# QLM Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qlm-technology

- Industry: Environmental Services
- Headquarters: Newport, UK
- Website: www.qlmtec.com
- Total disclosed funding: $19M
- Latest round: Series A (Aug 3, 2022)
- Investors on record: 8

## About

Based in Newport, UK, and founded in 2017, QLM Technology Ltd. is a gas sensing in the oil and gas industry that provides a roadmap to the commercial readiness of the revolutionary quantum gas camera. The company was founded by CTO Mr. Xiao Ai. In April 2021, QLM Technology Ltd. raised GBP 3.1 million in Seed funding from Green Angel Syndicate, Enterprise100 syndicate, Newable Venture Fund, Development Bank of Wales, Bristol Private Equity Club, Britbots Seed Fund, and ChampionX.

QLM Technology Ltd. Tuneable Diode Lidar (TDLidar) gas detection and imaging systems based on infrared single-photon detection to meet the needs of natural gas producers, distributors, and service providers for fast, accurate, and low-cost gas leak identification.

QLM Technology Ltd. plans to expand its technical and commercial capability, secure industrial validation of the unique quantum TDLidar technique, and provide a roadmap to commercial readiness of the revolutionary quantum gas camera.

## Funding rounds

- Series A, Aug 3, 2022, $14M — Schlumberger Common Investment Fund, Development Bank of Wales, 1001 Enterprises Inc, Newable, Green Angel Syndicate, Quantum Exponential
- Seed, Jan 22, 2021, $4.2M — Development Bank of Wales, 1001 Enterprises Inc, Britbots, Newable, Green Angel Syndicate, Bristol Private Equity Club

## Investors

- Development Bank of Wales (https://capitalatlas.ai/funds/development-bank-of-wales) — Seed, Series A
- 1001 Enterprises Inc — Seed, Series A
- Britbots (https://capitalatlas.ai/funds/britbots) — Seed
- Newable (https://capitalatlas.ai/funds/newable) — Seed, Series A
- Green Angel Syndicate (https://capitalatlas.ai/funds/green-angel-syndicate) — Seed, Series A
- Bristol Private Equity Club (https://capitalatlas.ai/funds/bristol-private-equity-club) — Seed
- Schlumberger Common Investment Fund — Series A
- Quantum Exponential (https://capitalatlas.ai/funds/quantum-exponential) — Series A