Quantum-Safe Communications Startup Qunnect Raises $8 Million
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Quantum-Protected Communications Startup Qunnect Raises $eight Million
By Ionut Arghire on October 06, 2022
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Quantum-secure networking gadgets maker Qunnect this week introduced elevating $eight million in a Collection A funding spherical that brings the entire funding within the firm to $12.four million.
The brand new funding spherical was led by Airbus Ventures, with extra participation from Influence Science Ventures, Motus Ventures, NY Ventures, Quantonation, and SandboxAQ.
The New York-based firm emerged in 2017 as a spin-off enterprise from the Quantum Info Expertise group at Stony Brook college, specializing in the engineering of quantum-secure networking options that may be deployed on current telecom infrastructure.
Qunnect, which began promoting the world’s first quantum reminiscence final 12 months, plans to ship its first-generation product suite in 2023, to supply a business distributed entanglement community.
The corporate additionally goals to develop lengthy distance quantum communication protocols that ought to eradicate the vulnerabilities and safety dangers of first-generation Quantum Key Distribution methods.
Qunnect says it would use the brand new funds to advance product growth, scale manufacturing, and construct a multi-node R&D quantum community testbed that might be related to the prevailing fiber optic cable in New York Metropolis.
“This testbed will open the door for patrons in monetary companies, important infrastructure, and telecom to check our applied sciences within the New York metropolitan space. This mission permits us to showcase our first-of-their-kind quantum reminiscence and entanglement sources, in addition to our quantum community assist {hardware} for exact timing and qubit stabilization,” Qunnect CEO Noel Goddard mentioned.
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