Atlantic Quantum, a Cambridge, MA-based developer of scalable quantum computers, has announced a $9 million seed investment.
The round was led by The Engine, the venture firm spun out of MIT that invests in early-stage Tough Tech companies. Other participating investors include Thomas Tull, Glasswing Ventures, Future Labs Capital, and E14.
The capital will fuel technology development and further Atlantic Quantum’s mission to develop superconducting quantum computers with the quality and size needed to tackle the world's hardest computational challenges.
Company: Atlantic Quantum
Raised: $9.0M
Round: Seed Round
Funding Month: July 2022
Lead Investors: The Engine
Additional Investors: Thomas Tull, Glasswing Ventures, Future Labs Capital, and E14
Company Website: https://www.atlantic-qc.com/
Software Category: Developer of scalable quantum computers
About the Company: Atlantic Quantum was founded in spring 2022 by a team of scientists and researchers from one of the world’s top quantum computing labs, the Engineering Quantum Systems (EQuS) group at MIT led by Prof. William D. Oliver and Principal Research Scientist Simon Gustavsson. The group has previously reached significant scientific milestones for quantum computing, including state-of-the-art qubit coherence times and record gate fidelities, and large-scale system integration. The Engine spun out of MIT, invests in early-stage companies solving the world’s biggest problems through a convergence of breakthrough science, engineering, and leadership. We accelerate the path to market for Tough Tech companies through the combination of capital, infrastructure, and network.
Source: https://www.businesswire.com/news/home/20220721005037/en/Atlantic-Quantum-Emerges-from-MIT%E2%80%99s-Engineering-Quantum-Systems-Lab-Raises-9M-Seed-Funding-to-Make-Large-Scale-Quantum-Computing-a-Reality