In a signal that quantum computing is edging closer to commercial relevance, Stockholm-based quantum technology company FirstQFM has raised €1.2 million (13.1 million SEK) in pre-seed funding to advance its proprietary AI foundation models designed specifically for quantum hardware. The round was led by BSV Ventures, with participation from Almi Invest, Further than Capital, and…
Ephos, an innovative leader in glass-based photonic chip technology, has successfully secured $8.5 million in a seed funding round aimed at establishing a groundbreaking research and manufacturing facility in Milan. This initiative, supported by NATO’s Defence Innovation Accelerator (DIANA) and the European Union, marks a pivotal moment in the evolution of quantum and light-based computational…
In a landmark development for the quantum computing industry, Quantum Source has successfully closed a $50 million Series A funding round. The investment, spearheaded by Eclipse, was also supported by prominent investors including Standard Investments, Level VC, Canon Equity, as well as existing backers Pitango First, Grove Ventures, 10D, and Dell Technologies Capital. This latest…
Quantum Circuits, Inc. has successfully concluded its Series B funding round, securing over $60 million in capital. This significant investment is poised to propel the company’s groundbreaking efforts in quantum computing, particularly with their innovative qubit technology that integrates built-in error detection—a first in the industry. The Series B round is led by prominent venture…
BlueQubit Inc., a California-based pioneer in quantum software, and Quantum Art Ltd., an innovative Israeli quantum hardware developer, have been awarded a prestigious grant from the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation. This grant, valued at $2.2 million over two years, aims to advance the frontier of quantum computing by enhancing quantum machine…
Riverlane, a leader in quantum error correction (QEC) technology, has announced a successful Series C funding round, raising $75 million to advance its pioneering QEC roadmap. The round was led by Planet First Partners, with participation from ETF Partners, EDBI, and existing investors Cambridge Innovation Capital (CIC), Amadeus Capital Partners, the UK’s National Security Strategic…
In a significant move poised to redefine the landscape of quantum computing accessibility, Kipu Quantum GmbH has announced the acquisition of PlanQK, the pioneering German quantum computing platform developed by Anaqor AG. This strategic integration brings together two leaders in the field, aiming to accelerate the development and deployment of industrially relevant quantum solutions worldwide….
In a significant development for the future of computing, German quantum computing company planqc has secured €50 million in a Series A funding round. This substantial investment, led by the European Family Office CATRON Holding and the DeepTech & Climate Fonds (DTCF), propels planqc to the forefront of the global race to develop fault-tolerant quantum…
Kvantify ApS, a trailblazing quantum software start-up based in Copenhagen, has successfully concluded a EUR 10 million seed funding round aimed at unlocking the potential of quantum computing, particularly in the life sciences sector. Led by Danish VC Dreamcraft, alongside biotech investor Lundbeckfonden BioCapital and private investment company 2degrees, this funding infusion underscores Kvantify’s commitment…
