Toshiba Corporation has announced a significant investment in Quantonation II, a leading quantum technology investment fund based in Europe and the US. This strategic partnership aims to accelerate research and development of quantum technology and advance the practical application of quantum-based services. Toshiba’s commitment to invest in Quantonation II will facilitate knowledge exchange between leading quantum hubs and bolster the global quantum ecosystem.
Toshiba has been a pioneer in quantum technology for over 20 years, with innovations including Quantum Key Distribution (QKD) for quantum-secure communications networks. The company’s research and development centers in Japan and the UK have conducted groundbreaking work in the quantum sphere. Quantonation, established in 2018, is one of the world’s largest venture capital funds specializing in quantum technology, with investments totaling €91 million across 27 startup companies.
Taro Shimada, CEO of Toshiba Corporation, and Christophe Jurczak, Managing Partner of Quantonation, have expressed their enthusiasm for this partnership, which is expected to drive technological advancements and economic growth on a global scale.
Toshiba Invests in Quantonation II to Advance Quantum Technology and Internet
Toshiba Corporation has announced a corporate venture capital investment in Quantonation II, a fund operated by Quantonation Ventures, a prominent quantum technology investment fund based in Europe and the US. This strategic partnership aims to accelerate research and development of quantum technology and advance the practical application of quantum-based services through collaboration with Quantonation and its portfolio companies.
Toshiba has been at the forefront of quantum technology research for over 20 years, with innovations including Quantum Key Distribution (QKD) for quantum-secure communications networks. The company’s Corporate Research & Development Center in Japan, Cambridge Research Laboratory, and the Quantum Technology Centre in the United Kingdom conduct groundbreaking research and development in the quantum sphere. This collaboration will complement Toshiba’s existing work and is expected to yield significant advancements in research and development, facilitating knowledge exchange between leading quantum hubs.
Quantonation II has already invested in 27 startup companies, including Pasqal, a global leader in neutral atoms computing, and Qubit Pharmaceuticals, a Computer Aided Drug Discovery company. With this investment, Toshiba aims to leverage Quantonation’s robust portfolio of pioneering quantum startups to bolster the global quantum ecosystem, accelerate the development and commercialization of quantum technologies and products, and spur the advance toward the quantum internet.
Strengthening Global Quantum Ecosystem Collaboration
The partnership between Toshiba and Quantonation will support companies in Quantonation’s portfolio by providing access to additional funding and direct collaboration with Toshiba. This will enable these startups to leverage Toshiba’s industry-leading quantum knowledge, accelerating their growth and development. The collaboration is expected to benefit not only Toshiba but also Quantonation’s current and future portfolio companies in terms of technology development, market access, and business development, especially in Japan, a significant market for Quantonation and its portfolio companies.
Taro Shimada, CEO of Toshiba Corporation, emphasized the company’s dedication to leading the quantum revolution and supporting the growth of innovative technologies that will define the future. Christophe Jurczak, Managing Partner of Quantonation, stated that the partnership will create a dynamic and collaborative environment, accelerating the development of cutting-edge quantum solutions and fostering a stronger, more cohesive quantum community spanning Europe and the Asia Pacific region.
Accelerating Quantum Innovation
The collaboration between Toshiba and Quantonation is poised to pave the way for a new era of quantum innovation. By bridging the European and Asia Pacific quantum ecosystems, the partnership will drive technological advancements and economic growth on a global scale. This strategic investment demonstrates Toshiba’s commitment to advancing quantum technology and its potential applications, including the development of the quantum internet.
Toshiba’s expertise in technology development and Quantonation’s portfolio of innovative startups are expected to bring transformative solutions to the market, enhancing global competitiveness. As the quantum industry continues to evolve, this partnership will play a significant role in shaping its future and realizing its potential.
About Toshiba Corporation and Quantonation
Toshiba Corporation is a global group of companies that combines knowledge and capabilities from almost 150 years of experience in a wide range of businesses. The company’s distinctive strengths support its goal of building infrastructure that everyone can enjoy, achieving carbon neutrality, and creating a circular economy.
Quantonation is the first early-stage VC fund dedicated to deep physics and quantum technologies. The fund aims to support the transition of these disruptive technologies into commercially available products, with investments in Europe, North America, and Asia-Pacific.
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