Sparrow Quantum, a Copenhagen, Denmark-based quantum technology company, raised 31M DKK (€4.1m) in Seed funding.
The round was led by 2xN and included co-investments from LIFTT and the European Innovation Council.
The company intends to use the funds to accelerate the development of its products and services, expand its team, and strengthen its position as the market leader in quantum light-matter interfaces and next-gen single-photon sources for commercial quantum technologies.
Led by CEO Kurt Stokbro, Sparrow Quantum is a quantum technology company dedicated to advancing light-matter interfaces for quantum technologies. The first product is an on-chip single-photon source that provides long strings of more than 100 single photons without deteriorating quality and at a rate of more than 20 million single photons per second in fiber that the customer can directly deploy for, e.g., multi-photon quantum simulations or quantum key distribution experiments.
It offers researchers and developers of quantum technology systems access to essential building blocks for scaling up advanced quantum technology applications in information processing and communication. Application areas include secure quantum communication, photonic quantum computing, and quantum repeaters for the quantum internet.
The technology results from over two decades of pioneering research by founder Prof. Peter Lodahl and his quantum photonics research group at the prestigious Niels Bohr Institute (NBI) in Copenhagen, Denmark.
FinSMEs
11/05/2023