Nanofiber Quantum Technologies (NanoQT), a quantum computing company pioneering ultra-low-loss nanofiber cavity-QED interconnects for quantum processors, has announced the first closing of its USD 14 million Series A financing.\u00a0<\/p>\n
Phoenix Venture Partners (PVP), an existing investor, led the round with participation from Brevan Howard Macro Venture Fund, a new investor. Existing investors WASEDA University Ventures, JAFCO Group, Mirai Creation Fund III (SPARX Asset Management), and Keio Innovation Initiative also participated, according to a media release.<\/p>\n
Headquartered in Palo Alto, California, the company has operations in College Park, Maryland and Tokyo, Japan. The financing follows more than USD 20 million in government R&D grants across Japan and the United States that support NanoQT\u2019s roadmap.\u00a0<\/p>\n
\u201cAn interconnect engineered for QPUs is the missing link in today\u2019s market and will soon be a major bottleneck to achieving scalable fault-tolerant quantum computing,\u201d said Masashi Hirose, CEO and Co-Founder of NanoQT. \u201cOur proprietary nanofiber-cavity interconnect is highly demanded not only for scaling up quantum computing but also for integrating QPUs with quantum communication capabilities.\u201d<\/p>\n
\u201cWe are delighted to continue supporting NanoQT\u2019s breakthrough,\u201d said Nobi Kambe, Managing General Partner at Phoenix Venture Partners (PVP). \u201cNanoQT has demonstrated steady R&D progress, and we believe the company will deliver a disruptive impact in the quantum computing and networking field.\u201d\u00a0<\/p>\n
The quantum interconnect is an emerging, critical device class, essential not only for modularizing quantum processors but also for extending them into networked and communication-enabled systems. NanoQT\u2019s approach is an ultra-low-loss nanofiber cavity that functions as an end-to-end fiber-optic interconnect, enabling extremely efficient conversion of qubit signals into photonic signals\u00a0\u2014 a capability fundamentally grounded in cavity quantum electrodynamics (QED), the media release said.<\/p>\n
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