2022 Q1 Global Quantum Financing Report: 18 companies raised $700 million
According to the statistics of ICV, a well-known cutting-edge technology consulting company, in 2021, global quantum technology companies have completed 50 financings totaling US$3.2 billion. Entering 2022, the financing of quantum technology companies will still maintain rapid growth. Also according to ICV statistics, in Q1 of the first quarter of 2022, global quantum technology companies completed 18 financings totaling US$700 million.The financing is as follows:
1.Pixel Photonics raises €1.45 million
On March 30, 2022, Pixel Photonics has received 1.45 million euros in seed round financing from German venture capital fund High-Tech Gründerfonds (HTGF), French quantum venture capital fund Quantonation, and photonics industry veteran Dr. Hendrik Sabert.
With this funding, Pixel Photonics will further expand its international team in Germany and its Center for Nanotechnology (CeNTech) facility in Münster and accelerate the commercialization of its products.
In addition, Pixel Photonics will benefit from Quantonation's outstanding international network in quantum technologies, as well as HTGF's broad industrial technology portfolio.
Link:
https://pixelphotonics.com/news/
2. QunaSys raises $10 million in series B funding
March 28, 2022, QunaSys Inc. ("QunaSys") is one of the world's leading developers of innovative algorithms in chemistry, focused on accelerating the development of quantum technology applications. It has raised $10 million in a Series B round led by JIC Venture Growth Investments ("VGI"), ANRI, Fujitsu Venture Fund LLC, Global Brain, HPC Systems Inc., JST SUCCESS Program, MUFJ Capital , Shinsei Corporate Investment Limited and Zeon Corporation participated. At the same time, QunaSys announced that it has entered into agreements with Zeon Corporation, Fujitsu Ltd. and HPC Sytems Inc. for capital cooperation and business alliances. The investment represents significant progress for QunaSys since its last funding round in 2019.
Link:
https://qunasys.com/news/posts/boopltovid-i
3. Sandbox AQ raises $100 million
Jack Hidary, CEO of Sandbox AQ
In March, the Sandbox team officially broke away from Alphabet and established an enterprise SaaS company called Sandbox AQ. AQ stands for Artificial Intelligence (AI) and Quantum (Quantum), which will provide customers with solutions that utilize quantum technology and artificial intelligence.
Sandbox AQ is developing commercial products for telecommunications, financial services, healthcare, government, computer security and other computing-intensive industries. The company's 55 engineers, scientists and technologists collaborate across a wide range of fields (physics, chemistry, artificial intelligence, neuroscience, cryptography, mathematics and other disciplines) to develop practical solutions for a wide range of use cases.
The company received a nine-figure ($100 million) financing from investors including Breyer Capital, Eric Schmidt, Thomas Tull (founder and CEO of Tulco, LLC), First Light Capital Group, T. Rowe Price Associates, Guggenheim Investments led by Scott Minerd, TIME Ventures by Marc Benioff, David Siegel (co-founder of Two Sigma), Bradley M. Bloom (co-founder and former managing director of Berkshire Partners LLC), Section 32, Parkway Venture Capital and other leading funds.
Link:
https://mp.weixin.qq.com/s/RLgfaBKUoomweiYc8cnEnQ
4. Alice & Bob raises €27 million
On March 10th, Alice & Bob completed a Series A round of financing with 27 million euros to advance the next phase of the goal - commercializing the technology and realizing the vision of mass-produced quantum computers. This round of financing was led by Bpifrance’s digital venture fund and Supernova Invest, with participation from existing investors Elaia and Breega.
Link:
https://thequantuminsider.com/2022/03/10/alice-bob-raises-27-million-euros-to-capitalize-on-scientific-advance/
5. Zero Point Motion raises £2.58 million
March 7, 2022 News, Zero Point Motion, a fabless silicon chip company headquartered in Bristol, UK, will use photonics to change the way we perceive motion. The £2.58 million seed round was led by Foresight-Williams Technology, Verve Ventures and u‑blox, a global technology leader in positioning, wireless communications and services. The investment will go towards a state-of-the-art laboratory in Bristol, as well as a massive recruitment drive to accelerate the development of photonic inertial sensor chips.
The optical sensing technology used by Zero Point Motion comes from a field of research known as "cavity optomechanics," which has revolutionized gravitational wave detection and quantum research. By integrating these technologies into the sensor chip architecture of smartphones, cars and game controllers, Zero Point Motion increases sensitivity and performance by more than 100 times, reducing positioning errors and enabling longer periods of time without GNSS Time tracking and improved stability of handheld or head-mounted devices.
Link:
https://zeropointmotion.com/news/a-photonic-renaissance-zero-point-motions-258m-seed-round-paves-way-for-new-navigation-amp-motion-sensing-chips
6. Turing Quantum completed the Pre-A+ round of financing
On February 28, 2022, three months after the completion of hundreds of millions of Pre-A rounds of financing, Turing Quantum, the first domestic optical quantum computing company, announced on the 18th that it had completed the third round of Pre-A+ rounds of financing. This round of financing was led by Yuanhe Yuandian, with the participation of well-known domestic investment institutions such as Wuxi Binhu International Investment, and the old shareholders Legend Capital and Amber Capital continued to increase their investment. The funds raised will be mainly used to build the application ecology of optical quantum computing and intelligent industrialization. So far, Turing Quantum, which has been established for less than a year, has completed three large rounds of financing, with a cumulative financing amount of over 500 million yuan.
Link:
https://mp.weixin.qq.com/s/W--FI87RgJjGJo3nSR-ROg
7. QuantrolOx raises £1.4 million
On February 24, 2022, QuantrolOx announced that it had raised £1.4 million in seed funding to scale up quantum computing, led by Nielsen Ventures and Hoxton Ventures. Voima Ventures, Remus Capital, Dr. Hermann Hauser and Laurent Caraffa also participated in the round. QuantrolOx is developing machine learning-based automated control software for quantum technologies to tune, stabilize and optimize qubits.
QuantrolOx is building automated machine learning-based control software for quantum technologies to tune, stabilize and optimize qubits. Quantum computers require thousands of qubits, but due to uncertainties in control instrumentation, fabrication and design, qubits have subtle variations that require different sets of control parameters to make each qubit usable. A complex process is required to realize a practical quantum computer. As the number of qubits increases, it becomes more difficult and meaningful to turn and characterize them.
QuantrolOx's software is technology-agnostic and works with all types of quantum technology. However, the company's original target was solid-state qubits, which the team has already demonstrated to have enormous practical benefits.
Link:
https://quantrolox.com/quantrolox-raise-funding/
8. Super.tech receives $1.65 million grant
On February 24, 2022, Super.tech was selected to receive a $1.65 million grant from the U.S. Department of Energy to release SupermarQ, an application-centric quantum computer benchmarking suite.
The company is a participant in the Duality Accelerator (the first quantum company incubator in the U.S.) and Argonne National Laboratory's Chain Reaction Innovation Program, and was founded in 2020 by Dr. Pranav Gokhale and Seymour Goodman Professor Fred Chong of the University of Chicago's Department of Computer Science.
Link:
https://www.dualityaccelerator.com/2022/02/24/super-tech-releases-new-benchmarking-suite/
9. Classiq raises $33 million
On February 17, 2022, Classiq, which provides a breakthrough platform for the design of quantum algorithms, announced that it has raised $33 million in Series B financing.
Hewlett Packard Pathfinder, the venture capital program of Hewlett Packard Enterprise (HPE), insurance company Phoenix, Stanford University alumni investment group Spike Ventures, and Samsung NEXT are new investors in the company. The round also included individual investments from Lip-Bu Tan and Harvey Jones, joining existing investors Wing VC, Team8, entre Capital, Sumitomo Corp. (via IN Venture) and OurCrowd. The new funding round brings Classiq's total funding to $48 million over a 20-month period.
Link:
https://www.classiq.io/insights/33m-series-b
10. D-wave Systems raises $340 million
On February 28, 2022, D-Wave, a global leader in quantum computing systems, software and services, announced plans to go public through a merger with DPCM Capital Corporation (SPAC). The business combination will generate gross proceeds of up to $340 million, including $40 million in private financing from PSP Investments, Goldman Sachs Asset Management, NEC Corporation, Yorkville Advisors and Aegis Group Partners. The combined company has an estimated implied market value of up to $1.6 billion.
Link:
https://www.dwavesys.com/company/newsroom/press-release/d-wave-a-global-leader-in-quantum-computing-systems-software-services-announces-plans-to-bring-commercial- quantum-computing-to-public-markets-via-transaction-with-dpcm-capital-inc/
11. Nord Quantique raises $9.5 million
On February 9, 2022, Nord Quantique, a Canada-based quantum computing technology startup, has raised a seed round of C$9.5 million. The round was led by BDC Capital's Deep Tech Venture Fund and Quantonation VC, with participation from Real Ventures. The company intends to use the funds to accelerate growth and expand operations and product development efforts.
Link:
https://www.finsmes.com/2022/02/nord-quantique-secures-cad-9-5m-in-seed-funding.html
12. Algorithmiq raises $4 million
On February 2, 2022, Algorithmiq, a life sciences company headquartered in Helsinki, Finland, using quantum computing to solve currently unsolvable problems, raised $4 million in seed funding. Investors include Jorma Ollila (Nokia/Shell), Haakon Overli (Dawn Capital), Thames Trust (Lord Jim O'Neill), David Helgason (Foobar/Unity3D), Tiger Global, Feroz Dewan (Arena Holdings), Keenan Rice (TokyoBlack/LookerGoogle/Firebolt), K5 Global, and other European and American angel investors and entrepreneurs.
Link:
https://www.finsmes.com/2022/02/algorithmiq-raises-4m-in-seed-funding.html
13. QSpace Technologies raises 71.7 million rubles
On January 28, 2022, QSpace Technologies raised 71.7 million rubles (about $900,000) from Gazprom to create quantum satellite communications in Russia. The company's investment will allow it to start building a small satellite with a quantum transmitter.
Specifically, the investment will be used to build the first phase of a small CubeSat equipped with a quantum key distribution system transmitter. In the future, the researchers plan to launch the small vehicle into space, using the launcher as a payload. The satellite is scheduled to launch in 2023.
Link:
https://rqc.ru/article/qspace-raised-1-million-from-gazprombank-to-create
14. PQShield raises $20 million in Series A funding
On January 26, 2022, PQShield raised $20 million in Series A funding. The round was led by Addition, with participation from existing investors Oxford Science Enterprises and Crane. PQShield will use the investment to accelerate the development of leading quantum cryptography products for hardware, software and communications. Industries such as semiconductor, defense, automotive OEM, industrial Internet of Things, and technology consulting have seen a surge in demand for the company's products as the world realizes the enormous threat to cryptography.
Link:
https://pqshield.com/pqshield-raises-20-million-series-a-to-fuel-global-growth/
15. HQS Quantum Simulations raises €12 million
On January 25, 2022, HQS Quantum Simulations, Europe’s leading start-up for complex quantum simulations, announced the completion of its Series A financing, securing more than 12 million euros and new research funding.
French quantum venture capital fund Quantonation led the round as a new investor; existing investors UVC Partners, btov Industrial Technologies and HTGF also added investment. HQS Quantum Simulations provides software for the first quantum computer made in Germany.
With the new funding infusion, HQS Quantum Simulations is looking to enhance its HQS Quantum Aided Design cloud platform while expanding its open source library called Active Space Finder. Thanks to the capital secured by the new round of financing, HQS Quantum Simulations will seek to further strengthen its position as Europe's leading software provider in the field of quantum simulation.
Link:
https://quantumsimulations.de/news/hqs-quantum-simulations-brings-in-12-million-euros-in-series-a
16. Aegiq raises £3.5 million
Aegiq, a startup developing quantum photonic technology, has raised £3.5 million in seed funding. The round was led by tech firm grunderfonds, with participation from Deepbridge Capital and business angel investors, plus existing investment from Innovate UK.
Link:
https://ain.capital/2022/02/02/aegiq-raises-4-8m-for-its-quantum-technologies/
17. Atom Computing raises $60 million in Series B funding
On January 20, 2022, quantum computing company Atom Computing announced the completion of a $60 million Series B financing, which developed a quantum computer based on neutral nuclear spin qubits. Third Point Ventures led the round, followed by insiders like Prime Movers Lab and Innovation destinations, Venrock and Prelude Ventures. Following the completion of their first 100-qubit quantum computing system (with a world-record 40-second coherence time), Atom Computing will use the new investment to build a second-generation quantum computing system and commercialize the technology.
Link:
https://atom-computing.com/atom-computing-raises-60m-series-b-to-build-second-generation-quantum-computing-systems/
18. Terra Quantum raises $60 million
On January 20, 2022, Terra Quantum, one of the leading quantum technology companies in Europe, announced the completion of a $60 million Series A financing, focusing on providing an end-to-end technology platform that provides customers with a true quantum advantage.
Terra Quantum has assembled one of the largest quantum technology teams in the world, focusing on algorithms, software, quantum computing and quantum security, targeting a global customer base. Customers can benefit from Terra Quantum's market-leading position as a solution provider capable of delivering quantum advantage at today's commercial scale. Through its proprietary quantum cloud, Terra Quantum is able to provide its customers with a unique end-to-end quantum-as-a-service technology platform.
Link:
https://terraquantum.swiss/2022/01/25/terra-quantum-has-raised-60m-to-accelerate-deployment-of-their-quantum-as-a-service-technology-2/
