Irish quantum computing start-up may raise $50m in coming years
+ Equal1, which has around 13 employees in Ireland, is developing a new type of quantum computer based on CMOS – a complementary metal-oxide semiconductor.
+ Unlike current quantum computers, which require very high costs to operate quantum bits frozen at a temperature of 15mK (-273°C), the Equal1 quantum processing unit can operate at higher temperatures, significantly reducing its size.
Irish quantum computing hardware start-up Equal1.Labs could raise up to $50m (€41m) in the next number of years.
+ The firm, which has a site in the US, was founded by Dr Dirk Leipold, Dr George Maxim, Mike Asker and Professor R Bogdan Staszewski and is a spin-out from the UCD School of Electrical and Electronic Engineering. Atlantic Bridge invested in Equal1 through the University Bridge Fund to support the fabrication of its first quantum processor chip
+ Atlantic Bridge has invested in Equal1 through the University Bridge Fund to support the fabrication of the company’s first quantum processor chip.
+ “We have a technology that will enable quantum computing in a very simple fashion,” said O’Mahoney. “We are very excited about that.”
Source: Independent.ie. Sean Pollock, Irish quantum computing start-up may raise $50m in coming years…
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