Cambridge Quantum Computing (CQC) has just successfully raised $45 million, generously given by investors such as Honeywell Ventures, IBM Ventures, JSR Corporation, Serendipity Capital, Alvarium Investments, and Talipot Holdings. This large sum will be used to make commercialising quantum computing a closer reality as well as strengthening the company’s position as a leader in quantum computing software and applications.
Khan also elaborated on some of the company’s plans.
CQC launched enterprise-level software products for fields like cybersecurity and quantum diversity during 2020, and many Fortune Global 500 companies from the USA, Europe, and Asia are joining its growing list of clients and partners. This clear approach for quantum-based cybersecurity makes CQC a unique player in the great quantum chessboard. The fact that the company is now worth $450 million after this round of funding is also worthy of attention.
Many of the investors spoke warmly of this round of funding CQC managed to pull off.