(APNews) SpeQtral has been formally announced with $1.9M in initial eed funding from Space Capital to power the next generation of secure communications. Space Angels also participated in the round, as did Shasta Ventures, Golden Gate Ventures and SGInnovate.
The round, which was oversubscribed, will give SpeQtral the capital necessary to kick off a commercially-focused space-to-ground cubesat quantum communication demonstration mission, expand the team and open offices in Singapore and the United States, and develop further advances in quantum communication technology.
Formerly known as S15 Space Systems, SpeQtral is building space-based quantum communication systems rooted in advanced technologies developed at the world-renowned Centre for Quantum Technologies (CQT), a Research Centre of Excellence hosted by the National University of Singapore (NUS).
“I admire the SpeQtral team’s vision in launching a business for space-based quantum communication. It is a pleasure to see colleagues take this step to build from decades of research towards a global commercial network,” says Artur Ekert, Director of CQT and co-inventor of quantum cryptography.