Nu Quantum (Pre-Series A)
Funding Details
Awarder
SemiNews
Date Award
November 2, 2023
Vertical
Quantum Networking
Funding URL
View Funding Page
Funding Amount
$7,000,000
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
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
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.

Links
Website
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