Singapore Startup Zero Error
Systems (ZES) Joins Airbus Ventures Portfolio
October 21, 2020
Airbus Ventures proudly announces
its latest investment in Zero Error Systems (ZES), a
Singapore-based startup debuting “smart chip” technology
powered to protect satellites from radiation damage. The
S$2.5 million seed round will enable the company to
scale its operations, and work with international
customers to deploy its products into space, as well as
explore new applications, including self-driving
vehicles with high levels of autonomy.
“Pairing ZES proprietary technology
with advanced consumer-grade electronics will enable
highly intelligent and cost-effective technology that is
built to resist radiation,” explained Dr. Shu Wei, ZES
Founding Chief Technology Officer. “As we embark on this
journey, ZES is privileged to have Airbus Ventures
invest in us. This partnership will enable and expedite
the proliferation of our products and technologies into
the Airbus Ventures ecosystem and beyond.”
Developed at Singapore’s Nanyang
Technological University, ZES’s novel design, with the
capability to detect harmful heavy-ion radiation, has
already been installed in three pico-satellites built by
the Kyushu Institute of Technology in Japan.
“We at Airbus Ventures are proud to
team with ZES on the cusp of a new era for space
electronics and autonomous vehicles,” Mathieu Costes,
Airbus Ventures Partner noted. “Our ZES investment,
Airbus Ventures’ second in Singapore, signifies a
deepening convergence of entrepreneurial research and
venture pioneers in the region, drawing together new
networks as we actively expand our presence in the Asia
Pacific.”
This announcement comes on the
heels of Airbus Ventures unveiling its milestone
partnership with the Development Bank of Japan Inc.
(DBJ), Mitsubishi UFJ Lease & Finance Company Limited
(Mitsubishi UFJ Lease) and Fuyo General Lease Co., Ltd.
(FGL) to invest in Airbus Ventures Fund III LP,
representing a joint and still-expanding mission to
support early-stage businesses in their ascent from the
ground to deep space.
ZES expects the first launch of its
chips into orbit in 2021.
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