ColdQuanta Announces $110 Million Series B to Continue Commercializing Quantum Technology Products Across the Global Ecosystem
ColdQuanta, the global quantum ecosystem leader, today announced a $110 million Series B round of funding to continue commercializing the company's product portfolio, including quantum computing, quantum algorithms and applications, atomic clocks, sensors, and components
Quantum Ecosystem Leader Achieved Milestones and Awarded New Contracts to Advance the Development of its Portfolio of Quantum Technology Products
BOULDER, Colo., Nov. 1, 2022 /PRNewswire/ -- ColdQuanta, the global quantum ecosystem leader, today announced a $110 million Series B round of funding to continue commercializing the company's product portfolio, including quantum computing, quantum algorithms and applications, atomic clocks, sensors, and components.
Christopher Galvin, former Motorola chairman and CEO, has joined the company's Board of Directors. Mr. Galvin is also now an investor in ColdQuanta. He brings decades of experience in commercializing ground-breaking research from the lab to the global market.
"ColdQuanta's core technology has a wide range of applications on the quantum technology spectrum. They're not just tackling quantum computing, they're also advancing quantum technology in developing the next generation of atomic clocks and radio frequency (RF) technologies, which provide significant advantages over classic antenna-based receivers," Mr. Galvin said. "Quantum RF sensors will be a transformational technology in communications, and ColdQuanta is leading the way."
