Lightsynq Technologies Inc. raised $18M in a Series A funding round led by Cerberus Ventures to scale its quantum interconnect technology.

Nov 19, 2024•9 months ago

Amount Raised

$18 Million

Round Type

series a

BostonInformation TechnologySoftware

Investors

In Q Tel (Iqt)Element SixQvtSafar PartnersIag Capital PartnersMurata Electronics North America Inc.Cerberus Ventures

Description

Lightsynq Technologies Inc. has secured approximately $18 million in Series A funding, led by Cerberus Ventures. The funding will be utilized to further develop their optical quantum interconnect technology, aiming to solve key challenges in linking quantum computers.

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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