Nord Quantique, a Sherbrooke, Québec, Canada-based company quantum computing technology startup, raised CAD$9.5M in Seed funding.
The round was led by BDC Capital’s Deep Tech Venture Fund, Quantonation VC fund with participation from Real Ventures.
The company intends to use the funds to accelerate growth, expand operations and its product development efforts.
Co-founded in 2020 by Philippe St-Jean, Ph.D., and Julien Camirand Lemyre, Ph.D. as a spinoff from the Institut Quantique, Nord Quantique develops hardware for fault-tolerant quantum computing by redesigning processors from the ground up with low-error in mind. The company is building superconducting circuits that can mitigate errors on every individual qubit, providing a faster pathway to high performance quantum computers.
Nord Quantique is a partner of the Sherbrooke Quantum Innovation Zone, dedicated to advancing quantum computing innovation in Québec.
FinSMEs
09/02/2022