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. He is also an investor and has joined the company’s Board of Directors. “Customers are already adopting ColdQuanta for quantum RF sensors, quantum atomic clocks, and quantum software,” adds ColdQuanta CEO Scott Faris. ColdQuanta’s ‘quantum everywhere’ approach to create a breadth of impact in the quantum systems and application space will see further advances with the money raised.

Early in the year, ColdQuanta acquired, a quantum software start-up that was part of the Duality incubator run by the Chicago Quantum Exchange.

Existing investors, including Foundry Group, Global Frontier Investments, and Maverick Ventures also participated in this round. ColdQuanta has raised a total of $184.5M overall.

November 2022