- A quantum photonics spin-out from the College of Sheffield lands seven-figure funding from a syndicate, led by means of Top-Tech Gründerfonds, to expand next-generation networking with quantum safety
- The funding comes together with investment from Innovate UK and brings Aegiq’s overall investment to over £3.5m
Sheffield, UK; twentieth January 2022: Aegiq has nowadays introduced that it secured seed funding from an investor syndicate led by means of Top-Tech Gründerfonds, with participation of Deepbridge Capital and industry angel traders. In combination, with present investment from Innovate UK, the seed funding brings Aegiq’s overall to be had investment to over £3.5m ($4.8m). Having finished the primary last Aegiq is thinking about finances to enroll in the second one last.
Aegiq is a spin-out of the College of Sheffield, based by means of a workforce consisting of CEO Dr. Max Sich, CTO Dr. Scott Dufferwiel, and CFO Andrii Iamshanov. It had lately gained the distinguished Institute of Physics Industry Get started-Up Award for the improvement of its leap forward quantum photonics platform the usage of proprietary deterministic single-photon assets.
Aegiq’s platform era permits a variety of recent R&D packages in quantum science, sensing, imaging and others, and is able to provider this marketplace. The era will probably be additionally evolved into a brand new technology of networking with quantum safety, together with quantum key distribution (QKD), in addition to large-scale quantum computing packages.
Aegiq has been awarded investment for a number of tasks supported by means of Quantum Applied sciences Problem at Innovate UK (a part of UK Analysis & Innovation), with overall price of the funded consortia exceeding £20m. The investment contains QT Collect – Built-in Quantum Era Programme, and Innovate UK’s multi-million grant to expand protected quantum communications for fibre-optic and satellite tv for pc based totally packages.
Dr. Max Sich, CEO of Aegiq, commented: “Development dependable and scalable networking for the quantum technology is the linchpin this is had to in point of fact deliver to existence the have an effect on of quantum applied sciences, together with quantum computing and in addition sensing. At Aegiq we’re growing simply this, and we’re extremely joyful to have Top-Tech Gründerfonds and the syndicate beef up our imaginative and prescient. Our patented single-photon era and novel built-in optics way will permit us to supply next-generation quantum communications, unlocking new alternatives for our shoppers. The funding led by means of Top-Tech Gründerfonds, along the opposite grants we’ve secured, will beef up our R&D and proceed to lift our providing.”
“The one photon supply evolved by means of Aegiq represents a platform era with extraordinary specs that allows quite a lot of packages. As a photonics man, I’m greater than delighted to speculate right here and beef up the extremely professional workforce on their adventure,” commented Dr. Gernot Berger, Funding supervisor at Top-Tech Gründerfonds.
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About Aegiq
Aegiq (/ˈiːdʒɪk/, ee-jik) is the usage of its pioneering single-photon and built-in quantum optics platform to construct a brand new technology of networking and computing with quantum era. This contains addressing the call for for next-gen fibre and satellite tv for pc quantum communications, in addition to riding additional analysis and building in quantum computing and quantum optics the usage of its complex era.
About Top-Tech Gründerfonds
Top-Tech Gründerfonds (HTGF) is a seed investor that price range high-potential, tech-driven start-ups. With round EUR 900 million in overall funding quantity throughout 3 finances and a global community of companions, HTGF has already helped forge greater than 650 start-ups since 2005. Pushed by means of their experience, entrepreneurial spirit and keenness, its workforce of skilled funding managers and startup mavens assist information the improvement of younger firms. HTGF’s focal point is on high-tech start-ups within the fields of virtual tech, business era, existence sciences, chemistry and comparable industry spaces. To this point, exterior traders have injected greater than EUR 3.5 billion into the HTGF portfolio by way of greater than 1,800 follow-on financing rounds. HTGF has additionally effectively offered pursuits in additional than 150 firms.
Fund Buyers within the public-private partnership come with the Federal Ministry of Economics and Power, KfW Capital, the Fraunhofer-Gesellschaft and 32 firms.
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