Quoherent Inc., a company developing quantum processors that operate at room temperature, has secured $4.7 million in Series Seed financing. The funding round was led by Morpheus Ventures and included Draper Associates, Khosla Ventures, and Alpha Edison. The funds will be used to accelerate the development of Quoherent’s “third-wave” solid state quantum qubits. The company’s CEO, Roberto DiSalvo, believes this will enable them to deliver industry-changing quantum processors. Quoherent is the result of a decade-long research collaboration between its founders and the Wake Forest Center for Nanotechnology and Quantum Materials.
Quoherent Inc. Raises $4.7 Million for Quantum Computing Advancements
The company’s technology aims to significantly alter the landscape of quantum computing. The funds raised will be used to expedite the development of Quoherent’s “third-wave” solid state quantum qubits. This additional capital will supplement the diversified funds from the company’s growing customer base, which includes both private and government partners.
Quoherent’s mission is to deploy the world’s first high-fidelity, scalable quantum processors on mobile platforms. The company’s technology is the result of a decade-long research collaboration between its founders and the Wake Forest Center for Nanotechnology and Quantum Materials.
Morpheus Ventures Recognises Quoherent’s Potential
Morpheus Ventures, a venture capital firm with a strong focus on disruptive technology and quantum computing, led the funding round. The firm recognised the robust science and engineering that has resulted from many years of research and development at Quoherent.
Damien Petty, Partner at Morpheus Ventures and new board director at Quoherent, expressed enthusiasm for the company’s future. He believes that 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, he suggests, will drive the next wave of quantum computing technology and surpass classical computers.
Other Investors Show Support for Quoherent’s Vision
Draper Associates and Khosla Ventures, two other venture capital firms, also participated in the funding round. Tim Draper, Founder & Managing Partner at Draper Associates, noted that Quoherent’s vision for expanding the capabilities of quantum computing with room temperature, solid state technology aligns with their investment philosophy.
Kanu Gulati, partner at Khosla Ventures, echoed this sentiment. He stated that they invest early in companies that are bold and impactful. He praised the Quoherent team for their talent and believes that if they continue to prove their technology at scale, it will be a significant leap forward for the quantum industry.
Quoherent’s Collaborative Efforts and Future Plans
Quoherent is the result of a decade-long research collaboration between its founders Roberto DiSalvo (CEO), Alton Reich (COO), David Carroll (CTO), and the Wake Forest Center for Nanotechnology and Quantum Materials. The company has extended its collaborative efforts to various research institutions, aiming to build a robust ecosystem around Quoherent’s quantum technology.
Through partnerships with universities, investors, and public and private institutions, Quoherent remains committed to realising its vision of delivering quantum computing at the edge, when and where it is needed. The company’s future plans involve continuing to prove their technology at scale and making significant advancements in the quantum industry.
“We’re excited to add the leading disruptive technology venture investors in the world to the Quoherent team,” said Roberto DiSalvo, PhD, CEO & Co-Founder of Quoherent. “Their resources and expertise will accelerate our roadmap and enable us to deliver industry-changing quantum processors.”
“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.” – Damien Petty, Partner at Morpheus Ventures and new board director at Quoherent.
“Quoherent’s big vision for fundamentally expanding the capabilities of quantum computing with room temperature, solid state technology represents the bold thinking that motivates our investing,” noted Draper Associates Founder & Managing Partner Tim Draper.
“We invest early in companies that are bold and impactful,” said Kanu Gulati, partner at fund. “The Quoherent team is incredibly talented, and if they continue to prove their technology at scale, it will be a radical leap forward for the quantum industry.”
Quick Summary
Quoherent Inc., a quantum computing firm, has secured $4.7 million in seed funding to develop its room-temperature, scalable quantum processors. The technology aims to significantly expand the capabilities of quantum computing, potentially surpassing classical computers.
- Quoherent Inc., a company developing quantum processors, has secured $4.7 million in Series Seed financing.
- The funding round was led by Morpheus Ventures and included Draper Associates, Khosla Ventures, and Alpha Edison.
- The funds will be used to accelerate the development of Quoherent’s “third-wave” solid state quantum qubits.
- The company’s technology aims to expand the capabilities of quantum computing with room temperature, solid state technology.
- Quoherent’s CEO and Co-Founder is Roberto DiSalvo, with Alton Reich as COO and David Carroll as CTO.
- The company is a result of a decade-long research collaboration with the Wake Forest Center for Nanotechnology and Quantum Materials.
- Quoherent is committed to delivering quantum computing at the edge, aiming to surpass the capabilities of classical computers.
- Morpheus Ventures, Draper Associates, and Khosla Ventures have expressed confidence in Quoherent’s vision and technology.
- Damien Petty, Partner at Morpheus Ventures, will join Quoherent’s board of directors.
