Qualinx, a Delft, The Netherlands-based company providing ultra-low power tracking and connectivity solutions, raised €8M in Series A funding.
The round was led by FORWARD.one, InnovationQuarter Capital and Waterman Venture.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Founded by former scientists of Delft University of Technology, Massoud Tohidian (CTO), Iman Madadi (CIO) and Amir Reza Ahmadi Mehr (SVP Engineering), and led by Tom Trill (CEO), Qualinx is a semiconductor company developing solutions to solve the high power consumption problem in radio chip technology, including GNSS and IoT sensors. Supported by earlier investments from Delft Enterprises, the company developed and tested a new radio chip that can receive geo-positioning information from Global Navigation Satellite Systems (GNSS) with lower power consumption, small chip size and at reduced costs compared to existing solutions. The chip is able to detect signals from all major satellite systems including GPS, to accurately determine location and time.
The technology is not limited to GNSS but can be implemented to create any radio. For example, their second-generation product, the QLX400, will combine GNSS with an Internet-of-Things (IoT) radio on a single chip, to track and communicate a location while barely consuming any power.
FinSMEs
21/02/2023