The Largest Drone Tech Funding in Denmark of €2 million – Drones Information
Odense, DenmarkSeptember 10, 2020: QuadSAT, a Danish company revolutionizing satellite antenna testing and measurement, announced today that it has completed a Pre-Series A investment of EUR 2 million, the largest risky investment in a Danish drone -Technology company in history. The round was chaired by Seraphim Capital, the world’s first venture fund for SpaceTech, Vaekstfonden, the Danish government’s investment fund, and Angel Investor, Helge Munk.
The use of space is the key to solving major challenges in the world – from ensuring global connectivity to providing data to solve environmental problems. With a multitude of sectors facing towards space, the number of satellites in orbit will increase significantly over the next few years.
With the amount of communication satellites in use today, radio frequency interference is increasing year by year. If this is not handled properly, the accelerated growth of the satcom industry will drown out RF interference, reducing bandwidth, and causing breakouts. Poorly functioning and inaccurate floor antennas are the main source of RF interference. Access to tests is essential for research and development of antennas and for authorization to launch new antennas.
In order for the antenna ground segment to keep pace with the rapid evolution of satellites in orbit, there is a great need for an inexpensive, flexible, and efficient test solution. QuadSAT revolutionizes antenna testing by combining the latest drone and RF technology with specially developed software that makes automated antenna tests and measurements available anytime, anywhere.
Andrian Buchi, CTO and co-founder, says: “We are seeing great interest in our technology, not only for antenna measurements, but also for other test solutions specifically aimed at higher frequencies and the future mass deployment of mega-constellations. This investment allows us to develop the product line to meet the needs of the industry and to build a strong team capable of handling future challenges. “Joakim Espeland, CEO and Co-Founder, added,” Our solution is the only one that offers the scalability of tests and measurements necessary for a robust Satcom infrastructure to minimize challenges such as dropped calls and internet buffering. “
To ensure the best possible match between the QuadSAT solution and industry requirements, the team works closely with SOMAP, a consortium of the world’s largest satellite operators. In addition, QuadSAT recently signed contracts with the European Space Agency (ESA) program to support the development of advanced Satcom products and services.
The investment round follows an initial round in early 2019. This investment in Pre-Series A is a catalyst to capitalize on the potential of QuadSAT’s unique position as the only company able to offer large-scale mobile testing. This will speed up product testing and allow QuadSAT to sell its current product, which is currently offered as a service, as a third-party product. This will also allow QuadSAT to expand its research and development activities in the UK.
QuadSAT plans to start a Series A round within a year to further expand the antenna testing revolution in the SATCOM industry.
Founded in March 2017, QuadSAT’s mobile antenna test system provides users with affordable, accessible, and accurate antenna tests and calibrations. The system uses a bespoke RF payload, drone technology, and mathematical algorithms to effectively simulate satellites and perform critical antenna performance tests. The QuadSAT system was developed to meet industry-wide standards.