Quarkitech raises ₹2 crore in pre-seed funding
Quarkitech is a deep-tech company based out of IIT Madras Research Park
Quarkitech, a deep-tech startup based at IIT Madras Research Park, has secured ₹2 crore in pre-seed funding from Artha Access and Finvolve to advance its innovative data compression technology. This technology is specifically designed for defence, aerospace, and other data-intensive applications. In addition, Quarkitech has been awarded a ₹1.5 crore grant by IITM-CDOT Samgnya Technologies Foundation, as part of the National Quantum Mission, a national programme approved by the Union Cabinet in 2023.
The funding will be used to develop Quarkitech's core compression algorithm library, which aims to reduce sensor data before it is stored, processed, or transmitted. With increasing data generation from onboard sensors like radar, LiDAR, and hyperspectral imagers, Quarkitech's solution addresses the challenges of limited storage, bandwidth, and power in remote environments.
The company's algorithms can compress sensor data by up to 100 times while retaining critical mission information, enabling efficient data transmission without additional hardware or communication infrastructure. Tensor networks, originally developed for quantum systems, are the foundation of Quarkitech's algorithms, allowing high-dimensional data to be represented in a highly compressed form.
This results in faster and cheaper computation, and 10-100x more efficient data transmission from high-value sensors.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
