Major investors back disruptive new player in quantum computing race

Funding Rounds

Summary

It has also developed a unique modular approach based on fast electric-field links connecting individual modules, enabling the company to scale-up to practical quantum computers that are able to process millions of qubits. We are delighted to be partnering with two visionary scientists and founders in Prof Winfried Hensinger and Dr Sebastian Weidt in their mission to crack quantum computing at scale. Besides the clear advantage of mild cooling with trapped ions, I believe their sheer focus on using standard semiconductor chip processes and proven modular integration techniques will set this team apart ultimately. · Village Global — an early-stage venture capital firm backed by some of the world’s most successful entrepreneurs including Diane Greene, Bill Gates, Jeff Bezos, Reid Hoffman, Mark Zuckerberg and Sara Blakely. Their focus areas are: machine learning/AI; Quantum Computing; Robotics; Encryption; and Materials · Luminous VC, which backs founders with a vision to significantly change the world with breakthrough technologies and applied science.

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Amount $4.5M Total raised
Date June 14, 2020 Announcement date
Investors White Cloud Capital, 7percent Ventures, Hoxton Ventures Lead investors
Company https://universalquantum.com/ Funded company

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