including construction engineering, detailing, project management, fabrication, finishing, delivery and erection is one of the keys that distinguish us in the marketplace. Walters Group also provides Design-Assist and Value Engineering services to our clients.
SOURCE Qnect LLC