The latest funding milestone underscores its potential to revolutionise the industry and create innovative solutions for various applications as the company’s innovations gain traction in applications such as geo-positioning, asset tracking, and IoT devices.
Qualinx has achieved a milestone in its Series A financing. The company recently announced that it has secured $20 million in funding, with an additional $10.2 million complementing the $8.8 million (8 million Euros) investment disclosed earlier this year. The customer’s existing investors, including FORWARD, have provided this financial support. One, InnovationQuarter Capital, and Waterman Ventures, along with an Innovation Credit facility from the Netherlands Enterprise Agency, RVO. With this funding, the company is now well-positioned to finalise the development of its second-generation GNSS IoT radio system-on-chip (SoC) and initiate mass production in 2024.
Founded as a spin-off from Delft University of Technology, the company has garnered earlier investments from Delft Enterprises. The company has been at the forefront of developing a radio chip that offers geo-positioning capabilities via Global Navigation Satellite Systems (GNSS) with reduced power consumption, smaller chip sizes, and cost-effective solutions compared to existing alternatives. This chip can detect signals from significant satellite systems, including GPS, to provide precise location and time information.
The company’s Digital Radio Frequency (DRF) technology is a game-changer in the semiconductor industry. By transferring analog functions into the digital domain, it brings CMOS scaling benefits to radios, resulting in up to 10 times lower power consumption and more minor, cost-efficient packages compared to traditional radios. Its first-generation product, the QLX300+, is renowned as the world’s smallest and most power-efficient GNSS sensor. Their upcoming second-generation offering, the QLX400, will combine the GNSS sensor with an IoT radio on a single chip, extending the battery life of IoT devices from months to years.
The company is already witnessing strong interest from customers in geo-positioning and asset-tracking applications, and their technology holds promise for various IoT products, from security devices to fitness trackers. The potential market reach of Qualinx’s technology is immense. The company’s latest funding achievement not only signifies the company’s growth but also underscores its potential to revolutionise the semiconductor industry and create innovative solutions for a wide range of applications.
