Miguel Cordon · · 1 min readSpacetech startup SpeQtral raises $1.9m seed funding
Centre for Quantum Technologies (CQT), Singapore’s research center of excellence, has formally announced SpeQtral with a US$1.9 million seed round led by Space Capital.
Space Angels, Shasta Ventures, Golden Gate Ventures, and SGInnovate, also participated in the round.
Photo credit: NASA
Formerly known as S15 Space Systems, SpeQtral looks to build space-based quantum communication systems. The company has licensed intellectual property from the National University of Singapore, which hosts the CQT, to help it develop compact quantum light sources. SpeQtral also hired former CQT researchers to help with building its technology.
With the funding, the company plans to start a commercially focused space-to-ground CubeSat quantum communication demonstration mission and further its research and development of quantum communication tech. It is also set to expand its team and set up offices in Singapore and the US.
Editing by Dante Gagelonia and Charmaine de Lazo
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