Qolab Raises $54.2M Series B for Superconducting Quantum Computing

July 8, 2026

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Qolab, a quantum computing hardware company based in Los Angeles, California, has announced $54.2 million in Series B financing and commitments led by UC Investments, with participation from existing investors WARF, Octave Ventures, and Phoenix Venture Partners.

The $54.2 million figure includes Series B preferred stock, the conversion of $12.6 million in convertible securities, and a commitment for another $10 million in future convertible securities.

Qolab is developing utility scale superconducting quantum computers, pairing deep physics and engineering work with semiconductor partnerships as it works toward fault tolerant quantum computing. The money will support those semiconductor collaborations, further technology development, and manufacturing scale-up.

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