KUALA LUMPUR, June 13 (Bernama) -- Zero-Error Systems (ZES), specialising in high reliability semiconductor solutions for the space and power management applications, has secured an investment of US$7.5 million in an oversubscribed Series A funding round. (US$1=RM4.62)
According to ZES in a statement, with participation from the Dart Family Office and Airbus Ventures, among others, this financing will expand the company's global sales and marketing efforts.
It will also accelerate ZES’s product roadmap journey, meeting the growing demand for radiation protection, power reliability and data integrity solutions specifically designed for Low Earth Orbit satellites, deep space rovers and landers, and a wide array of power management application needs on Earth.
“Many aerospace companies rely on Commercial Off-the-Shelf (COTS) semiconductor devices for their satellite electronics systems, which are not designed to withstand the harsh conditions of space.
“Our capabilities address essential power reliability and data integrity concerns by safeguarding COTS semiconductor devices from malfunctions with our patented radiation hardening technologies,” said ZES Chief Technology Officer and Co-Founder, Dr Shu Wei.
Meanwhile, its Vice President of Business Development and Strategy, Khor Hwai Lin said: “ZES takes pride in being a pioneering Asian semiconductor startup to develop radiation-hardened semiconductor solutions. By bridging the space and semiconductor industries, ZES plays a strategic role in Singapore's tech landscape.
“As part of ZES' new growth plan, our team now plans to elevate its engineering capacity by recruiting additional electronics engineers specialising in space and various power management applications.”
A university spin-off from Nanyang Technological University Singapore, ZES was founded in 2019 by experienced semiconductor industry veterans and integrated circuit design experts.
This latest financing will also support the company's research and development (R&D) activities in Singapore, while facilitating customer design-in activities globally.
-- BERNAMA
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