SpeQtral (formerly S15 Space Systems), a Singapore-based startup developing space-based quantum systems for the global delivery of secure encryption keys, raised $1.9M in seed funding.
The round was led by Space Capital, the venture fund of Space Angels, which also participated in the round, as did Shasta Ventures, Golden Gate Ventures and SGInnovate.
The company intends to use the funds to:
– kick off a commercially-focused space-to-ground cubesat quantum communication demonstration mission,
– expand the team,
– open offices in Singapore and the United States, and
– develop further advances in quantum communication technology.
Led by Chune Yang Lum, co-founder and CEO, SpeQtral is building space-based quantum communication systems for the future of secure communication networks rooted in advanced technologies developed at the Centre for Quantum Technologies (CQT), a Research Centre of Excellence hosted by the National University of Singapore (NUS).