Oxford Innovation Finance backed the spatial intelligence platform to support international expansion and product development.
"This investment allows us to accelerate growth, expand internationally and deepen integrations with the systems our customers already use. We’re unlocking a new layer of insight for physical spaces, turning data into decisions that drive revenue and improve experiences."
The round was led by Santander Alternative Investments to support the commercial rollout of the company optical ground station.
"It is an exciting moment for Archangel Lightworks to be able to announce this successful round of capital as the demand for space-based information and connectivity continues to grow exponentially. The Archangel Lightworks team has done incredible work designing, building, and deploying our laser communications systems, and now is the time for us to accelerate with our partners, new and old, to meet the needs that we are hearing from our customers across markets."
The pre_seed round was led by 55 North to support platform expansion and upcoming pharmaceutical pilots.
"Early on in our research, we started looking at ways to get the most out of the quantum devices we had access to. That’s where some of these ideas started to form, which have eventually become what we’re now calling quantum compression,"