EeroQ, a Chicago, IL-based quantum computer (QC) chip design company, raised $7.25M in Seed funding.
The round was led by B Capital’s Ascent Fund, with participation from V Capital, Calibrate Ventures, Alumni Ventures, Unbound Ventures, and Red Cedar Ventures. B Capital Chair Dr. Howard Morgan and Senior Principal Morgan Polotan are joining the board.
The company will use the funds to expand its development efforts.
Founded in 2017 by Prof. Johannes Pollanen, Nick Farina, Faye Wattleton, David Ferguson, and Dr. David Rees, EeroQ builds a large scale QC using electrons on helium (eHe). This type of QC was conceived as an idea design in the late 1990s, but was not feasible to build at the time due to technical limitations. The company’s core technology is patented and developed in partnership with Michigan State University.
FinSMEs
23/08/2022