Nu Quantum secures $60m Series A to advance quantum networking technology
The Cambridge startup secured backing from National Grid Partners and Gresham House Ventures to scale its distributed quantum computing architecture.
A Cambridge-born startup developing quantum networking technology to connect separate processors into a distributed network.
Nu Quantum has raised $60m in a Series A funding round to advance its distributed quantum computing platform. The investment was led by National Grid Partners, with participation from Gresham House Ventures, Morpheus Ventures, and existing supporters Amadeus Capital, IQ Capital, Ahren Capital, and Sumitomo (Presidio Ventures).
The Cambridge-based startup is building networking architecture designed to link separate quantum processors together into a single, scalable system. The capital will be directed towards accelerating the development of its Entanglement Fabric roadmap, scaling prototype technology, and expanding industry alliances.
This transaction marks the largest Series A round recorded in the United Kingdom quantum sector to date, positioning the firm for commercial deployment.
From the founder
"When we launched seven years ago, very few were thinking about networked or distributed quantum computing as a strategy for scaling, but we saw it as one of the most urgent and challenging outstanding problems in the industry, and set out to solve it. We’ve made great strides in shaping the market and the technology since then."
Carmen Palacios‑Berraquero
Founder at Nu Quantum
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Build out infrastructure
Investors
About the company
Nu Quantum
Nu Quantum builds distributed quantum computing infrastructure.