Portfolio
2
companies
EdgeQ
EdgeQ builds a compact 5G and artificial intelligence base station on a chip for wireless infrastructure.
Skyports
Skyports develops vertiport infrastructure and operates commercial electric drone services.
Soo Soon Teong
VP & Head of Unmanned Air Systems
The financing round was backed by institutional and strategic investors including Phaistos Investment Fund and Strategic Development Fund.
"It is really exciting to see a rich mix of institutional and strategic investors validate the mission and spirit of EdgeQ. We are here to empower and enable new players, new participants, and new providers of 5G connectivity and internet access in simplistic, affordable terms,"
The final close of the Series B round brings total funding to $26.1m with backing from ST Engineering Ventures.
"The Asian market is a critical area of growth for AAM, and one we are committed to cultivating. Investment from Kanematsu Corporation, and now ST Engineering, demonstrates that our confidence in and focus on this market is well-founded and supported by industry leaders from across the region. ST Engineering has been a strong partner of ours for some time now and we are honoured to develop that relationship further with the company joining Skyports as an investor. We look forward to bringing our expertise together to expand our capabilities."
