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ColdQuanta Closes $6.75M Equity Investment in Quantum Technologies

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ColdQuanta, a developer of laser-cooled and ultracold atom-enabled quantum technologies, has received $6.75 million in seed financing from investors led by Maverick Ventures, with participation from Global Frontier Investments. The funding will be used to commercialize ColdQuanta’s ultracold neutral atom technology in the areas of secure quantum communications, neutral atom quantum computing, and quantum metrology. To date, ColdQuanta has been internally financed through contract and product revenue since its founding in 2007. Matthew Kinsella of Maverick and Grant Dollens...Read full article

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