ColdQuanta, a Boulder, CO-based global quantum technology company, raised $110M in Series B funding.
The round was led by LCP Quantum with participation from In-Q-Tel, Sumitomo Corporation of Americas, Breakthrough Victoria, BOKA Group Holdings I LP, Foundry Group, Global Frontier Investments, and Maverick Ventures. Christopher Galvin, former Motorola chairman and CEO, joined ColdQuanta’s Board of Directors. Mr. Galvin is also now an investor in ColdQuanta.
The company intends to use the funds to continue commercializing its product portfolio, including quantum computing, quantum algorithms and applications, atomic clocks, sensors, and components.
Led by CEO Scott Faris, ColdQuanta is a quantum technology company which leverages quantum mechanics to build and integrate quantum computers, software, sensors, and networks. The company enables “quantum everywhere” through an ecosystem of devices and platforms. Its scalable and versatile cold atom technology is used by organizations around the globe and deployed by NASA on the International Space Station.
ColdQuanta is based in Boulder, CO, with offices in Chicago, IL; Madison, WI; and Oxford, UK.
FinSMEs
01/11/2022