The funding round was co-led by DCVC and Kembara with participation from the British Business Bank and Firgun.
"Today's announcement reflects the strength of the team we have built and the progress they have delivered. Quantum computing will only achieve its full potential if it can be built on a platform that scales, and we believe silicon is the strongest route to achieving that. We are pleased to be joined by investors who share our vision and understand what it takes to build a foundational company in this field."
The $1bn valuation round was led by Symbotic to support the development of fast-charging power solutions for autonomous systems.
"Nyobolt is enabling the always-on, always-moving infrastructure that physical AI demands. The enterprises deploying autonomous systems at scale can’t afford downtime, swap time, or power flickers. Our technology delivers a powerful trifecta: improved performance, exceptional durability, and a more sustainable operation, enabling a new generation of machines to run harder and smarter."
— Sai Shivareddy, Co-founder and Chief Executive Officer