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.
IQM has managed to raise a total of €71 million after it recently raised €39 million in Series A funding. This will allow the superconducting quantum computer manufacturer to become a leader in European quantum computing. Within a year, this round of fundraising is the highest among all European deep-tech startups.
On October 29, IonQ announced that Dave Bacon and Denise Ruffner are joining its leadership team as Vice President of Software and Vice President of Business Development, respectively. Dave Bacon was from Google’s quantum engineering team while Denise Ruffner was Cambridge Quantum Computing’s previous Chief Business Officer.