KWAN-TEK raises 1.2 m€ to accelerate the launch of its KWANTEACH product and develop future solutions
KWAN-TEK, a high-tech company specializing in quantum sensors, has just completed a 1.2 M€ fund raising from its historical investors Breizh Rebond and S.F.L.D., the iXCore Group, Défense Angels and Bretagne Sud Angels, and private investors in Brittany, with a view to accelerating its development.
This fund-raising follows on from the company’s acquisition, in October 2023, by Breizh Rebond (a fund created in 2021 to support businesses in Brittany) and S.F.L.D. (Société Financière Lorient Développement). For Remi Geiger, founder and CEO of KWAN-TEK: “After these first ten months, we can only be delighted with the work we’ve accomplished together, in line with our ambitions: commercial development, technological refocusing on metrology, structuring the organization and optimizing management… This new round of funding is promising for the future, as it goes far beyond a capital contribution. Indeed, this new round brings together strategic investors with a view to sustainably supporting KWAN-TEK’s development.”
The aim of this fund-raising is to accelerate the marketing of “KWANTEACH®” and to strengthen the development of non-destructive testing solutions.
MARKETING “KWANTEACH®”
For the past year, KWAN-TEK has been marketing its “KWANTEACH®” experimental platform for teaching quantum physics and engineering to university and engineering students, designed to meet the worldwide need for training in quantum technologies. After rapid success with French universities and engineering schools (Université Paris-Saclay, Ecole Normale Supérieure, Sorbonne Université, ENSSAT, Université de Strasbourg, etc.), the company is now expanding into export markets in Europe, the USA and Asia…
DEVELOPMENT OF NON-DESTRUCTIVE TESTING (NDT)
This round of funding will also enable KWAN-TEK to pursue the development of its NDT solution, based on an NV diamond quantum magnetometer, designed to check the integrity of critical metal parts in highly stressed industrial equipment (for the aerospace, nuclear energy, hydrogen and oil industries, as well as defense).
KWAN-TEK’s DNA is to bring more precision and safety to critical industries through its NV diamond quantum sensor-based metrology solutions.
EXPERTISE IN THE SOVEREIGN FIELD OF QUANTUM SENSORS
Beyond these solutions, KWAN-TEK is establishing itself as a key player in the growing quantum sensor sector, thanks to the expertise of its team in targeting the most suitable use cases for a specific sensor technology. In a sector considered strategic for European sovereignty, KWAN-TEK intends to leverage its R&D and industrialization expertise to establish itself as the benchmark company structuring the quantum sensor sector.
To underpin its ambitions, the company benefits from strong institutional support, in particular from BPI France and the Secrétariat Général pour l’Investissement as part of France 2030. In particular, the company has been awarded a 1.9 m€ national i-Démo program to develop its instrumentation and non-destructive testing solutions.
KWAN-TEK has thus secured over 3 M€ in various forms to support its development.