SpeQtral is a Singapore based startup developing commercial space-based QKD founded on technology developed at the Centre for Quantum Technologies (CQT) at the National University of Singapore. Among other projects they have a collaboration with Toshiba to power quantum-secure communication solutions in Southeast Asia. They have just announced they have closed an $8.3 million USD funding round led by Xora Innovation with additional participation from TIS Ventures.  The funds will be used to expand SpeQtral’s regional and international presence, establish strategic business partnerships, hire top talent, support the commercial rollout of terrestrial systems, and further develop its satellite-based systems. For more about this announcement you can view a news release they have posted on their web site.

December 1, 2021