Quidient Receives Half Million TEDCO Investment
– Stara Diamond, September 20th, 2022
TEDCO (Maryland Technology Development Corporation) offers funding and resources for Maryland’s growing technology and life sciences companies. Quidient is honored to have received a half million-dollar investment from TEDCO, led by Tim Wilson, Seed Fund Manager. Investments like this one help Quidient build and expand its Generalized Scene Reconstruction software platform, called Quidient Reality®. Quidient Reality turns your smartphone into a 3D imaging machine supporting apps in 3D social media, 3D insurance quoting, 3D telemedicine, 3D e-commerce and metaverse portaling.
Mr. Wilson has extensive experience in business operations and private investment. He states, “Quidient is an exciting deep tech company focused on a critical component of the metaverse called the Reality Portal®. Quidient has already attracted great talent to Maryland from around the country. TEDCO sees Quidient becoming a key player in the metaverse ecosystem.”
Quidient has raised most of its post-seed round (PSR) and expects to close it this fall. The PSR makes Quidient eligible for up to $3.6M in 1:1 matching development funding through the Department of Defense’s TACFI program. Funding goes directly to business, product, patent, and brand development.
