QLM lands £3M seed fund for quantum lidar gas imaging
20 Apr 2021
QLM Technology, the Bristol, UK, company developing quantum lidar cameras, has raised £3.1 million in seed funding.
The injection of new cash - provided by lead investor Green Angel Syndicate but also featuring a local private equity club and Houston-based oil technology firm ChampionX, among others - is set to help QLM expand its technical and commercial teams, achieve industrial validation and orders, and boost its patent portfolio.
âThe multidisciplinary consortium of green investors, technology accelerators, and oil and gas industry professionals shares QLMâs vision of enabling organisations to achieve Net Zero (sic) through mitigation of greenhouse gas emissions,â announced the startup, which is in the process of launching its first commercial cameras.
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