The funding round includes backing from a Henley Business Angels member.
"We are extremely grateful for the support from Henley Business Angels at this stage of our development. The potential market for our QRNG technology could be trillions of connected devices given the need for portable, cost efficient, fast and robust hardware security that does not currently exist in the market today. This need will only become more pronounced with the emergence of 5G and further proliferation of IoT connected devices – driven by what we call the need for hardware security by default."
The major funding round was led by SoftBank, Grupo Salinas, Qualcomm Technologies, and the Government of Rwanda to accelerate deployment of the satellite constellation.
"This latest funding round, our largest to date, makes OneWeb’s service inevitable and is a vote of confidence from our core investor base in our business model and the OneWeb value proposition,"
Boeing HorizonX Ventures led the Series A round to advance space-based connectivity.
"The Series A financing builds on an exceptional year for Isotropic which saw a rapidly growing roster of strategic partners and customers who are poised to unlock the full potential of high-throughput satellites and mega-constellations across all orbits,"
The funding round was led by Cambridge Enterprise with participation from Amadeus Capital Partners, Parkwalk Advisors, IQ Capital Partners and angel investors.
"The new Paragraf facility is a significant step towards realising the potential of graphene in commercially viable, scalable electronic devices, bringing the beneficial impacts of this wonder material to the world."
