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Lockheed Martin backs wiring automation startup Q5D

Lockheed Martin backs wiring automation startup Q5D

Business news |
By Peter Clarke



Q5D Technologies Ltd. (Bristol, England), a company that provides tooling to automate wiring harness manufacture, has raised US$3.0 million in funding.

The company was founded in 2018 and the funding round was led by Lockheed Martin Ventures, the investment arm of aerospace and defense company Lockheed Martin Corp. (Washington DC).

Q5D has developed robotic tools combined with computer-aided design and manufacturing software. These enable customers to add wires, printed conductors, connectors, and 3D polymer features to complex non-planar surfaces.

Q5D claims it has gained traction in the automotive sector, driven by the sector’s rapid transition to electric powertrains.

“We are thrilled to have Lockheed Martin as a strategic investor,” said Stephen Bennington, CEO and co-founder of Q5D, in a statement. “The potential market for our technology within the defense sector, for both printed electronics and wiring products, is vast. Lockheed Martin’s guidance and support will spearhead our entry into this market in the US and beyond.”

Q5D is transitioning from project-based revenue to machine sales following the launch of its first hardware products in 2023.

“Wiring is a complex and expensive aspect of the manufacturing process. Q5D’s technology can offer flexibility with the potential for hardware to efficiently switch between manufacturing different parts without compromising quality,” said Chris Moran, general manager of Lockheed Martin Ventures.

Related links and articles:

www.q5d.com

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