Aliro Quantum has received its Series A funding from several venture firms including Accenture Ventures and lead investor Leaders Fund. Although the company didn’t release the exact amount of the funding, they indicated it was less than $20 million. Aliro is a software company that specializes in providing software that can emulate, pilot, and deploy entanglement-based quantum networks. It was spun out of the NarangLab at Harvard University in 2019. Their software was recently selected as the vehicle for providing quantum network configuration, control and orchestration in the EPB Quantum Network Powered by Qubitekk in Chattanooga, Tennessee. The company will be using the new funds to accelerate R&D, expand their professional services, and increase their efforts in sales and marketing. A press release from Aliro announcing this new funding is available here.
October 10, 2023