Nu Quantum, a Cambridge, UK-based quantum networking company, raised £7M in Pre-Series A funding.
The round was led by Amadeus Capital Partners, Expeditions Fund, and IQ Capital, with participation from Seed investors Ahren Capital, Seraphim Capital, University of Cambridge and Martlet. New investors included Presidio Ventures backed by Sumitomo Corporation, the National Security Strategic Investment Fund (NSSIF), and Deeptech Labs.
The company intends to use the funds to build the entanglement fabric essential to scale quantum computers, deepen key partnerships with academia and corporations, and accelerate the availability of deployable systems.
Led by Dr. Carmen Palacios, Founder and CEO, Nu Quantum provides a quantum networking infrastructure essential to scaling quantum computers. Its approach is to interconnect many smaller cores using a Quantum Networking Unit (QNU) capable of efficiently scaling discrete Quantum Processing Units (QPU) to form a larger and more useful quantum computer. The company creates hardware solutions to offer entangled qubit networks, including a high-speed computer network interface, photonic switching fabric, and control systems to accelerate the roadmap towards multi-core quantum supercomputers and quantum data centres.
Nu Quantum currently partners with QC companies, governments and research groups.
FinSMEs
02/11/2023