QLM Technology Ltd, a Cardiff, England, UK-based photonics expertise firm, closed a £12M Collection-A Funding spherical.
The spherical was led by Schlumberger, which additionally signed a Collaboration Settlement with the corporate, with participation from current traders Inexperienced Angel Syndicate, Enterprise100 Syndicate, Growth Financial institution of Wales, Newable Ventures, and several other non-public traders, in addition to new investor Quantum Exponential.
Led by Murray Reed, Chief Govt officer, QLM has developed a brand new sort of LiDAR digital camera based mostly on quantum expertise that may see and precisely quantify greenhouse fuel emissions. The fuel imager allows clients to watch, detect and precisely find and quantify Greenhouse Gasoline (GHG) emission sources for fast restore. A associated model of the product allows distant quantification of flare effectivity. QLM’s LiDAR expertise is inherently scalable to low value at excessive quantity, enabling huge deployment.
By the strategic collaboration, QLM’s expertise can be a part of the brand new Schlumberger Finish-to-end Emissions Options (SEES) enterprise providing for the oil and fuel trade. SEES’s methane monitoring providing relies on earlier investments in satellite-, airplane-, and drone-mounted sensors, together with extra sensors developed internally. QLM’s differentiated LiDAR expertise enhances these cellular screens by offering correct and delicate measurements the place steady monitoring is required.
Past emissions monitoring for the oil and fuel market, the QLM answer is well-suited to be used in monitoring and lowering methane emissions in different purposes similar to in biogas manufacturing, at landfills, at wastewater therapy vegetation, and in coal mines.
The corporate has headquarters in Cardiff and operations in Bristol and San Francisco.