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New investors, including national grid partners, gresham house ventures and morpheus ventures, validate growing demand for modular, scaling networking technologies within quantum computing Uk's nu quantum raises $60 million in round led by national grid nu quantum, a british startup that builds networking infrastructure to link and scale quantum computers, raised $60 million in one of the largest series a rounds raised in the uk, as investors bet on advances in the frontier technology. The massively oversubscribed round was led by national grid partners.
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Nu quantum has closed a $60 million series a funding round led by national grid partners, validating demand for scalable networking technologies in quantum computing Cambridge, uk and los angeles. This financing will accelerate the company’s development of an “entanglement fabric” aimed at interconnecting quantum processors and achieving fault tolerance, ultimately unlocking the potential of the growing quantum.
Cambridge startup nu quantum raises $60m to build the networking layer linking quantum computers into powerful distributed systems.
National grid partners led the round, joined by gresham house ventures, morpheus ventures, amadeus capital partners, iq capital, ahren capital, cambridge enterprise ventures, east innovate, nssif, and sumitomo The funds will accelerate development of nu quantum's. The oversubscribed funding round will accelerate nu quantum’s entanglement fabric roadmap, support the expansion of its multidisciplinary team, and fuel its global growth
