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20 June 2023

Almi Invest invests in Adamant Quanta

Almi Invest invests 3 million SEK in Adamant Quanta. The investment is part of a financing round of 9.2 million SEK and is done in collaboration with Industrifonden and Navigare Ventures. The new funding will be used to further develop and scale the delivery of their first diamond-based chip atomic clocks.

Adamant Quanta is a Swedish quantum tech startup specializing in the development of diamond-based IC systems for precision timing, sensor technology, and detection technology. Their main product, a diamond-based chip atomic clock, offers outstanding accuracy and performance. With a focus on innovation and customer requirements, Adamant Quanta aims to transform the industry with immediately applicable diamond-based quantum technology solutions for robust positioning, navigation, and timing applications.

Adamant Quanta is committed to continued technical innovation and establishing itself as a leader in its field. With the successful completion of the funding round, the company will scale and accelerate the delivery of diamond chip systems and strengthen its position in the markets of timing, sensor technology, and detection technology.

"We are excited to have completed this funding round and grateful for the opportunity to continue developing our patented diamond technology and delivering our state-of-the-art diamond-based atomic clocks. With this investment, we will be able to scale our product delivery and realize our vision of offering competitive and immediately usable hardware for quantum technology," says Haitham El-Ella, Founder and CEO of Adamant Quanta.

"Almi Invest is dedicated to supporting Swedish innovators in their establishment and journey. Adamant Quanta is an impressive example of an innovative quantum tech startup with significant market potential, whose diamond-based clocks have already attracted international customers. Almi Invest, together with Industrifonden and Navigare Ventures, plays an important role in promoting their development. We look forward to being part of the company's growth and the impact their technology will have," says Faten Mustafa, Investment Manager at Almi Invest.

For further information, please contact:

Faten Mustafa, Investment Manager, Almi Invest, phone +46722491348, email faten.mustafa@almiinvest.se Haitham El-Ella, Founder and CEO of Adamant Quanta, phone email he@adamantq.com