Danish drone-based testing company, QuadSAT, has secured an additional €9 million in funding led by Cambridge-based venture capital firm, IQ Capital. The new funding will be used to expand the company’s operations and scale up its product range. QuadSAT aims to bring its technology to more customers in the satellite industry to ensure better performance of satellite networks. The new investment was due to an increase in commercial demand from major satellite operators, antenna manufacturers, and service companies in the industry. The company’s drone-based system is partially funded by the ESA ARTES Core Competitiveness program and is being used by LEO satellite operator OneWeb among its customers. QuadSAT’s technology is already making an impact with leading players in the satellite communications industry, and its expansion is expected to meet the growing demand for efficient RF connectivity and spectrum utilization.
QuadSAT Secures €9 Million Funding to Expand Range of Antenna-Testing Drones
Danish drone-based testing company QuadSAT has raised an additional €9 million of funding to expand its operations and scale up its product range. The funding round was led by IQ Capital, a Cambridge-based venture capital firm, with participation from Seraphim Space, the Danish state Vækstfonden, and angel investors Torben Frigaard Rasmussen and Helge Munk.
The Growing Satcoms Industry
According to Daniel Carew, Investment Principal from IQ Capital, the satellite communications industry is growing rapidly, and almost everything will be connected via satellite in the near future. With this growth comes an urgent need to ensure efficient RF connectivity and spectrum utilization, and QuadSAT’s technology is already making an impact with leading players in the industry.
OneWeb, a low Earth orbit (LEO) satellite operator, is among QuadSAT’s customers.
The Latest Investment
The latest investment in QuadSAT is a result of a significant increase in commercial demand from major satellite operators, antenna manufacturers, and service companies in the satellite industry. With the new funding, QuadSAT aims to expand its global reach, scale up its operations, and bring its technology to more customers in the market.
Quadsat’s Drone-Based System
QuadSAT’s drone-based system consists of drones integrated with a custom RF payload, automation, and measurement software. The system is being partially funded by the European Space Agency’s (ESA) ARTES Core Competitiveness program.
CEO of QuadSAT’s Statement
According to Joakim Espeland, CEO of QuadSAT, the new funding is a significant milestone for the company, and it will help QuadSAT provide its customers with unparalleled testing capabilities to optimize the use of global radio spectrum. This will ultimately ensure better performance of satellite networks.
Commercialisation
QuadSAT’s drone-based antenna and radio frequency test and measurement system was previously available only as a managed service delivered by QuadSAT engineers. However, in November last year, the company announced that the system could also be acquired for third-party testing needs.
The new funding will allow QuadSAT to commercialize its technology, expand its product range, and optimize the use of global radio spectrum by providing its customers with unparalleled testing capabilities.
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