RCS - Nanofiber Quantum - Nanofiber Quantum Technologies Raises $8.5m
18/09/2023 08:15
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RNS Number : 0510M Nanofiber Quantum Technologies Inc. 18 September 2023
Quantum Computing Startup-Nanofiber Quantum Technologies Secures $8.5m Funding
PALO ALTO, CA / ACCESSWIRE / September 18, 2023 / Nanofiber Quantum
Technologies Inc.
(https://stats.newswire.com/x/html?final=aHR0cHM6Ly93d3cubmFuby1xdC5jb20&sig=kd20h99eaJRYwa5wHn40gt1UJLaorn8Vk0wwBNiaGFC1hkub9C6vJQobr3BT9E-5leiFuOXrF8oHFWXzDJvrfw&hit%2Csum=WyI0MGJqYXciLCI0MGJqYXgiLCI0MGJqYXkiXQ)
("NanoQT") raised $8.5m from leading venture capital investors. Phoenix
Venture Partners (PvP) in the US, and Japan's JAFCO Group Co Ltd, SPARX Group
Co Ltd, Keio Innovation Initiative, Inc. (KII), and Waseda University Ventures
(WUV) financed the round through convertible notes.
Founded in 2022, NanoQT is a leading startup company focused on fiber
connectable quantum computing hardware. Unlike superconducting circuits and
ion traps for quantum computing, NanoQT uses a technology called nanofiber
cavity Quantum Electrodynamics (QED). This technology has been derived from
over a decade of intensive research by Professor Takao Aoki at Waseda
University, Japan, a leading expert in quantum computing and co-founder of
NanoQT.
NanoQT owns a novel and proprietary quantum processing unit (QPU) that employs
neutral atoms and photons as qubits, capable of processing and storing quantum
information while communicating with other QPUs. Modularity and scalability of
interconnected QPUs offer a unique platform for distributed quantum computing
and quantum networks for a variety of useful applications. NanoQT's QPU aims
to revolutionize quantum computing.
"While cavity QED has long been a recognized platform in quantum computing,
developing the ideal cavity posed significant challenges. We've overcome these
challenges using our proprietary QED technology," comments Dr. Akihisa Goban,
NanoQT's CTO and co-founder, who studied cavity QED technologies under
Professor Jeff Kimble at Caltech.
"We are thrilled with the support from our US and Japanese investors. We aim
to spotlight our unique approach and its strengths. With the funding, our
primary objective is to develop our proprietary QPU for quantum repeaters, an
innovation not yet seen in the market," proclaims Dr. Masashi Hirose, NanoQT's
CEO and co-founder, an MIT graduate and former McKinsey and Company
consultant.
"For PvP, investing in NanoQT isn't merely another venture investment. This is
our first investment in a Japan-origin startup. We are deeply impressed by
NanoQT's innovative approach in the quantum hardware sector and are pleased to
support their US expansion," expresses Dr. Nobi Kambe, General Partner of PvP.
"Our confidence in NanoQT's potential comes from its leadership. The
investment is rooted in our belief in NanoQT's management team led by Dr.
Hirose and Dr. Goban. We're confident they can assemble a global team well
beyond Japan," comments Keisuke Miyoshi, the President and CEO of JAFCO.
Takaki Demichi, Director and Head of Mirai Creation Investment (SPARX), has a
similar sentiment. "NanoQT's distinct approach doesn't just introduce novelty.
It crucially addresses the longstanding challenge of connectivity, enhancing
the scalability of quantum computers."
Naoji Nomura, Principal of KII, emphasizes that "NanoQT is an outstanding
startup with extremely high potential for the global social implementation of
moonshot-class quantum network technology, developed over many years at
Japanese universities."
Dr. Hiroaki Ohta, General Partner of WUV, mentioned, "We are delighted to
invest again, having supported NanoQT since the seed round. NanoQT has shown
significant growth, especially in terms of collaborations, the R&D team,
and intellectual property, which are fundamental for a hardware startup."
Fueled by this funding, NanoQT plans to accelerate its R&D, onboard talent
from the US and Japan, and foster collaborations with academia and private
corporations. With the Japan-US synergy, armed with cutting-edge technology,
and oriented towards US-Japan collaborations, NanoQT aspires to exemplify
global collaboration in the quantum computing field.
About Nanofiber Quantum Technologies, Inc.
Nanofiber Quantum Technologies (NanoQT) is a technology company that develops
quantum processing units (QPU) using a novel and proprietary nanofiber cavity
Quantum Electrodynamics (QED) system. NanoQT aims to develop connected QPUs
that operate as quantum repeaters and distributed computational units. NanoQT
currently operates in Tokyo, Japan, and California, US.
Nanofiber Quantum Technologies, NanoQT, and logo are trademarks of Nanofiber
Quantum Technologies, Inc.
Contact Information
Dai Tsukada
Head of Operations
info@nano-qt.com (mailto:info@nano-qt.com)
SOURCE: Nanofiber Quantum Technologies Inc.
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