SpeQtral Secures $1.9 Million USD in Seed Funding for Space Quantum Communication Systems
(StoryOfFuture) A Singapore based startup, SpeQtral has secured US$1.9 million in an oversubscribed seed funding. The startup has been developing space quantum communication systems. Space Capital, a US$25 million venture fund of Space Angels, alongside the participation of other investors including Shasta Ventures, Golden Gate Ventures, and SGInnovate, led the funding round.
The CEO of Space Angels and Managing Partner of Space Capital, Chad Anderson deems SpeQtral an excellent addition to their portfolio. He believes that their technology has the capability to transform space-based communications.