A spinout from Sheffield University has secured a 7-figure seed investment as it seeks to use quantum technology to revolutionise trust in global telecommunications and computing.
Aegiq has received the backing from an investor syndicate led by High-Tech Gründerfonds, to help it develop a range of new Research and Development applications in quantum science.
This will be developed into a new generation of networking, with quantum security, including quantum key distribution, as well as large-scale quantum computing applications.
This latest investment brings its total funding to more than £3.5m.
Founded by CEO Dr Max Sich, CTO Dr. Scott Dufferwiel, and CFO Andrii Iamshanov, Aegiq has recently won the Institute of Physics Business Start-Up Award for the development of its breakthrough quantum photonics platform.
“Building reliable and scalable networking for the quantum era is the linchpin that is needed to truly bring to life the impact of quantum technologies, including quantum computing and also sensing,” explained Dr Max Sich.
“At Aegiq we are developing just this, and we are delighted to have High-Tech Gründerfonds and the syndicate support our vision. Our patented single-photon technology and novel integrated optics approach will allow us to offer next-generation quantum communications, unlocking new opportunities for our customers.”
