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SpeQtral Announces $1.9M Seed Funding to Power the Next Generation of Secure Communications
SINGAPORE & NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/QKD?src=hash” target=”_blank”gt;#QKDlt;/agt;–SpeQtral was formally announced today with initial funding led by Space
Capital.
Formerly known as S15 Space Systems, SpeQtral is building space-based
quantum communication systems rooted in advanced technologies developed
at the world-renowned Centre for Quantum Technologies (CQT), a Research
Centre of Excellence hosted by the National University of Singapore
(NUS). This quantum technology offers unprecedented security from
eavesdropping and will enable the next generation of secure
communication networks. SpeQtral has licensed from NUS the IP and
knowhow necessary to develop compact quantum light sources, and has also
hired former CQT researchers to its team.
SpeQtral’s $1.9 million seed round was led by Space Capital, the venture
fund of Space Angels, the world’s leading space investors. Space Angels
also participated in the round, as did Shasta Ventures, Golden Gate
Ventures and SGInnovate.
“It is a great honor to have Space Capital lead our investment round,”
said Chune Yang Lum, co-founder and CEO of SpeQtral. “Their vision and
support from Shasta, Golden Gate Ventures, and SGInnovate will be
immensely valuable as we bring our quantum technology to the world.”
“SpeQtral is a fantastic addition to our portfolio,” said Chad Anderson,
CEO of Space Angels and Managing Partner of Space Capital. “Their
technology has the capability to transform space-based communications
and we are excited to help them realize that potential.”
“I admire the SpeQtral team’s vision in launching a business for
space-based quantum communication. It is a pleasure to see colleagues
take this step to build from decades of research towards a global
commercial network,” says Artur Ekert, Director of CQT and co-inventor
of quantum cryptography.
“Quantum technology is an exciting frontier with limitless potential,”
said Steve Leonard, Founding CEO, SGInnovate. “The scientists behind the
formation of SpeQtral have done years of research in quantum
communication, and are now turning that research into a commercial
technology. We are thrilled to come in at an early part of their
journey.”
The round, which was oversubscribed, will give SpeQtral the capital
necessary to kick off a commercially-focused space-to-ground cubesat
quantum communication demonstration mission, expand the team and open
offices in Singapore and the United States, and develop further advances
in quantum communication technology.
About SpeQtral
SpeQtral is developing space-based, quantum communication built on
technologies developed at the Centre for Quantum Technologies (CQT) at
the National University of Singapore. The team has developed
technologies that harness the unique properties of quantum physics to
enable encryption methods that can secure communications with forward
security. SpeQtral is the only team with heritage from a successful
on-orbit demonstration of a quantum light source on a cubesat, and is
committed to bringing future-proof security to the commercial world.
Learn more at www.speqtral.space.
About Space Capital
Space Capital is a $25 million seed-stage venture capital fund led by
the world’s leading space investor and operator. We invest in the final
frontier of technology and growth and partner with pioneering founders
to solve the hardest problems on Earth and beyond.
About Centre for Quantum Technologies
The Centre for Quantum Technologies (CQT) is a national Research Centre
of Excellence in Singapore. It brings together physicists, computer
scientists and engineers to do basic research on quantum physics and to
build devices based on quantum phenomena. Experts in this new discipline
of quantum technologies are applying their discoveries in computing,
communications and sensing. The Centre was established in December 2007
with support from Singapore’s National Research Foundation and Ministry
of Education. CQT is hosted by the National University of Singapore and
also has staff at Nanyang Technological University. Learn more at www.quantumlah.org.
Contacts
SpeQtral
Mr. Chune Yang Lum
[email protected]
@SpeQtral_Space
Space
Capital
Chad Anderson
[email protected]
@SpaceAngels
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Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
[email protected]
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