When was Q-Free founded?

Q-Free was founded in 1984 and raised its 1st funding round 32 years after it was founded.

Where is Q-Free located?

Q-Free is headquartered in Trondheim, Norway.

Who is the current CEO of Q-Free?

Thomas Falck of Q-Free. They are also angel investors in 3 startups.

How many employees does Q-Free have?

As of Sep 30, 2026, the latest employee count at Q-Free is 548.

Is Q-Free a funded company?

Q-Free is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Sep 29, 2016.

When was the latest funding round of Q-Free?

Q-Free's latest funding was a $***** Post IPO round on Dec 18, 2020, with participation from 1 investor.

Where does Q-Free rank among its competitors?

Q-Free ranks 37th amongst 298 active competitors, of which 65 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Derq, which secured an undisclosed amount in Oct, 2024.

Who are the top competitors of Q-Free?

Q-Free's top competitors include Mobileye, Aptiv and Phantom. Among them, Derq secured the most recent funding round in October, 2024.

Q-Free - 2026 Company Profile, Team, Funding, Competitors & Financials

Q-Free is an acquired company based in Trondheim (Norway), founded in 1984. It operates as a Developer of intelligent transportation systems for traffic and toll management. Q-Free has raised an undisclosed amount in funding. The company has 298 active competitors, including 65 funded and 37 that have exited. Its top competitors include companies like Mobileye, Aptiv and Phantom.

Company Details

Developer of intelligent transportation systems for traffic and toll management. Systems include electronic toll collection, traffic signal control, and vehicle classification technology. Hardware and software components facilitate automatic license plate recognition, weigh in motion monitoring, and fleet management. The tools assist in regulating traffic flow, managing congestion, and enforcing road usage regulations. Additional capabilities include bicycle and pedestrian monitoring, lane closure management, and data collection for infrastructure operations.

Website: www.q-free.com
Social
Email ID: *****@q-free.com

Key Metrics

Founded Year

1984

Location

Trondheim, Norway

Stage

Acquired

Latest Funding Round

Post IPO, Dec 18, 2020, $*****

Investors

Kapsch

Ranked

37^th among 298 active competitors

Employee Count

548 as on Sep 30, 2026

Similar Companies

Kapsch & 118 more

Exit Details

Acquired by Rieber & Son (Dec 06, 2022)

View Q-Free's full profile

Q-Free is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Q-Free Denmark ApS CIN: 39960869 , Denmark, Active	Oct 15, 2018	-	1 (As on Mar 31, 2024)
Q-free Asa CIN: 935487242 , Norway, Active	Jul 29, 1984	-	-

Q-Free got acquired by Rieber & Son on Dec 06, 2022.

Click here to take a look at Q-Free's acquisition in detail

Q-Free has raised funding over 2 rounds. Its first funding round was on Sep 29, 2016. Its latest funding round was a Post IPO round on Dec 18, 2020 for $*****. 1 investor participated in its latest round. Q-Free has 1 institutional investor.

Here is the list of recent funding rounds of Q-Free:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 18, 2020	4614802	Post IPO	5574583	9510773	7872275	6775108
Sep 29, 2016	1323542	Post IPO	4866404	6026383	8402317	6565050

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View details of Q-Free's funding rounds and investors

Q-Free's employee count trend

Q-Free has 548 employees as of Sep 26. Here is Q-Free's employee count trend over the years:

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Top competitors of Q-Free include Mobileye, Aptiv and Phantom. Here is the list of Top 10 competitors of Q-Free, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mobileye 1999, Jerusalem (Israel), Public	Developer of automated driving systems and vehicle safety sensor technology	$530M	Sailing Capital, Goldman Sachs & 26 others	81/100
2nd	Aptiv 1994, Schaffhausen (Switzerland), Public	Provider of vehicle components, connectivity systems, and electrical distribution systems	-	Economy And Finance, Military Health & 3 others	72/100
3rd	Phantom 2016, Burlingame (United States), Acquired	AI-enabled full-stack system provider for autonomous vehicles	$80.2M	Samsung Venture Investment, Shinhan Financial Group ... & 13 others	70/100
4th	Kapsch 1892, Austria, Public	Provider of intelligent transportation systems and tolling and traffic management	-	Shapla Ventures, Vienna Capital Partners & 3 others	67/100
5th	Horizon 2015, Beijing (China), Public	Platform for self driving car technology	$3.4B	Chery, Amperex Technology & 56 others	65/100
6th	Iteris 1969, Santa Ana (United States), Acquired	Provider of technology solutions for smart mobility infrastructure management	-	180 Degree Capital, Federal Highway Administration ... & 1 others	63/100
7th	Derq 2016, Dubai (United Arab Emirates), Seed	Developer of intelligent transportation systems using artificial intelligence for road safety	$6M	AT&T, e& & 5 others	62/100
8th	Vector 1988, Stuttgart (Germany), Early Stage	Provider of solutions for development, testing, and validation of embedded systems	$735K	Europa	59/100
9th	AutoCrypt 2007, Seoul (South Korea), Public	Provider of cybersecurity solutions for automotive and mobility applications	$40.5M	Hyundai Venture Investment, Ulmer Investments ... & 10 others	57/100
10th	HAAS Alert 2015, Chicago (United States), Seed	Provider of digital alerts and coordination tools for roadway safety	$5.12M	Volition Capital, Risk and Return & 18 others	57/100
37th	Q-Free 1984, Trondheim (Norway), Acquired	Developer of intelligent transportation systems for traffic and toll management	-	Kapsch	45/100