Cambridge Quantum Computing Finalizes $ 45 Million Financing

Cambridge Quantum Computing Finalizes _ 45 Million Financing

Cambridge Quantum ComputingCQC ) has successfully completed a $ 45 million financing from investors including Honeywell Ventures, IBM Ventures, JSR Corporation, Serendipity Capital, Alvarium Investments and Talipot Holdings to further accelerate the commercialization and consolidation of its leadership position in quantum computing software and applications.

“As quantum hardware continues to advance and grow, enterprise customers in a variety of industries are beginning to appreciate how quantum computing will impact their operations, and we have begun to see the benefits of our first product goal,” said Ilyas. Khan , CEO of Cambridge Quantum Computing.

“From cybersecurity to quantum chemistry and materials discovery using our class-leading software platform, ‘EUMEN’, and our integrated quantum software development toolkit,  t | ket>  (pronounced ‘ticket’), CQC is at the forefront of the quantum computing industry, “explained Khan. “This fund has allowed us to move forward with our ambitious plans. With the support of investors who have absolute alignment of interests, this is vital for long-term success.”

In 2020, CQC launched enterprise-grade software products in the areas of cybersecurity and quantum chemistry, in addition to adding its growing portfolio of clients and partners within the Fortune Global 500 from the United States, Europe, and Asia.

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Murray Grainger , Managing Director and Head of Honeywell Ventures, commented: “We are delighted to have added to our primary investment in CQC. CQC has a world-class team, an ambition that fits in this exciting industry, plus the vital tools that they add real value to the quantum computing industry. “

Eric Johnson , CEO of JSR Corporation, explained: “We have enjoyed a collaborative relationship with Cambridge Quantum for the past three years. We are delighted to be a part of this successful funding opportunity and continue our exciting journey with CQC and others. investors “.

Robert Jesudason , CEO and CIO at Serendipity Capital, explained: “CQC has made significant progress in becoming a global leader in quantum software. There is a milestone in commercialization within all of its products, spanning from the quantum chemistry to cybersecurity. We have been very impressed by the equipment and progress made in scientific and engineering development, as well as the ability to execute.

Roger McKinlay , UK Research and Development Challenges Director for Quantum Technologies, said: “Our ambition is for the UK to be the number one place to start and grow quantum computing companies. I congratulate CQC on this achievement, and I’m very happy to see investor support of this importance.

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