First Derivatives I Ltd investment portfolio

Headlight AI creates AI‑driven hardware and software that map, locate and assess the condition of underground assets such as tunnels, sewers and culverts. Its Telesto platform and related solutions are sold to utilities, water providers, construction and transport companies that require safe, automated inspection of buried infrastructure.

KETS Quantum Security designs and manufactures chip‑scale hardware that delivers quantum‑safe communications, specifically quantum key distribution (QKD) and quantum random number generator (QRNG) solutions. Its products are marketed to telecom operators, data‑centre providers, defence, finance and other critical‑infrastructure sectors that require ultra‑secure communications.