QuadSAT has closed a seed round of funding worth £700,000.
Led by Vaekstfonden, the Danish Growth Fund, with help from Seraphim Capital and existing investors, the funding will enable the drone-enabled antenna testing company to take its UAV platform to the satellite communications industry.
QuadSAT’s platform uses drone technology to test and calibrate satellite and VSAT antennas autonomously, mimicking an orbiting satellite that can simulate a ship or aircraft’s motion.
Initially focusing on maritime and aeronautical applications, QuadSAT’s method enables highly accurate testing while drastically reducing downtime.
Having started as a University project, QuadSAT is a startup company and is based at Odense Robotics Start Up Hub, a Danish accelerator programme for robotics and drone startups.
The firm has also recently opened an office in Harwell in the UK.
Joakim Espeland, CEO at QuadSAT, commented on the investment, he said: “Our technology alleviates a massive pain point for our customers and will ensure high quality communications with minimum interference at a competitive price.”
He added: “We’re thrilled to be backed by our investors, including the team at Seraphim, which brings with it a great deal of sector-expertise as the world’s leading space-tech focused venture capital fund.”