A Unicorn is Born – Xanadu Valuation at $1 Billion – Raises $100 Million Series C

Xanadu, the Canadian Quantum Company has raised $100 Million Series C. Some more details below – Canada’s largest growth equity firm, Georgian led the round. Others that have invested include Porsche Automobil Holding SE, Forward Ventures, Alumni Ventures, Pegasus Tech Ventures, Silicon Valley Bank, along with previous investors Bessemer Venture Partners, Capricorn, BDC Capital, and […]

$25,000 for the Winner – Quantum Start-up Pitch Competition

A Quantum Start-up Pitch Competition organized by Quantum World Congress will award $25,000 to the winner. The focus of the competition is on innovative solutions using quantum science and technology to solve problems in life sciences, biotech, and healthcare sector space. Deadline for the application is November 9, 2022, 11.59 pm EST. Five to seven […]

ColdQuanta Raises a Whopping $110 Million Series B

ColdQuanta, the global quantum ecosystem company has raised a $110 million Series B round. Investors in this round include LCP Quantum, In-Q-Tel, Sumitomo Corporation of Americas, Breakthrough Victoria, BOKA Group Holdings I LP. “ColdQuanta’s core technology has a wide range of applications on the quantum technology spectrum,” says Christopher Galvin, former Motorola chairman and CEO. […]

Quantum Computing Software Startup Classiq’s Extended Series B Funding

Quantum computing software startup Classiq has extended its Series B funding round by an additional $13 million. This new investment comes from Canadian-Israeli venture capital firm Awz Ventures.  Previously it had announced a $36 million Series B round from investors such as HSBC, NTT Finance and Intesa Sanpaolo. The total amount raised to date is $64 […]

QuantrolOX Raises €2.5 million, with Additional €8 million Funding Available

QuantrolOX, a Quantum Computing spin-off from Oxford University, UK, has picked up €2.5 million in grant money from European Innovation Council (EIC) with another €8 million available from EIC as matching funding against future raise through other sources. Previously it had raised a £1.4 million seed round from Nielsen Ventures, Hoxton Ventures, Voima Ventures, Remus […]