Crown Princess Victoria's Fund

FLAIM Systems Completes AU$6.7 Million Series A Capital Raise to Make Firefighting Safer

Retrieved on: 
Wednesday, March 29, 2023
Deakin University, Firefighter, Climate, Atmosphere, Marketing, FLAIM, Crown Princess Victoria's Fund, Fire, Carbon, Cornerstone, VR, Water, Virtual reality, United States Fire Administration, Health, Environment, Safety, Injury, Aircraft, Renewable energy, Personal protective equipment, Tourism, Cryptocurrency

Today's announcement that Breakthrough Victoria will lead FLAIM Systems' Series A capital raise, investing AU$5 million into the business, underlines its commitment to making training safer for firefighters and contribute a significantly positive impact to the challenges of global warming and the environment.

Key Points: 
  • Today's announcement that Breakthrough Victoria will lead FLAIM Systems' Series A capital raise, investing AU$5 million into the business, underlines its commitment to making training safer for firefighters and contribute a significantly positive impact to the challenges of global warming and the environment.
  • Born out of Deakin University in 2019, FLAIM Systems has developed the world's first fully immersive virtual firefighting training system.
  • FLAIM Systems Chief Executive Officer, Simon Miller, said:
    "We are delighted to welcome Breakthrough Victoria as a cornerstone investor in FLAIM Systems.
  • We are also grateful for the support of our existing investors, many of whom have increased their investment in FLAIM Systems through this Series A raise.

ColdQuanta Announces $110 Million Series B to Continue Commercializing Quantum Technology Products Across the Global Ecosystem

Retrieved on: 
Tuesday, November 1, 2022
Tao, Crown Princess Victoria's Fund, Algorithm, Software, Growth, Development, CO, Science, CEO, Health, Acquisition, University of Colorado Boulder, S&T, Navigation, YouTube, Argonne National Laboratory, Research, Intelligence, Intellectual property, Materials International Space Station Experiment, Ecosystem, Swinburne University of Technology, Central Intelligence Agency, Defence Intelligence Agency (India), AQT, Boston, University, Physics, CIA, Cooley LLP, Radio, Mechanics, JILA, Multimedia, Pedigree, International Space Station, NASA, LP, LLP, Boston Consulting Group, Augustus A. Bird, David Hilbert, Microscope, Technology, Nature

BOULDER, Colo., Nov. 1, 2022 /PRNewswire/ -- ColdQuanta, the global quantum ecosystem leader, today announced a $110 million Series B round of funding to continue commercializing the company's product portfolio, including quantum computing, quantum algorithms and applications, atomic clocks, sensors, and components.

Key Points: 
  • Breakthrough Victoria has participated in this round to help establish an Asia-Pacific quantum computing and technology facility at Swinburne University of Technology headquarters, known as the ColdQuanta Swinburne Quantum Technology Centre.
  • "The quantum ecosystem is experiencing a global wave of innovation, having our market leadership recognized by investors around the world validates our unique approach," said ColdQuanta CEO Scott Faris.
  • "Customers are already adopting ColdQuanta for quantum RF sensors, quantum atomic clocks, and quantum software.
  • ColdQuanta also offers components for quantum systems and applications, and quantum research and security solutions including high-precision clocks, navigation, radio frequency receivers, and quantum networking and communications, which are deployed throughout the quantum ecosystem today.