Assistant Prof. Kadir Durak’s QUBITRIUM Secures 1.5 Million Euro Seed Funding from ACT Venture Partners

QUBITRIUM, a pioneering startup in the field of advanced quantum technologies founded and led by Assistant Prof. Kadir Durak of the Electrical and Electronics Engineering Program at Özyeğin University, has secured 1.5 million Euros in seed investment from the Netherlands-based venture capital firm ACT Venture Partners. Founded with the support of the Fit Startup Factory, Türkiye’s first university-based accelerator program launched at Özyeğin University in 2011, QUBITRIUM aims to develop nanosatellite-based (CubeSat) Quantum Key Distribution (QKD) systems to provide advanced solutions for secure information exchange and to make a global impact in the field of secure communications. With this round of funding from ACT Venture Partners, QUBITRIUM aims to accelerate its pace of innovation to launch a 2U satellite with a QKD payload.

For more information, please visit www.qubitrium.tech or contact info@qubitrium.tech