Aegiq closes oversubscribed investment round to bring quantum photonics platform to market - Aegiq | Single-photon source tech for quantum networking, computing & imaging
Summary
A quantum photonics spin-out from the University of Sheffield lands significant investment from Black Quant and Quantum Exponential, as well as private angels, taking total funding to nearly \xa34m Oversubscribed follow-on investment round shows commitment to UK being at forefront of development of next-generation networking with quantum securitySheffield, UK; 12 May, 2022: has today announced that it secured significant investment from and , as well as private angels. Together, with existing funding from Innovate UK and High-Tech Gr\xfcnderfonds , the investment brings Aegiqs total available funding to nearly \xa34m.Aegiq is a spin-out of the , founded by a team consisting of CEO Dr. Max Sich, CTO Dr. Scott Dufferwiel, and CFO Andrii Iamshanov. Black Quant as a people focused quantum technologies investor is delighted to support the highly skilled team driving their quantum venture from lab to market leadership., said Michael Kott, General Partner at Black Quant.We are bringing our unique photonics technology to market, based on over 20 years of research, to unlock a whole new generation of applications, ranging from quantum computing to microscopy, commented Dr. Max Sich, CEO of Aegiq. Thanks to both its business and scientific expertise and its unique ecosystem and market insights Black Quant aims at empowering people building the leaders of the quantum industry.Quantum Exponential is focused on opportunities in quantum technology and the wider quantum computing sector, with an advisory board made up of industry advisors, entrepreneurs, and technology investment professionals with broad access to quantum opportunities and markets. Quantum Exponential trades on AQSE Growth Market under the ticker symbol QBIT.