QLM Technology Raises £12M in Series A Funding
Summary
Led by Murray Reed, Chief Executive officer, QLM has developed a new type of LiDAR camera based on quantum technology that can see and accurately quantify greenhouse gas emissions. A related version of the product enables remote quantification of flare efficiency. QLM’s LiDAR technology is inherently scalable to low cost at high volume, enabling wide deployment. Through the strategic collaboration, QLM’s technology will be part of the new Schlumberger End-to-end Emissions Solutions (SEES) business offering for the oil and gas industry. Beyond emissions monitoring for the oil and gas market, the QLM solution is well-suited for use in tracking and reducing methane emissions in other applications such as in biogas production, at landfills, at wastewater treatment plants, and in coal mines.
Funding
Review available funding amount, funding date, investors, and linked company information related to QLM Technology Raises £12M in Series A Funding in the interactive ISVWorld profile.