Qunnect, a Brooklyn-based quantum networking company, has secured $10 million in an oversubscribed Series A extension led by Airbus Ventures, with participation from Cisco Investments and Quantonation. The funding will accelerate development of the company’s Carina product suite, designed to deliver turn-key quantum networking solutions for sectors including financial services, energy, telecommunications, and defence. Qunnect has already deployed metropolitan quantum networks in New York City and Berlin, utilising commercially available, room-temperature hardware to establish entanglement-based protocols over existing fibre optic infrastructure, and aims to expand utility beyond testbed environments.
Qunnect secures $32 million in Series B funding to build a quantum internet and deliver secure communication solutions. This funding will expand its team, accelerate product development, and broaden deployment across key industries. Qunnect intends to utilize the funding to scale manufacturing, expand sales and marketing, and further invest in research and development. Qunnect’s commitment to attracting and retaining top talent ensures it remains at the forefront of quantum networking technology.
Qunnect distinguishes itself by pioneering room-temperature quantum networking, simplifying integration into existing data centers and telecommunications facilities, and fostering wider adoption beyond specialized research environments. The company’s core technology centres around entanglement distribution, a fundamental process for establishing secure quantum communication channels and enabling applications like quantum key distribution. The company’s flagship product, the Qunnect Quantum Repeater, enables the distribution of entanglement over long distances, overcoming the limitations of traditional fiber optic networks. This repeater utilizes innovative quantum memory and switching technologies to extend the reach of quantum communication, paving the way for a global quantum internet.
Qunnect’s technology directly addresses the threat of quantum computing to current encryption standards. Quantum computers possess the potential to break many cryptographic algorithms, necessitating the development of quantum-resistant security solutions. Qunnect’s quantum network provides a fundamentally secure communication channel, immune to attacks from both classical and quantum computers, ensuring long-term data protection.
Qunnect’s technology has applications beyond secure communication, including distributed quantum computing and enhanced sensing capabilities. The company is exploring these emerging applications to expand its market reach and drive innovation. Qunnect’s technology has the potential to revolutionize a wide range of industries, including finance, healthcare, and government.
Qunnect’s commitment to open standards and interoperability fosters a collaborative ecosystem for quantum networking. The company actively participates in industry consortia and standards bodies to promote the development of open and interoperable technologies. Qunnect actively collaborates with leading research institutions and industry partners to demonstrate and deploy its technology.
The Series B funding round includes participation from existing and new investors, including Quantonation and BlueRed Ventures. This validates Qunnect’s technological advancements and its potential to disrupt the cybersecurity landscape. Qunnect’s commitment to customer success is reflected in its comprehensive support services, providing training, consulting, and ongoing support to help customers deploy and manage their quantum networks.
Qunnect’s leadership team comprises experienced entrepreneurs, scientists, and engineers with a proven track record in the telecommunications and quantum technology industries. This expertise provides a strong foundation for growth and innovation. Qunnect’s commitment to sustainability extends to its product design and manufacturing processes, prioritizing energy efficiency and responsible sourcing of materials to minimize environmental impact.
Qunnect’s long-term vision is to create a fully connected quantum internet that enables a wide range of transformative applications. This requires continued innovation in hardware and software, as well as close collaboration with industry partners and government agencies. Qunnect’s software platform provides a user-friendly interface for managing and monitoring the quantum network, enabling customers to easily configure and control it for optimal performance and security.
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