January 31, 2023

QLM raises £3.1m in seed investment

QLM raises £3.1m in seed investment Quantum sensor startup QLM in Bristol, UK, has raised £3.1m (€3.6m) in a seed investment

QLM, a quantum-enabled gas sensor startup, in the UK has raised £3.1m (€3.6m) in a seed investment. 

The company has developed a lidar camera using quantum photon sensor that can detect methane, a key greenhouse gas, at a considerable distance. This allows plants and factories to me more easily monitored, as well as monitoring from a UAV drone in the air.

The investment is led by the Green Angel Syndicate and includes the Enterprise100 syndicate, the Newable Venture Fund, the Development Bank of Wales, the Bristol Private Equity Club, the Britbots Seed Fund, and Houston-based oilfield technology solutions provider ChampionX.

The funding will drive the expansion of QLM’s technical and commercial capability, secure industrial validation of the quantum TDLidar technique and provide a roadmap to commercial readiness of the quantum gas camera, particularly for monitoring methane, a significant greenhouse gas. (EE News Europe)

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