When was Upverter founded?

Upverter was founded in 2010 and raised its 1st funding round 1 year after it was founded.

Where is Upverter located?

Upverter is headquartered in Toronto, Canada.

How many employees does Upverter have?

As of Jul 31, 2026, the latest employee count at Upverter is 11.

Is Upverter a funded company?

Upverter is a funded company, having raised a total of $3.07M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2011.

When was the latest funding round of Upverter?

Upverter's latest funding was a $***** Seed round on Mar 20, 2014, with participation from 5 investors.

Where does Upverter rank among its competitors?

Upverter ranks 30th amongst 342 active competitors, of which 53 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Alpha Design AI, which secured $60M in Jul, 2026.

Who are the top competitors of Upverter?

Upverter's top competitors include Synopsys, Cadence and National Instruments. Among them, Alpha Design AI secured the most recent funding round in July, 2026.

Upverter - 2026 Company Profile, Team, Funding & Competitors

Upverter is an acquired company based in Toronto (Canada), founded in 2010 by Zak Homuth and Stephen Hamer. It operates as a Web browser-based integrated EDA tool to design, share, and review schematics and PCBs. Upverter has raised $3.07M in funding from Version One Ventures. The company has 342 active competitors, including 53 funded and 55 that have exited. Its top competitors include companies like Synopsys, Cadence and National Instruments.

Company Details

Upverter provides a web browser-based integrated EDA tool to design, share, and review schematics and PCBs. Features include the ability to generate bill of materials, Gerber files, 3D rendering, team collaboration, and an online hardware hacker community. Provides solutions to IoT, wearable technology, home automation, version control, and security & data management among others. Claims to have over 20K registered users as of Aug 2014. Company was operational for 6 years until getting acquired by Altium in 2017.

Website: upverter.com
Social
Phone Number: +1 **********

Key Metrics

Founded Year

2010

Location

Toronto, Canada

Stage

Acquired

Total Funding

$3.07M in 3 rounds

Latest Funding Round

Seed, Mar 20, 2014, $*****

Investors

Version One Ventures & 7 more

Ranked

30^th among 342 active competitors

Employee Count

11 as on Jul 31, 2026

Similar Companies

Synopsys & 290 more

Exit Details

Acquired by Altium (Aug 28, 2017)

View Upverter's full profile

Upverter got acquired by Altium on Aug 28, 2017.

Click here to take a look at Upverter's acquisition in detail

Upverter has raised a total funding of $3.07M over 3 rounds. Its first funding round was on 2011. Its latest funding round was a Seed round on Mar 20, 2014 for $*****. 5 investors participated in its latest round. Upverter has 3 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Upverter:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 20, 2014	2444548	Seed	4572983	1999169	3759102	7242737
Feb 20, 2013	4826976	Angel	6574569	6426527	6296368	Christina Brodbeck & 1 more
2011	2175	Seed	9863	7156	3189	Y Combinator

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View details of Upverter's funding rounds and investors

The founders of Upverter are Zak Homuth and Stephen Hamer.

Here are the details of Upverter's key team members:

Zak Homuth: Former Co-Founder of Upverter.
Stephen Hamer: Former Co-Founder of Upverter.

View details of Upverter's Founder profiles and Board Members

Upverter's employee count trend

Upverter has 11 employees as of Jul 26. Here is Upverter's employee count trend over the years:

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Top competitors of Upverter include Synopsys, Cadence and National Instruments. Here is the list of Top 10 competitors of Upverter, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Synopsys 1986, Sunnyvale (United States), Public	Provider of engineering solutions from silicon to systems, including EDA tools, semiconductor IP, and systems verification	-	Oak Investment Partners, Nvidia & 3 others	69/100
2nd	Cadence 1988, San Jose (United States), Public	Provider of electronic design automation software for semiconductor industry	-	Concord Venture Capital Group, Herald Investment Management ... & 9 others	68/100
3rd	National Instruments 1976, Austin (United States), Acquired	Provider of hardware, software, and services for test and measurement	-	BAFA, Europa & 1 others	66/100
4th	Flux AI 2019, San Francisco (United States), Series B	Developer of an AI-powered platform for PCB design and layout	$49M	Outsiders Fund, 8VC & 11 others	65/100
5th	Cognichip 2024, Redwood City (United States), Series A	Developer of physics informed artificial intelligence models for chip design	$93M	Lux Capital, Seligman & 6 others	64/100
6th	Alpha Design AI 2024, San Jose (United States), Series A	Provider of agentic AI platforms for semiconductor chip design and verification	$134M	Bessemer Venture Partners, ScOp Venture Capital ... & 11 others	63/100
7th	Normal Computing 2022, New York City (United States), Series A	Developer of AI software for hardware engineering and EDA solutions	$85M	Samsung Catalyst Fund, Celesta Capital & 10 others	63/100
8th	Data Patterns 1985, Chennai (India), Public	Provider of mission‑critical embedded electronic systems and sensor‑centric solutions	-	SIDBI Venture Capital, Yali Capital & 1 others	62/100
9th	proteanTecs 2017, Haifa (Israel), Series D	Provider of cloud-based lifecycle analytics software for chips	$250M	Koch Disruptive Technologies, Redline Capital Management ... & 25 others	62/100
10th	Mentor Graphics 1981, Wilsonville (United States), Acquired	Developer of software tools for electronic design automation	-	Elliott Management, Gefinor Capital & 7 others	60/100
30th	Upverter 2010, Toronto (Canada), Acquired	Web browser-based integrated EDA tool to design, share, and review schematics and PCBs	$3.07M	Golden Ventures, Version One Ventures & 6 others	45/100