Blackbird Ventures has led a $10 million pre-Series A funding round in Nomad Atomics, a startup developing quantum sensors aimed at enhancing safety in underground mining.
Target Information
Nomad Atomics, founded by a trio of physicists from the Australian National University, has developed cutting-edge sensor technology aimed at revolutionizing underground mining safety. Recently, the company raised $10 million in a pre-Series A funding round after previously securing A$2 million in seed funding in 2020, which enabled them to build a working quantum sensor, establish a customer base, and identify transformative applications.
Their flagship product—a quantum sensor that utilizes super-cold atoms to measure gravity—promises enhanced sensitivity and accuracy compared to conventional sensors. Despite fierce competition in the quantum sensing domain, Nomad Atomics distinguishes itself with a compact design, making its sensors commercially viable.
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Industry Overview in Australia
Australia's mining sector plays a crucial role in its economy, contributing significantly to job creation and exports. The country is rich in natural resources and is a leading global supplier of critical
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Blackbird
invested in
Nomad Atomics
in 2023
in a Pre-Seed Stage deal
Disclosed details
Transaction Size: $10M