Vescent, a leading provider of components for quantum technology commercialization, has successfully closed a $5 million Series Seed funding round led by Corporate Fuel, with additional participation from Caruso Ventures. This funding will expedite the introduction of new products, enhance manufacturing capabilities to meet growing demand, and extend market penetration. Vescent’s offerings include Frequency Combs, Lasers, and Controls for quantum timing, computing, networking, and sensing applications, emphasizing low Size, Weight, and Power (SWaP), ruggedness, and performance.
The investment will support infrastructure expansion, staffing, and customer support, reinforcing Vescent’s position as a core technology provider in the quantum ecosystem. Corporate Fuel expressed confidence in Vescent’s management team and its potential to drive growth in the quantum space, while Dan Caruso of Caruso Ventures highlighted Vescent’s role as a manufacturing leader in critical quantum hardware. Vescent CEO Scott Davis affirmed their commitment to advancing the quantum ecosystem, emphasizing readiness to address the challenges ahead.
For additional information, you can access a press annoucement provided by Vescent here.
March 07, 2024