Quantum Circuits, Inc., a New Haven, Conn-based quantum computing startup, raised $18M in Series A funding.
The round was co-led by Canaan Partners and Sequoia Capital with participation from Tribeca Venture Partners, Osage University Partners, and previous investor Fitz Gate Ventures. In conjunction with the funding, Brendan Dickinson of Canaan and Bill Coughran of Sequoia are joining the company’s board.
The company intends to use the funds to build and sell the first practical and useful quantum computers via a combination of experience in quantum physics with the electrical, mechanical, and systems engineers needed for the scaling of quantum computers, as well as the software designers and programmers focused on algorithms and applications to real world problems.
Co-founded in 2015 by Michel Devoret, Luigi Frunzio and Robert Schoelkopf of Yale University, joined by Brian Pusch, currently President, QCI aims to develop, manufacture and sell quantum computers based on superconducting devices.
The company’s goal is to build multiple generations of general purpose, universal quantum computers that can be reconfigured and reprogrammed in many different ways, expanding their applications.