New funding will accelerate Nu Quantum’s mission to build the entanglement fabric essential to scale quantum computers.
Nu Quantum, the Cambridge-based quantum networking company, today announces that it has raised £7M in a pre-series A round. The round is led by Amadeus Capital Partners, Expeditions Fund, and IQ Capital, with increased commitment from Seed investors Ahren Innovation Capital; Seraphim Capital; University of Cambridge and Martlet. New investors joining the round include Presidio Ventures backed by Sumitomo Corporation, the National Security Strategic Investment Fund (NSSIF), and Deeptech Labs.
Nu Quantum is pioneering the development of scalable quantum networking, essential to delivering useful quantum computing and unlocking the full spectrum of applications that will have a transformative impact on society. Today’s quantum computers have limited capabilities because their fundamental building blocks, qubits, are extremely hard to assemble in numbers large enough (~100,000 to ~1M) to solve truly valuable problems.
Rather than try to create a single large core, a more efficient way to proceed is to interconnect many smaller cores, each containing 10s to 1000s of qubits, using a scalable quantum network. Nu Quantum’s product is a Quantum Networking Unit (QNU) capable of efficiently scaling discrete Quantum Processing Units (QPUs) to form a larger and more useful quantum computer. Nu Quantum’s technology is interoperable with, and can be applied to, different qubit modalities, and will accelerate the time to market of transformative quantum computing.
This new funding follows a £2.1M seed round completed in September 2020, which jump-started the company’s significant expansion and ongoing recruitment activity. It will also deepen key partnerships with academia and corporations and accelerate the availability of robust and deployable systems.
About Nu Quantum
Nu Quantum is building the quantum networking infrastructure essential to scaling quantum computers. Quantum computers must go from hundreds to hundreds of thousands of qubits in order to achieve transformational impacts. Our 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. We are creating full hardware solutions to create entangled qubit networks, including a unique high-speed computer network interface, photonic switching fabric, and control systems to accelerate the roadmap towards multi-core quantum supercomputers and quantum data centres. Partnering with leading QC companies, governments and research groups, we are bringing quantum out of the lab and into real world use.