Qunnect, a quantum internet technologies company, has raised $8m from a Series A round headed by Airbus Ventures.
Also taking part in the round were NY Ventures, Impact Science Ventures, SandboxAQ, Quantonation and Motus Ventures.
Qunnect is developing quantum-secure networking technology designed for scalable deployment on existing telecom fiber infrastructure.
The company’s products, including an entangled photon source, are key enablers for applications in quantum sensing and computing. Qunnect claims its true value will be in the integration of these technologies, into a holistic suite to realize long distance quantum communication protocols.
These protocols, Qunnect said, eliminate the vulnerabilities of first-generation Quantum Key Distribution systems, which are fundamentally limited in distance and require relay nodes to scale, resulting in security risks.
Qunnect claims the new funds will be used to further develop their product suite, scale manufacturing and launch a multi-node R&D quantum network testbed to demonstrate entanglement distribution protocols.
Qunnect CEO Noel Goddard said, “We are very proud to announce the establishment of our state-of-the-art testbed in the US, especially significant news, given the announcement of the Nobel Prize for the elegant physics enabling quantum communication. This testbed will open the door for customers in financial services, critical infrastructure, and telecom to test our technologies in the New York metropolitan area.
“This project allows us to showcase our first-of-their-kind quantum memory and entanglement sources, as well as our quantum network support hardware for precise timing and qubit stabilization. On this journey, we are thrilled to have the support of Airbus Ventures, a leading quantum investor who shares our vision of developing quantum technologies to lead the next wave of ultra-secure communications.”
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