In Business Madison: Dirac Labs raises $1.8 million to build quantum universal positioning system
A Madison company that has developed quantum sensors for navigating underwater, underground and in other environments where global positioning systems are unreliable, has raised $1.8 million in pre-seed funding to prototype its sensors and conduct trials to refine its technology.
Dirac Labs, a quantum-enabled navigation company spun out of the University of Wisconsin-Madison, raised funds from the National Oceanic and Atmospheric Administration, gener8tor, the Wisconsin Entrepreneurship Hub and TitletownTech, a venture capital firm formed from a collaboration with Microsoft and the Green Bay Packers.
Since GPS does not work underwater or underground, for instance, it is of limited utility for certain defense missions, autonomous vehicles and other applications.
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