Aquark Technologies has just secured €5 million ($5.58 million USD) in seed funding to propel its groundbreaking quantum sensing technology to new heights. This significant funding round was led by the NATO Innovation Fund (NIF), with key contributions from EIFO, UKI2S (managed by Future Planet Capital), and MBDA. This game-changing investment is set to propel Aquark’s innovative, cold atom-based sensors, revolutionizing precision in positioning, navigation, and timing across vital sectors like defense, telecommunications, and finance.
Aquark’s state-of-the-art quantum sensors tackle the vulnerabilities in GPS systems that have faced increased interference in recent times. With a focus on compactness, mobility, and energy efficiency, Aquark’s sensors excel in challenging environments such as underwater and aerial applications. These sensors offer unmatched resilience against GPS jamming, ensuring unparalleled signal accuracy in any circumstance.
Being the first company in the DIANA Defence Accelerator program to secure direct investment from NIF, Aquark’s dual-use technology holds promising prospects in both commercial and defense sectors. This funding round will fuel Aquark’s growth trajectory, enabling team expansion, fostering strategic collaborations, and accelerating the commercialization of its groundbreaking technology.
For more details, you can access the complete press release here.
Published on September 19, 2024
Mohamed Abdel-Kareem2024-09-19T17:56:24-07:00
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