A $12.7 million Pre-Series A round has been raised by Singapore-based deep tech startup Atomionics to quickly scale its quantum gravimetry sensors for mineral discovery.
According to a statement released by the company on Tuesday, Paspalis led the Pre-Series A round, which also included BHP Ventures, In-Q-Tel, Wavemaker, VU Venture Partners, SG Growth Capital, Alex Turnbull, and others. These investors will contribute a wide range of strategic expertise to Atomionics’ international expansion initiatives.
With Paspalis’ strategic support, Atomionics will establish an office and develop capabilities throughout Australia as it expands nationally.
Paspalis, which has a great deal of potential to meet humanity’s vital mineral needs but is still largely unexplored, is already seeing early deployments and test-bedding opportunities in the Northern Territory.
Fast, high-resolution mapping of these vast landscapes is made possible by Gravio’s deployment, which establishes the Northern Territory as a key hub for expanding the technology throughout the Australian market.
Atomionics will also open a US office in North America to broaden its capabilities, with an emphasis on resource exploration and possible dual-use applications for the defense and commercial sectors.
Atomionics will advance government and commercial partnerships by investigating opportunities in strategic resource applications and national security with the support of investors such as In-Q-Tel.
Atomionics is accelerating the next generation of resource exploration and expanding globally with this most recent funding round.
“We’re taking a critical step towards scaling quantum-driven exploration at a country level,
“The strategic capital from investors with an interest in both Australia and North America gives us a way to accelerate the deployment of our quantum gravity sensors,” said Sahil Tapiawala, Chief Executive Officer and Co-Founder of Atomionics.
“We will further use this capital to use quantum sensors to help find copper, lithium and other critical minerals, providing the mining and energy industries with an unprecedented ability to locate and assess resources sustainably,
“High-quality data is the foundation for artificial intelligence (AI)-powered decision-making, and our sensors have the potential to acquire the most detailed gravity datasets ever collected,” he added.
A deeptech startup with a focus on quantum sensing technologies is called Atomionics.
Without ever entering the earth or releasing any electromagnetic radiation, the company’s Gravio device, which is about the size of a portable, basketball-sized sensor, functions as a “virtual X-ray” for the planet to detect potential subterranean objects.
