Qunnect, a leading company in quantum internet technologies, has announced its Series A financing of $8M, led by Airbus Ventures, with participation from Quantonation, SandboxAQ, NY Ventures, Impact Science Ventures, and Motus Ventures.
Qunnect is creating quantum-secure networking technology for scalable implementation on the current telecom fiber infrastructure. This funding will help them expand production, advance product development, and provide a multi-node R&D quantum network testbed for entanglement distribution algorithms. This network will be the first of its kind in the US and will be connected to the already-existing fiber optic cable in New York City.
Qunnect’s products include an entangled photon source with outstanding compatibility with atomic-based devices and high-fidelity quantum memory, which are critical enablers for quantum sensing and computing applications.
The bulk of quantum networking solutions used in research call for infrastructure with extremely high cooling and vacuum levels. The ultimate value of Qunnect will lie in integrating these technologies into a comprehensive suite to implement long-distance quantum communication protocols. These protocols address the flaws of first-generation Quantum Key Distribution systems, which are essentially restricted in distance and need the scaling of relay nodes, posing security problems.
As opposed to delicate, climate-controlled laboratory environments, Qunnect’s products offer real-world deployment and scalability and are created to be operational at room temperature. In September 2021, the company marketed the first quantum memory, a crucial piece in allowing long-distance quantum-secure communication protocols. Building on this accomplishment, Qunnect will be prepared to offer the first distributed entanglement network on the commercial market once its first generation product suite is finished in mid-2023.