The company, which has raised $2.5 million so far, was launched by UW-Madison statistics professor Peter Qian, who studies the uncertainty quantification field. Qian’s software helps manufacturers through statistical analyses that predict how all possible variables of a product would play out.

Qian said all the investors in the round have Wisconsin ties and that Smart UQ is looking to hire new employees in engineering, marketing and sales.

See the SEC filing:

See more on Smart UQ in an earlier story: