Quantum Technology Sciences, a Cocoa Beach, Fla.-based provider of intrusion detection and movement monitoring solutions designed for securing energy assets, closed $4.4m Series A funding round.
Backers included Bud Brigham of Anthem Ventures, Jim Farnsworth, chief exploration officer with Cobalt International Energy, Infinity Oil & Gas, and Texas-based investment firm McNair Group.
The company intends to use the funds for technology commercialization and the initial product platform’s market launch.
Founded in 1991 and led by CEO Mark Tinker, PhD, Quantum designs and sells in-ground security solutions to safeguard highly valued assets, critical infrastructure, borders, and perimeters. The company offers a security solution capable of using a single concealed sensor to maintain an awareness perimeter where potential threats on land, underground, in the air and in the water are detected, tracked, and classified in real-time.
Quantum has served as the prime contractor for Phase III development and maintenance of the U.S. National Data Center, the Air Force system that provides national authorities quality technical analysis to monitor Comprehensive Nuclear Test Ban Treaty compliance and other government organizations.
FinSMES
18/06/2014