Sparrow Quantum, a Copenhagen, Denmark-based supplier of photonic quantum chips, raised €21.5m in Series A funding.
The round was led by PensionDanmark, with backing from EIFO and Novo Holdings and additional investments from existing investors 2xN, LIFTT, and the European Innovation Council.
The company intends to use the funds to accelerate the development and commercialization of its quantum chip technology.
A spin-out from Professor Peter Lodahl’s research group at the Niels Bohr Institute, Sparrow Quantum is advancing photonic quantum chips, with on-chip deterministic single-photon source at the core of innovation. Powered by their chip, photonic quantum computers can achieve faster processing speeds than earlier iterations using probabilistic sources, accelerating further advancements in generative AI and quantum-optimized machine learning.
Key people are CEO Kurt Stokbro and Professor Peter Lodahl, Founder and Chief Quantum Officer.
FinSMEs
10/04/2025