ColdQuanta, ̽»¨ÊÓƵ startup, closes additional $10M in seed financing

Ìýa ̽»¨ÊÓƵ spinout company co-founded byÌýPhysics Professor , recently closed $10M in additional seed round equity financing from its current investors, Maverick Ventures and Global Frontier Investments. This brings total investment from private and public sources to approximately $24MÌýover the past 18 months. TheÌýfunding will be used to advance the development of ColdQuanta’s cold atom Quantum Coreâ„¢ technology (right), the foundation for the company’s development of quantum computers.

ColdQuanta leads the market in commercializing quantum atomics, the next wave of the information age. Quantum Coreâ„¢ uses ultra-cold atoms—cooled to a temperature of nearly absolute zero—using lasers to manipulate and control the atoms with extreme precision. The companyÌýmanufactures components, instruments, and turnkey systems that address a broad spectrum of applications ranging from timekeeping and navigation to quantum computing, and from radiofrequency (RF) receivers to quantum communications systems.

Anderson, who currently serves as ColdQuanta's chief technical officer, co-founded the company in 2007 to further his ultracold atom research and create commercial applications for the technology with licensing support from Venture Partners at ̽»¨ÊÓƵ. He is also a fellowÌýofÌý, a joint institute of ̽»¨ÊÓƵ and theÌýNational Institute of Standards and TechnologyÌý(NIST).

³Õ¾±²õ¾±³ÙÌýÌýto learn more about ̽»¨ÊÓƵ inventions and related support, or read the .