Quantum start-ups in Europe, Canada, and elsewhere have continued to report seed funding rounds, but since the heady days of 2021 or so, the U.S. market has not nearly been as active. So, it is noteworthy when a new U.S. quantum start-up emerges with seed funding, and that was the case this week for Quoherent Inc., a Huntsville, Alabama company developing room-temperature edge-capable quantum processors.
Coherent announced the closing of a $4.7 million seed financing round led by Morpheus Ventures, whose Damien Petty spoke at last month’s IQT NYC event. Draper Associates, Khosla Ventures, and Alpha Edison also participated in the fundraising.
Roberto DiSalvo, PhD, CEO & Co-Founder of Quoherent said the resources provided by these investors “will accelerate our roadmap and enable us to deliver industry-changing quantum processors.”
Petty, a new board director at Quoherent, added, “Quoherent’s solid roadmap will deliver practical room-temperature processors in a realistic timeframe capable of operating at the edge, where first and second wave quantum computers cannot. This will drive the next wave of quantum computing technology and surpass classical computers.”
Quoherent is the culmination of a decade-long research collaboration between its founders–DiSalvo, Alton Reich (COO), David Carroll (CTO), and the Wake Forest Center for Nanotechnology and Quantum Materials. The company said it has developed “a novel quantum computing modality leveraging topological materials that enable ambient temperature operation and edge capability with low quantum noise. This innovation allows construction of quantum processors on silicon, making them scalable and capable of integrating with standard PCB technology. Its mission is to deploy the world’s first high-fidelity, scalable quantum processors on mobile platforms, delivering quantum processing at the edge.”
Dan O’Shea has covered telecommunications and related topics including semiconductors, sensors, retail systems, digital payments and quantum computing/technology for over 25 years.
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- Source: https://www.insidequantumtechnology.com/news-archive/alabama-based-quoherent-lands-4-7-million-in-seed-funding/
