Atlantic Quantum Emerges from MIT’s Engineering Quantum Systems Lab, Raises $9M Seed Funding to Make Large-Scale Quantum Computing a Reality

James Dargan | The Quantum Insider
JULY 22, 2022

Atlantic Quantum, a developer of scalable quantum computers, today announced a $9 million seed investment 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 technical 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.

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.

Complete article from The Quantum Insider.

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