Phasecraft raises $34M for quantum computing applications

Phasecraft, a London-based quantum computing startup, has raised $34 million (~€31.5M) in Series B funding to accelerate development of algorithms that make noisy quantum computers useful for real-world problems. The round was co-led by Playground Global, Plural, and Novo Holdings’ Quantum Fund, marking Novo’s first direct investment in quantum software. 𝗥𝗘𝗔𝗗 𝗧𝗛𝗘 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 👉 https://lnkd.in/dUwEbJYB Meredith Bell Dave Grimm Neil Cameron Grace Wilkinson Ashley Montanaro Abhishek Khedkar Toby Cubitt Josh Blake Sarah Harrison Joel Klassen Gabriele Maroso Dana Mead Filippo Maria Gambetta Cat Mora Mark Gaffney Lana Mineh Vishal Sharma, Ph.D. Stasja Stanisic Harry McMullan John Morton Raul Garcia-Patron Sanchez Michael Kreshchuk Glenn Jones Adrian Chapman Max Hunter Gordon Brian Flynn Dhrumil Patel Marcos Crichigno Marika Svensson Nikitas Stamatopoulos #Startups #Founders #FundingNews #VentureCapital #QuantumComputing #PrivateEquity #SeriesB

Quantinuum, a four-year-old startup based in Broomfield, CO, that develops quantum computing hardware and software and builds full-stack systems for scientific, commercial, and industrial use, raised a $600 million round at a $10 billion pre-money valuation, double the valuation of its previous January 2024 round. Investors included Quanta Computer, NVentures, QED Investors, MESH, and Korea Investment Partners as well as previous investors JPMorgan Chase, Mitsui, Amgen, Cambridge Quantum Holdings, Serendipity Capital, and Honeywell. https://lnkd.in/dXwfHiJn

IQM Quantum Computers has raised $320 million in a funding round led by Ten Eleven Ventures, with participation from Tesi, boosting the Finnish quantum computing startup to unicorn status. CEO and co-founder Jan Goetz shared plans for technology and global expansion, highlighting IQM's ambitions to rival industry giants like Google and IBM, as well as recent investor momentum in the quantum computing sector. Ryan Browne | CNBC https://lnkd.in/e-zAqKiN #Venture #VentureCapital #VC

Venture Capital Fuels European Quantum Software Pioneer Phasecraft, a UK-based quantum software startup, has secured $34 million in funding to accelerate its efforts in developing quantum algorithms for real-world applications—particularly in pharmaceuticals and energy sectors. This investment will support plans to double its 40-person team and expand R&D operations. Why It Matters Moving Toward Quantum Advantage Phasecraft is pushing the boundaries of quantum computing by providing software that can run on hardware platforms from Google, IBM, Quantinuum, and QuEra. The company’s goal is to achieve "quantum advantage," where quantum systems outperform classical counterparts in meaningful tasks.

We're thrilled to share some incredible news from our client, the Finnish quantum computing leader, IQM Quantum Computers. They have secured a historic $320M Series B funding round! This is a huge milestone on their lab-to-market journey and officially the largest Series B raise ever in the quantum sector, as well as the largest quantum raise in Europe. This landmark investment, led by their first U.S. investor Ten Eleven Ventures, is a major step in IQM's lab-to-market journey. The funding is set to: - Accelerate IQM's tech roadmap toward the development of fault-tolerant, error-corrected systems, pushing closer to the goal of one million qubits. - Fuel their global expansion, particularly in the U.S. and other key markets. - Scale their data centre infrastructure and assembly lines, a vital step toward broad commercial adoption. Huge congratulations to IQM's team on this fantastic achievement. Learn more: https://lnkd.in/dq_bz3bE #IQM #QuantumComputing #SeriesB #DeepTech #LabToMarket #Funding

Espoo-based IQM Quantum Computers, a company specialised in full-stack superconducting quantum computers, has raised €275M in funding. This round marks the largest Series B raise ever in the quantum space, both in Europe and outside of the US. Read more about the deal here: https://lnkd.in/gQjmka3x Jan Goetz, Ten Eleven Ventures, Tesi, Alex Doll, Bayern Kapital #SiliconCanals #News #Funding

IQM Quantum Computers, the Espoo-based builder of full-stack superconducting quantum systems, has raised €275M in a record-breaking Series B round, bringing its total funding to $600M (€514M) and valuing the company at unicorn status. The round was co-led by Ten Eleven Ventures, the cybersecurity-focused U.S. investment firm, alongside Finnish investor Tesi. Additional backing came from pension funds Elo and Varma, strategic investors Schwarz Group and Winbond Electronics, as well as sovereign funds EIC and Bayern Kapital. Goldman Sachs International acted as placement agent. 𝗥𝗘𝗔𝗗 𝗧𝗛𝗘 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 👉 https://lnkd.in/dWXtzKS3 Helmut Jeggle Sylwia Barthel de Weydenthal Linda Mauerer Andreas Theer Dr. Peter Eder Jan Goetz Kuan Yen Tan Milja Kalliosaari Stefan Rank Juha Hassel Jan Kuerschner Sourav Majumder Alexia López Timo Harakka Max Haeberlein Markku Räsänen Inés De Vega Thomas Oehl Erik Niemi Dr. Stefan Seegerer Rodrigo Silva Ekaterina Almasque Jouni Flyktman Juha Vartiainen Tomi Riipinen Blair Robertson Soren Hein Vincent A. Juha Lehtola Michael Bruce, MCIPR Ofer SHOSHAN #Startups #Unicorns #Founders #FundingNews #QuantumComputing #VentureCapital #PrivateEquity

Singapore is Positioning Itself As a Global Hub in Quantum Computing - Actively Attracting Global Investments, Startups and Talents. #QuantumComputing #VentureCapital #PrivateEquity #GlobalStartups

Espoo-based IQM Quantum Computers, a company specialised in full-stack superconducting quantum computers, has raised €275M in funding. This round marks the largest Series B raise ever in the quantum space, both in Europe and outside of the US. Read more here: https://lnkd.in/gg8CkJ8c Jan Goetz, Ten Eleven Ventures, Tesi, Alex Doll

QuEra Computing, a Boston-based quantum computing startup, has secured a significant investment of $230 million through a convertible note. This round was led by prominent investors such as Google and SoftBank, with participation from Valor Equity Partners and other existing investors. The funds will be used to propel QuEra's next phase of growth, focusing on developing a fully functional quantum computer within the next three to five years. This investment marks a substantial leap for QuEra, which has previously raised just under $50 million, including a $17 million round in 2021. The company aims to power scalable and useable quantum computing solutions. Find out more at: https://lnkd.in/gtM7qt78 #QuantumComputing #QuEraComputing #GoogleInvestment #QuantumTechnology #FutureOfComputing #StartupFunding