Breakout Labs funds its first company out of New Mexico

UbiQD, Inc., a New Mexico-based quantum dot manufacturer, is one of the newest portfolio companies funded by Breakout Labs.

UbiQD, which has developed a new kind of safer, brighter, cost-effective, and more reliable quantum dot, sees the biggest market opportunities in solar-related products, but also provides materials for other applications. Quantum dots are known for their highly efficient ability to convert one spectrum of light into another. The newest funding from Breakout Labs, which also marks the organization’s first investment in the state of New Mexico, will enable UbiQD to specifically focus on developing a greenhouse product.

Immediately prior to the Breakout Labs’ funding, UbiQD closed a corporate restructuring, converting from an LLC to a C-corporation on Oct. 1. In August, the company completed the purchase of its 9,000-square-foot headquarters in Los Alamos after it secured financing from Los Alamos County via the Local Economic Development Assistance (LEDA) program. UbiQD is nearing completion of the first phase of its lab space renovations that will enable the company to supply pilot projects, and it now employs 10 full-time individuals.