Lightsynq Technologies Inc. Secures $18M in Series A Funding with Leading Investors

Nov 19, 2024•about 1 year ago

Contract Type

partnership

BostonInformation TechnologySoftware

Description

Lightsynq Technologies Inc. announced it has raised approximately $18 million in Series A funding, led by Cerberus Ventures and with participation from other major investors, to scale its quantum interconnect technology solutions for commercial use. The funding will be used to build the quantum interconnect technology based on color centers in diamond photonic devices, aiming to provide a pathway to foundry-scale production of quantum interconnects.

Company Information

Company

Lightsynq Technologies

Location

Boston, Massachusetts, United States

About

Lightsynq is a quantum interconnect company founded by Harvard quantum networking experts and former AWS research leads Dr. Mihir Bhaskar (CEO), Dr. Bart Machielse (CTO) and Dr. David Levonian (CPO). Lightsynq's founders built the first-ever quantum memory capable of extending the range of quantum networks, a key technology enabling quantum devices to connect together in a future Quantum Internet. Lightsynq’s core mission is to use this same technology to build the world’s best quantum interconnects to link quantum processors at high speeds and overcome the bottleneck of single-system scaling.

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