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Press release — nu quantum, the category creator and leader in distributed quantum computing, has closed its oversubscribed $60 million series a funding round led by national grid partners, including participation from gresham house ventures and morpheus ventures, and continued support from existing investors amadeus capital partners, iq capital, ahren capital, cambridge enterprise ventures. Cambridge startup nu quantum raises $60m to build the networking layer linking quantum computers into powerful distributed systems. The massively oversubscribed round was led by national grid partners.
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Nu quantum raises an oversubscribed $60m series a to scale its entanglement fabric for distributed quantum computing. Nu quantum raises $60m series a in largest financing round for quantum computer networking new investors, including national grid partners, gresham house ventures and morpheus ventures, validate growing demand for modular, scaling networking technologies within quantum computing. Nu quantum has closed a $60 million series a funding round led by national grid partners, validating demand for scalable networking technologies in quantum computing
This financing will accelerate the company’s development of an “entanglement fabric” aimed at interconnecting quantum processors and achieving fault tolerance, ultimately unlocking the potential of the growing quantum.
