Delft-based Qualinx raises $10.2M in a series money for an extended round. In addition to an Innovation Credit loan from the Netherlands Enterprise Agency, RVO, the investment comes from FORWARD.one, InnovationQuarter Capital, and Waterman Ventures, which are also current investors.
The second-generation GNSS IoT radio system-on-chip (SoC) development will be finished, says to the Dutch firm, and mass manufacturing will start in 2024.
Tom Trill, CEO at Qualinx said, “This next step in our Series A financing round shows the confidence of our existing investors in DRF technology and our successful application for RVOs Innovation Credit facility reaffirms that our technology and market strategy are on track,”.
As a branch of Delft University of Technology, Massoud Tohidian, Iman Madadi, and Amir Reza Ahmadi Mehr formed Qualinx.
In comparison to previous solutions, the company created and tested a novel radio chip with a 10 times lower power consumption, a smaller chip size, and lower cost that can receive geo-positioning data from GNSS.