SEEQC Secures $30 Million for Quantum Computing Advancements
SEEQC, a pioneering company in digital quantum computing, has secured $30 million in funding to accelerate the development and commercialization of its full-stack quantum computing platform. This significant investment was led by NordicNinja and Booz Allen Ventures, with participation from SIP Capital, alongside existing investors EQT Ventures, M-Ventures (Merck KGaA, Darmstadt Germany), BlueYard Capital, FAM, and Asset Management.
SEEQC’s innovative approach to quantum computing involves integrating quantum and classical functions onto a single digital processor, operating at ultra-low temperatures alongside qubits. This proprietary Single Flux Quantum (SFQ) technology replaces bulky, mixed analog/digital hardware with a chip-based system, significantly reducing costs by up to 97% and energy usage by 100,000 times compared to classical chips. The platform is designed to scale quantum computers to millions of qubits, enabling near-term applications and fault-tolerant quantum computing.
The funding will be utilized to drive SEEQC’s next-generation chip technology, expand real-time on-chip error correction capabilities, and deepen integrations with industry partners like NVIDIA and BASF. SEEQC’s platform is already being used in collaborations with NASA, the U.S. Department of Energy, and leading academic institutions.
SEEQC’s mission is to transition quantum computing from lab experiments to scalable, enterprise-grade systems. The company’s technology has the potential to overcome critical hardware bottlenecks and unlock quantum’s full potential for AI, enterprise applications, and beyond. The investment underscores the confidence of investors in SEEQC’s ability to lead the quantum computing industry towards commercial viability.
SEEQC’s recent funding follows a series of significant milestones, including securing $22.4 million in Series A funding led by EQT Ventures in 2022. The company has also been awarded grants from NASA and the Air Force Research Laboratory, further validating its innovative approach to quantum computing.
The company’s focus on industries like chemical engineering, machine learning/AI, manufacturing, and pharmaceutical development positions it well to address the efficiency, stability, and cost issues endemic to quantum computing systems. SEEQC’s unique chip-scale architecture and digital readout and control technology are key to making quantum computing useful and bringing the first commercially-scalable, problem-specific quantum computing applications to market.
With this latest funding, SEEQC is poised to accelerate its development and commercialization efforts, further solidifying its position as a leader in digital chip-based quantum computing systems. The company’s commitment to advancing quantum computing technology and its strategic partnerships with industry leaders are critical steps towards realizing the full potential of quantum computing.
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