Arqit, a UK based company formed in 2017, will combine with Centricus Acquisition Corporation. The combined business will have a pro forma enterprise value of about $1 billion with $400 million of gross proceeds available for Arqit. Arqit has developed a product they call QuantumCloud which will allow organizations to exchange symmetric keys for encrypted data communications. Initially the keys will be exchanged through land based data centers but Arqit intends to launch two satellites in 2023 that will start performing this function. Additional information about this transaction can be found in the press release available here and a U.S. Securities and Exchange Commission (SEC) Form 8-K filing available here.

ColdQuanta announced it has secured an additional $20 million in funding from existing investors including Foundry Group, Global Frontier Quantum Opportunity Fund, LCP Quantum Partners and Maverick Ventures to commercialize its cold atom quantum technology. This brings ColdQuanta’s total funding to date to $74 million and they are anticipating a Series B funding in the future. Additional information is available in ColdQuanta’s news release available here.

Swiss startup Qnami announced has close of a 4.0 million Swiss franc ($4.4M USD) Series A financing round led by Runa Capital and SIT Capital and supported by seed round investors Quantonation, Verve Ventures, ZKB Start-up Finance and the High Tech Gründerfond. The funds will support extension of Qnami’s patented quantum microscope technology into applications enabling the design and production of quantum computers and spintronics devices, plus scaling the launch of the Qnami ProteusQ™ quantum microscope. Additional details are available in a news release available on the Quantonation website here.

QphoX in The Netherlands has raised €2 million ($2.4M USD) from investors including Quantonation, Speedinvest and High-Tech Gründerfonds, with participation from TU Delft. The company is building what they call the world’s first quantum modem device, connecting quantum computers across a quantum network. They are developing a quantum transducer based on coupling microwave and optical photons through a mechanical intermediary resonator. You can view a news release about the investment located on the Quantonation website here.

Agnostiq has secured a $2 million seed round funding led by Differential Ventures with additional participation from from Scout Ventures, Tensility Venture Partners, Boost VC, and Green Egg Ventures. This follows pre-seed funding of $830 thousand that the company had received earlier. Agnostiq is developing a platform with three main technologies including workflow management tools, privacy and quantum obfuscation tools, and pre-built applications such as portfolio optimization and options pricing. Agnostiq’s news release announcing this funding can be view here.

May 13, 2021