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MoniRail secures £50 million contract from Innovate UK for quantum navigation system on London Underground.

Oct 22, 2026

Contract Type

contract

BirminghamTransportation

Description

MoniRail and its partners have received £50 million in funding to develop a quantum navigation system designed for the London Underground. This project will enhance train fault detection capabilities where satellite signals are inadequate, with a focus on bringing the technology to market.

Company Information

Company

MoniRail

Location

Birmingham, England, United Kingdom

About

MoniRail is a Birmingham-based technology firm specializing in quantum navigation systems. The company's innovations aim to improve the accuracy of train positioning and fault detection on rail networks. MoniRail collaborates with several prestigious partners to enhance its offerings and expand its impact within the railway sector.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.