# Aquark Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aquark-technologies

- Industry: Aerospace
- Headquarters: Romsey, UK
- Website: www.aquarktechnologies.com/
- Total disclosed funding: $6.7M
- Latest round: Seed (Oct 3, 2024)
- Investors on record: 4

## About

Aquark Technologies, based in the UK, specializes in advanced quantum device development and commercialization, focusing on quantum sensing, computing, and communications.Aquark Technologies is engaged in the development of quantum technologies, headquartered in Romsey, UK. Founded by Alexander Jantzen and Andrei Dragomir, the company has secured GBP 5.000 mn in total funding through a SEED round led by NATO Innovation Fund, with participation from other investors. The latest deal was completed on 2024-10-03, marking their first recorded funding activity. The CEO of Aquark is Andrei Dragomir.Aquark Technologies specializes in the development and commercialization of advanced quantum devices, primarily focusing on quantum sensing, quantum computing, and quantum communications. The company's flagship product, AQlock, represents the UK's first commercially available cold atom clock, designed to provide high precision in timekeeping essential for various applications, including navigation and telecommunications. Aquark's solutions incorporate their innovative Supermolasses cooling platform, which allows for the miniaturization of quantum hardware, making it more portable and robust for use in diverse environments. Their technology is tailored for a wide range of end-users, including researchers and institutions in both military and civilian sectors, with applications extending to critical infrastructure supported by NATO. Geographically, Aquark's products are marketed to clients across Europe and the Americas, addressing a global demand for accessible quantum technology.Aquark Technologies generates revenue through a combination of direct sales and partnerships with research institutions and military organizations. The transactions typically involve the sale of their cold atom clock and portable cold matter platforms, which are tailored to meet specific client needs. Aquark engages in B2B transactions, providing their products directly to universities, research labs, and governmental agencies that require advanced quantum sensing capabilities. Pricing structures for their offerings reflect the specialized nature of the technology, aligned with the significant R&D investment and operational requirements, ensuring clients gain access to their advanced solutions. Through strategic collaborations and a focus on quality, Aquark effectively monetizes its technology while contributing to advancements in quantum research and applications.Aquark Technologies plans to utilize the recent GBP 4.21 million funding raised in October 2024 to scale its business and enhance the availability of its innovative quantum sensing technology. Upcoming new products include additional quantum devices designed for various applications, with specific release dates to be announced as development progresses. The company aims to expand its market reach into more regions, specifically targeting growth in North America and Asia by 2025, thereby addressing an increasing global demand for quantum technology.

## Funding rounds

- Seed, Oct 3, 2024, $6.7M — MBDA, Future Planet Capital, NATO Innovation Fund, Export and Investment Fund of Denmark

## Investors

- MBDA — Seed
- Future Planet Capital (https://capitalatlas.ai/funds/future-planet-capital) — Seed
- NATO Innovation Fund (https://capitalatlas.ai/funds/nato-innovation-fund) — Seed
- Export and Investment Fund of Denmark (https://capitalatlas.ai/funds/export-and-investment-fund-of-denmark) — Seed