Quantum Circuits Raises Over $60M in Series B Funding
Summary
The round was led by ARCH Venture Partners, F-Prime Capital, Sequoia Capital, and Hither Creek Ventures with participation from Canaan Partners, Fitz Gate Ventures, In-Q-Tel (IQT), Osage University Partners, Connecticut Innovations, Tao Capital Partners, and Tribeca Venture Partners. The company intends to use the funds to commercialize its quantum systems. Led by co-founder and CSO Rob Schoelkopf and CEO and President Ray Smets, Quantum Circuits develops quantum computers designed to scale. Its architecture integrates high-fidelity qubits with intrinsic error detection and handling. High-fidelity error detection is a key component to reducing the number of physical qubits necessary to build a useful quantum computer, thus accelerating the timeline to fault-tolerant quantum computing and real-world applications.
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