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ZuriQ Raises $25.5M in Seed Funding to Expand R&D Efforts and Chip Fabrication.

PRIVATEJul 27, 202614 days ago

Amount Raised

$25.5 Million

Round Type

Seed

ZurichSoftwareArtificial Intelligence

Investors

Firgun VenturesExtantiaForward.OneQuantonation

Description

ZuriQ, a Zürich-based company specializing in quantum computing, has raised $25.5M in Seed funding. The round was led by Quantonation with participation from Forward.one, Extantia, Firgun Ventures, and others. The funds will be used to expand the team and enhance R&D efforts for its trapped-ion quantum processors. The total amount raised to date is now $29.7M.

Company Information

Company

ZuriQ

Location

Zurich, Zurich, Switzerland

About

ZuriQ is a quantum startup focused on overcoming the scaling barrier in quantum computing through innovative technology. They are developing a novel architecture that utilizes a combination of electric and magnetic fields for ion trapping, allowing for greater flexibility and performance. The company aims to demonstrate a prototype that showcases the capabilities of their approach in a reconfigurable two-dimensional grid. ZuriQ is positioned to advance quantum computing by addressing limitations faced by traditional methods.

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