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Terra Quantum Extends Series A Funding Round To $75M And Offers A Route To Low-Power Next-Generation Nanoelectronics

03/31/22, 8:30 AM

Industry

software

Round Type

series a

Today, Terra Quantum AG, a globally leading quantum technology company, announces that it has extended its Series A funding round to $75m, as well as its research offering a ground-breaking solution to the longstanding challenge of efficient power devices for nanoelectronics. Terra Quantum is the first company to reveal the underlying mechanism of ferroelectric-based negative capacitance while also sharing methods for its practical realization. This is a tremendous milestone for hardware design and lays the foundation for next gen technology.

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Company Info

Company

Terra Quantum

Additional Info

With its own quantum chips still a couple of years out, this currently means the company focuses on offering a library of quantum algorithms to its customers and quantum security tools, including a quantum key distribution service. As for its own hardware, the company tells me that it is “very interested in superconducting qubits.” The company plans to use the new funding to expand its R&D capabilities (something it’ll need if it wants to build its own quantum hardware) and extend its Quantum-as-a-Service offering (for which it’ll need that hardware).“We strongly believe in partnering with exceptional technology founders.

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software	$13.9 B	-51.4%