Funding Details
- Awarder
- SemiNews
- Date Award
- November 02, 2023
- Vertical
- Quantum Networking
- Funding URL
- View Funding Page
Company Info
- Traction
- This new funding follows a £2.1M seed round completed in September 2020, which jump-started the company’s significant expansion and ongoing recruitment activity. It will also deepen key partnerships with academia and corporations and accelerate the availability of robust and deployable systems.
- Organizations Involved
- Presidio Ventures backed by Sumitomo Corporation, National Security Strategic Investment Fund (NSSIF), Deeptech Labs
- Founders
- Dr. Carmen Palacios
- Company Description
- Nu Quantum is pioneering the development of scalable quantum networking, essential to delivering useful quantum computing and unlocking the full spectrum of applications that will have a transformative impact on society. They are building the quantum networking infrastructure necessary to scale quantum computers by interconnecting many smaller cores using a Quantum Networking Unit (QNU) capable of efficiently scaling discrete Quantum Processing Units (QPU) to form a larger and more useful quantum computer.
- Market
- Technology
- Location
-
Cambridge,
UK
- Coinvestors
- Amadeus Capital Partners, Expeditions Fund, IQ Capital, Ahren Capital, Seraphim Capital, University of Cambridge, Martlet, Presidio Ventures, National Security Strategic Investment Fund (NSSIF), Deeptech Labs
Links