Startup Funding: November 2020
Key points…
+ Quantum computer builder IQM drew €39M (~$46.1M) in Series A funding; the startup focuses on superconducting quantum processors and the co-design of application-specific quantum hardware. IQM was recently chosen by the Finnish government to help build a five-qubit quantum computer within a year, leading to a 50-qubit device by 2024. Quantum software startup Zapata Computing raised $38.0M in a Series B round; Zapata provides a quantum computing workflow management platform that optimizes performance of quantum hardware, provides data analytics, and works on classical hardware. ColdQuanta raised $32.0M in a Series A round; the company manufactures components, instruments, and turnkey systems for a range of cold and ultracold atom applications including quantum computing, global positioning, signal processing, and communications.
Table: Selected companies funded in November 2020. Source: Semiconductor Engineering
Source: Semiconductor Engineering. Jesse Allen, Startup Funding: November 2020…
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