Arq secures $1.4M pre-seed funding to develop quantum internet technology, led by Ground State Ventures.
Amount Raised
$1.4 Million
Round Type
Pre-Seed
Greenwood VillageManufacturingBiotechnologyEnergyHardwareNatural ResourcesFinancial ServicesFintechTelecommunicationsInvestors
Description
Arq, a UK quantum technology startup, has raised $1.4 million in a pre-seed funding round to enhance its quantum communication technology. The funding, led by Ground State Ventures, aims to establish a cutting-edge laboratory and advance the next generation of quantum memory devices. Co-founder Emanuele Distante emphasized the importance of this technology in scaling quantum networks beyond current capabilities. The investment will support the company's focus on improving the reliability and reproducibility of their innovations.
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