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Seeqc Secures $22.4 Million In Series A Round; Strategic Investment Led By EQT Ventures

Sep 16, 2020•almost 5 years ago

Amount Raised

$22 Million

Round Type

series a

Elmsford

Description

Seeqc, the Digital Quantum Computing company, today announced it has secured a total of $22.4 million in its Series A fundraising, led by the EQT Ventures fund (“EQT Ventures”), to advance commercially viable application-specific quantum computing systems. In addition to EQT Ventures, one of the largest venture capital funds in Europe, Swedish-based FAM AB, a privately owned holding company owned by the three largest Wallenberg Foundations, also participated in the round. Ted Persson, Partner and investment advisor at EQT Ventures, will also join Seeqc’s board of directors.

Company Information

Company

Seeqc

Location

Elmsford, New York, United States

About

Seeqc is developing the first fully digital quantum computing platform for global businesses. Seeqc combines classical and quantum technologies to address the efficiency, stability and cost issues endemic to quantum computing systems. The company applies classical and quantum technology through digital readout and control technology and a unique chip-scale architecture. Seeqc’s quantum system provides the energy- and cost-efficiency, speed and digital control required to make quantum computing useful and bring the first commercially-scalable, problem-specific quantum computing applications to market.

Funding Insights

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