Quantum Circuits
Latest round
- Series B
Last raised
- May 2024
Total raised
- $71M
Investors
- 13
About Quantum Circuits
Founded in 2015 and based in Connecticut, US, Quantum Circuits, Inc. operates as a developer of quantum computers based on superconducting devices. Robert Schoelkopf co-founded the firm. As of 2024, the company is headed by its CEO Ray Smets., a portfolio company of Draper Fisher Jurvetson, BDC Capital, GrowthWorks Capital, Discovery Capital Management, 180 Degree Capital, International Investment & Underwriting, Yorkville Advisors, Pender Ventures, Goldman Sachs Asset Management, In-Q-Tel, Sustainable Development Technology Canada, and Aegis Group Partners, agreed to acquire Quantum Circuits, Inc. from ARCH Venture Partners, Canaan Partners, OUP (Osage University Partners), Connecticut Innovations, F-Prime Capital, In-Q-Tel, Tribeca Venture Partners, Fitz Gate Ventures, Prime Capital, Hither Creek Ventures, and Peak XV Partners. The acquisition totaled USD 550 million, with USD 300 million paid in common stock and USD 250 million in cash. QCI’s core technology revolves around superconducting quantum circuits, which are central to its quantum computing systems. The company’s hardware is designed with embedded quantum error correction to help with reliability and scalability. QCI’s modular approach to building quantum computers allows for the scaling of computational power by connecting additional modules. Additionally, QCI provides a full-stack software service that enables complex algorithm execution and quantum computing capabilities via the cloud.
Who invested in Quantum Circuits
13 investors across 3 rounds
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Questions about Quantum Circuits
Who invested in Quantum Circuits?
Quantum Circuits has 13 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Quantum Circuits raised?
Quantum Circuits has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Quantum Circuits last raise money?
Quantum Circuits's most recent round on record is a Series B, in May 2024.
What does Quantum Circuits do?
Founded in 2015 and based in Connecticut, US, Quantum Circuits, Inc.
Where is Quantum Circuits headquartered?
Quantum Circuits is headquartered in New Haven, US.
Which VCs invest in companies like Quantum Circuits?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back hardware companies at Quantum Circuits's stage. Their profiles are linked below.
VCs backing hardware startups at Series B
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