ColdQuanta has just announced it has raised $32M in Series A funding, with additional funding expected to close soon. The round was co-led by Global Frontier Investments and LCP Quantum Partners, with current investor Maverick Ventures and new investor Foundry Group also participating. The funding will be used to advance the development of quantum computers, quantum positioning systems, and real-time quantum signal processing based on ColdQuanta’s Quantum Core™ technology.
With the addition of the Series A funding, the total amount raised by the company is $48.75M. ColdQuanta has also been awarded cumulative R&D funding from government contracts and grants of over $30M.