Nu Quantum Raises £7M ($8.5M USD) in a Pre-Series A Round
dougfinke2024-08-27T22:03:27-07:00Nu Quantum is a quantum networking startup that was formed as a spinout of the Cavendish Lab at the University of Cambridge. They are focusing on providing the technology that will allow multiple quantum processors to be hooked together in a quantum network with a product they call the Quantum Networking Unit (QNU). The funding The round was led by Amadeus Capital Partners, Expeditions Fund, and IQ Capital, with additional participation from Ahren Innovation Capital; Seraphim Capital; University of Cambridge and Martlet and new investors including Presidio Ventures backed by Sumitomo Corporation, the National Security Strategic Investment Fund (NSSIF), and Deeptech [...]