# Qunnect

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qunnect

- Industry: Telecoms
- Headquarters: New York, US
- Website: www.qunnect.inc
- Total disclosed funding: $13M
- Latest round: Series A (Jan 21, 2025)
- Investors on record: 8

## About

Qunnect, Inc. is a technology company focused on converting telecommunications infrastructure into scalable quantum networks through advanced hardware, offering innovative solutions for secure data transmission and enhanced computational capabilities.Founded in 2017 in New York, US, Qunnect, Inc. specializes in quantum networking solutions. The company was co-founded by Mael Flament and Mehdi Namazi, with Noel Goddard serving as CEO. Qunnect has successfully raised USD 7.17 mn in Series A funding on September 7, 2022, led by Airbus Ventures with contributions from other investors, totaling USD 7.17 mn raised to date, and holds a current valuation of USD 35.21 mn.Qunnect specializes in developing innovative hardware that transforms existing telecommunications infrastructure into scalable quantum networks. Their core offerings include advanced quantum memory devices aimed at overcoming the fragility of entangled states in fiber optic cables, essential for efficient quantum communication. These products operate at room temperature while maintaining high quantum performance, targeting secure data transmission and enhanced computational capabilities for a diverse client base that includes telecommunications companies and research institutions across North America and Europe.Qunnect generates revenue primarily through direct business-to-business transactions with telecommunications providers and research organizations. Transactions may involve partnerships where clients integrate Qunnect's quantum memory systems into their networks, possibly under multi-year agreements for ongoing support and upgrades. Their flagship products include the first commercially available Quantum Memory, offered through one-time purchase agreements and potential subscription services for technical support and software updates, ensuring long-term relationships with clients.Following the Series A funding round in September 2022, Qunnect plans to introduce new products, boost production, and develop its service offerings. The funding will support these initiatives, enabling the company to enhance its market presence and accelerate product development, targeting further expansion in both North American and European markets.

## Funding rounds

- Series A, Jan 21, 2025, $5M — Cisco Investments, Airbus Ventures, Quantonation
- Series A, Sep 7, 2022, $7.2M — Motus Ventures, Airbus Ventures, New York Venture Partners, Impact Science Ventures, Quantonation, SandboxAQ
- Seed, Jan 7, 2020, $0.8M — Accelerate New York Seed Fund, Quantonation

## Investors

- Accelerate New York Seed Fund — Seed
- Quantonation (https://capitalatlas.ai/funds/quantonation) — Seed, Series A
- Motus Ventures (https://capitalatlas.ai/funds/motus-ventures) — Series A
- Airbus Ventures (https://capitalatlas.ai/funds/airbus-ventures) — Series A
- New York Venture Partners (https://capitalatlas.ai/funds/new-york-venture-partners) — Series A
- Impact Science Ventures (https://capitalatlas.ai/funds/impact-science-ventures) — Series A
- SandboxAQ — Series A
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series A