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 Apr 30, 2026, the latest employee count at Upverter is 12.

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 26th amongst 269 active competitors, of which 48 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was proteanTecs, which secured an undisclosed amount in Mar, 2026.

Who are the top competitors of Upverter?

Upverter's top competitors include National Instruments, Cadence and Synopsys. Among them, proteanTecs secured the most recent funding round in March, 2026.

Upverter - 2026 Company Profile, Team, Funding & Competitors

Upverter is an acquired company based in Toronto (Canada), founded in 2010 by Michael Woodworth, 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 269 active competitors, including 48 funded and 53 that have exited. Its top competitors include companies like National Instruments, Cadence and Synopsys.

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

26^th among 269 active competitors

Employee Count

12 as on Apr 30, 2026

Similar Companies

Cadence & 270 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	4184972	Seed	4630347	5679728	1103441	5655545
Feb 20, 2013	8425186	Angel	9591846	5769811	4094048	Christina Brodbeck & 1 more
2011	7946	Seed	6854	1536	7373	Y Combinator

Access funding benchmarks and valuations. Sign up today!

View details of Upverter's funding rounds and investors

The founders of Upverter are Michael Woodworth, Zak Homuth and Stephen Hamer.

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

Michael Woodworth: Co-Founder of Upverter.
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 12 employees as of Apr 26. Here is Upverter's employee count trend over the years:

Uncover Upverter's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Upverter include National Instruments, Cadence and Synopsys. 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	National Instruments 1976, Austin (United States), Acquired	Provider of hardware, software, and services for test and measurement	-	BAFA, Europa & 1 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	Synopsys 1986, Sunnyvale (United States), Public	Provider of engineering solutions from silicon to systems, including EDA tools, semiconductor IP, and systems verification	-	New Enterprise Associates, Nvidia & 2 others	67/100
4th	proteanTecs 2017, Haifa (Israel), Series D	Provider of cloud-based lifecycle analytics software for chips	$250M	Koch Disruptive Technologies, Viola Group ... & 25 others	66/100
5th	Mentor Graphics 1981, Wilsonville (United States), Acquired	Developer of software tools for electronic design automation	-	Elliott Management, AVI Management Partners ... & 6 others	58/100
6th	Altium 1985, San Diego (United States), Acquired	Developer of PCB design and cloud collaboration software for electronics engineering	-	CHAMP Ventures	57/100
7th	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	57/100
8th	Quilter 2019, Los Angeles (United States), Series B	Developer of AI-driven electronics design software for hardware development programs	$35M	Index Ventures, Benchmark & 3 others	57/100
9th	Circuit Mind 2018, London (United Kingdom), Series A	Provider of AI-powered platform for electronics design and automation	$6.86M	Deeptech Labs, 7percent Ventures & 10 others	56/100
10th	Bluespec 2003, Framingham (United States), Series C	Provider of electronic design synthesis tools for integrated circuits & FPGAs	$26.8M	Atlas Venture, North Bridge Venture Partners ... & 1 others	56/100
26th	Upverter 2010, Toronto (Canada), Acquired	Web browser-based integrated EDA tool to design, share, and review schematics and PCBs	$3.07M	Golden Ventures, Y Combinator & 6 others	45/100