Tech Company Financing Transactions
QLM Technology Funding Round
On 8/4/2022, QLM Technology landed $14.5 million in Series A funding from Schlumberger, Development Bank of Wales and Enterprise 100.
Transaction Overview
Company Name
Announced On
8/4/2022
Transaction Type
Venture Equity
Amount
$14,490,000
Round
Series A
Investors
Proceeds Purpose
QLM solution is well-suited for use in tracking and reducing methane emissions in other applications such as in biogas production, at landfills, at wastewater treatment plants, and in coal mines.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
Quest House Saint Mellons Business Park
Saint Mellons, Wales, CF3 0EY
UK
Saint Mellons, Wales, CF3 0EY
UK
Phone
Undisclosed
Website
Email Address
Overview
QLM Technology started as an idea in the head of our Chief Technical Officer, Xiao Ai, as he carried out postgraduate research into single photon Lidar gas detection at the University of Bristol. Aware of the ever-growing need to comprehensively understand the extent of emissions of methane and other key greenhouse gases, he realised that his research, in which a Lidar beam simultaneously probed both the shape and the concentration of plumes of methane, could help enable organisations worldwide to achieve Net Zero through mitigation of greenhouse gas emissions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Murray Reed
Chief Technical Officer
Xiao Ai
VP - Engineering
Alex Dunning
VP - Manufacturing
Mark Walker
VP - R & D
Andrew Weld
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