Lightsynq Comes Out of Stealth with $18M in Series A Funding to Scale Quantum Computing [Yahoo! Finance]
MURATA MFG INC UNSP/ADR (MRAAY)
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Source: Yahoo! Finance
BOSTON, November 19, 2024 BUSINESS WIRE Lightsynq Technologies Inc. , a startup developing quantum interconnect technology solutions for commercial use, today announced it has raised approximately $18 million in Series A funding. The round was led by Cerberus Ventures, the venture investing platform of Cerberus Capital Management, L.P. (Cerberus), with participation from Murata Electronics North America Inc., IAG Capital Partners, Safar Partners, QVT, Element Six and In-Q-Tel (IQT). Founded by former Harvard quantum networking experts and Amazon Web Services (AWS) Center for Quantum Networking leaders, Dr. Mihir Bhaskar (CEO), Dr. Bart Machielse (CTO) and Dr. David Levonian (CPO), Lightsynq is developing state-of-the-art optical quantum interconnects that enable hardware providers to link quantum processors. Lightsynq's technology will help solve the core challenge of linking together individual quantum computers into a broader network, overcoming the limitations of single system s
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