ColdQuanta Announces Closing of $6.75M Equity Investment Focused on Quantum Communications, Sensing and Computing Markets

Date 26th, Jul 2018
Source Business Wire - General News Websites

DESCRIPTION

BOULDER, Colo.--(BUSINESS WIRE)--ColdQuanta Inc. today announced $6.75M in Seed financing led by Maverick Ventures, with participation from Global Frontier Investments. The funding will be used to commercialize ColdQuanta’s foundational ultracold neutral atom technology in the areas of secure quantum communications, neutral atom quantum computing, and quantum metrology (including timekeeping and navigation). To date, ColdQuanta has been internally financed through contract and product revenue s