3 years ago

QLM Technology Secures £12M Series A Funding Led by Schlumberger for Quantum LiDAR Gas Imaging

  • QLM Technology, a UK-based photonics technology company, has raised £12 million in Series A funding led by Schlumberger, with participation from existing investors Green Angel Syndicate, Enterprise100 Syndicate, Development Bank of Wales, Newable Ventures, and several private investors, as well as new investor Quantum Exponential

  • QLM has developed a new type of LiDAR camera based on quantum technology that can see and accurately quantify greenhouse gas emissions

  • The technology will be part of the new Schlumberger End-to-end Emissions Solutions (SEES) business offering for the oil and gas industry

  • QLM's solution is also 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

  • The company has headquarters in Cardiff and operations in Bristol and San Francisco.

      • ProblemEnergy

      "Monitor, detect and accurately locate and quantify Greenhouse Gas (GHG) emission sources, and enable remote quantification of flare efficiency"

      Solution

      "QLM has developed a new type of LiDAR camera based on quantum technology that can accurately see and quantify greenhouse gas emissions, enabling customers to monitor and repair emissions sources rapidly"

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