![\"Quantum](\"https:\/\/cdn.satnow.com\/news\/Quantum_C_638072916956295159.jpg\")
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Quantum Space announced that it has received a $15 million investment from Prime Movers Lab, a U.S.-based venture capital firm. The investment enables Quantum to begin the expansion of QuantumNet, a cornerstone project aimed to provide data products and digital services for customers from cislunar space. Quantum plans to close the Series A round of funding by the end of 2022. <\/p>\n
QuantumNet will consist of a fleet of space vehicles known as \u201cScouts\u201d positioned in cislunar space, the area around the Earth extending out to just beyond the Moon’s orbit. Each Scout will deliver multiple services including space domain awareness; space weather forecasting; positioning, navigation, and timing; communications; and significant onboard compute capabilities for artificial intelligence and machine learning (AI\/ML). By 2032, more than 40 Scout vehicles will make up points, or \u201cnodes,\u201d at strategic locations within cislunar space to create QuantumNet. <\/p>\n
The $15 million investment allows Quantum to move forward with plans to launch the QS-1 mission in October 2024, which will launch the first Scout into cislunar space. Following that mission, the company will launch Scouts regularly to build out QuantumNet. <\/p>\n
Additionally, Quantum will use the capital to initiate the development of additional Scout spacecraft at significant cost savings once the QS-1 design is complete. Other uses for the funding from Prime Movers Labs include developing Quantum\u2019s new state-of-the-art Integration & Test facilities and Mission Operations Center, as well as advancing the company\u2019s data platform and software for customers.<\/p>\n
\u201cQuantum Space\u2019s incredible mission is to enable the space superhighway through the development, deployment, and operations of critical infrastructure beginning in cislunar space,\u201d said Kam Ghaffarian, Quantum Space co-founder and executive chairman. \u201cWe are excited to have Prime Movers join us as we advance humanity\u2019s journey to the stars. This will lay the groundwork to expand human presence into the solar system and beyond.\u201d <\/p>\n
\u201cKam is a visionary entrepreneur who we\u2019ve wanted to partner with again since investing in some of his previous endeavors,\u201d said Prime Movers Lab Partner Anton Brevde. \u201cToday\u2019s space industry is dominated by services for Earth and the satellites that closely orbit it. However, this is starting to change as humanity expands its activities to the Moon and beyond. We believe Quantum Space will play a critical role in establishing the infrastructure to support humankind\u2019s expansion beyond Earth.\u201d<\/p>\n
\u201cThis investment by Prime Movers Lab allows us to take QuantumNet from a concept to reality and solidify our future position as a leading provider of space-based infrastructure, data, and services,\u201d said Steve Jurczyk, president, and CEO, of Quantum Space. \u201cOnce completely built out over the next decade, QuantumNet is destined to transform the way spacecraft travel between the Earth and the Moon.\u201d<\/p>\n
Quantum will soon announce additional mission partners, including launch services and commercial ground station providers for the company\u2019s first mission to cislunar space in October 2024.<\/p>\n
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Quantum Space announced that it has received a $15 million investment from Prime Movers Lab, a U.S.-based venture capital firm. The investment enables Quantum to begin the expansion of QuantumNet, a cornerstone project aimed to provide data products and digital services for customers from cislunar space. Quantum plans to close the Series A round of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[26,25],"class_list":["post-8972","post","type-post","status-publish","format-standard","hentry","category-news","tag-ground","tag-launch"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/8972"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=8972"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/8972\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=8972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=8972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=8972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}