Qunnect Raises $8M in Series A Funding

USA
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Qunnect’s Qu-Mem is the first commercial quantum memory on the market and sits in a standard server rack without the need for extreme cooling or vacuum infrastructure support. (Source: Qunnect)

Qunnect, a Brooklyn, NY-based quantum internet tech company, raised $8M in Series A funding.

The round was led by Airbus Ventures, with participation from Quantonation, SandboxAQ, NY Ventures, Impact Science Ventures, and Motus Ventures.

The company intends to use the funds to further develop their product suite, scale manufacturing, and launch a multi-node R&D quantum network testbed to demonstrate entanglement distribution protocols.

Led by CEO Dr. Noel Goddard and CSO Mehdi Namazi, Qunnect commercializes the core technologies needed for scalable quantum-safe communication. In 2021, the company commercialized a quantum memory, which serves as the cornerstone to its Quantum Repeater product suite, an integrated solution for long distance distribution of entanglement across existing telecommunications infrastructure. Building on this achievement, once its first generation product suite is complete in mid-2023, Qunnect will be poised to provide the first distributed entanglement network on the commercial market.

FinSMEs

06/10/2022