Seeqc raises $5M to help make quantum computing commercially practical
Seeqc, a start-up that becomes part of a fairly brand-new class of quantum computing business that is taking a look at how to finest use classical computing to handle quantum processors, today announced that it has raised $5 million from M Ventures, the tactical corporate venture capital arm of Merck, the German pharmaceutical giant. Merck will be […] With this, New York state-based Seeqc has now raised a total of $11 million, consisting of a recent $6.8 million seed round that consisted of BlueYard Capital, Cambium, NewLab and the Partnership Fund for New York City. As a company representative told me, the concept behind Seeqc is to bring today’s room-sized quantum computer systems down to a more workable scale.”We’re delighted to be working with a world-leading group and fab on one of the most pressing concerns in modern quantum computing,” says Owen Lozman, vice president at M Ventures.” We acknowledge that scaling the present generations of superconducting quantum computers beyond the noisy intermediate-scale quantum period will require basic modifications in qubit control and wiring. …
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