Quantum enters Europe's defence tech boom

Quantum enters Europe's defence tech boom

Defence tech and dual-use products, which used to be a de-facto taboo for most VCs in Europe, have seen a significant uptick in funding over the past few years. The reasons for this shift are obvious if you skim through today’s media headlines: with Russia’s continuing invasion of Ukraine and the prospect of a full-scale ground war in the Middle East, supporting domestic defence capabilities has never been more important.

In fact, a report?released yesterday by Dealroom ?forecasts the funding of European defence tech startups to reach $1bn this year — a fivefold increase compared to 2018.

One interesting part of the defence tech industry is quantum, which has seen attention from the likes of NATO growing over the past couple of years. One example is Ephos, a quantum photonic chips manufacturer, which was backed by NATO’s DIANA programme last year and just announced a fresh $8.5mn capital injection .

Another example is Aquark Technologies, a Southampton-based startup that just raised €5mn from the NATO Innovation Fund (NIF). The deal marks NIF’s first foray into the quantum ecosystem — but definitely not the last.

Aquark is currently working in the field of quantum sensing, which can be applied to quantum navigation. Very simply speaking, the tech could allow for prolonged dead-reckoning, meaning navigating without validating your position externally (through GPS, for instance). This, in turn, could prove to be a great way to fight GPS spoofing and loss of signal, as all measurements are performed on the spot.

Check out the story by Linnea Ahlgren for more (nerdy) details on Aquark’s product.??

?? NATO’s first quantum tech investment goes to Southampton startup

Andrii Degeler Head of Media, TNW


What else we’re writing about

??? In this week's podcast , Linnea and Andrii talk about energy use in data centres, the state of Northvolt, submarine comms, and more. You'll also hear an interview with the CEO of Wsense about creating underwater Wi-Fi to preserve cultural heritage.?

?? PitchBook report names London, Paris, Amsterdam, and Berlin the leading VC ecosystems in Europe , but the region is still lagging behind the US and Asia.

?? UK startup Vicebio raises $100M for next-gen vaccines for respiratory viruses .?

?? ‘World’s first’ fully autonomous underwater robot is piloted by AI at an offshore wind farm in Scotland.

?? London-based Convergence has raised $12mn in pre-seed? funding for personal AI agents with long-term memory .


Sponsored by TNW Conference

TNW Conference is back in business!

Let’s be honest: September feels like the real new year. Summer is over and you’re full-on thinking about your 2025 goals and budgets. Prepare your business for success at TNW Conference [June 19-20] and save big ahead of next year with our 2-for-1 ‘Back to Business’ ticket sale.

Click here to grab this deal today .

要查看或添加评论,请登录

TNW的更多文章

社区洞察

其他会员也浏览了