ColdQuanta Receives $32 Million in Series A Funding

The round was led by Global Frontier Investments and LCP Quantum Partners with additional participation from Maverick Ventures and Foundry Group. ColdQuanta, founded in 2007 as a spin-off from the University of Colorado, Boulder, utilizes cold atom technology for the development of quantum computers, quantum positioning systems, and real-time quantum signal processing based on ColdQuanta’s Quantum Core™ technology. This brings to total amount of funding the company has received to date to $48.75 million. The company has already received government contracts and other awards of $30 million since its founding. Additional information is available in the news release from ColdQuanta here.

November 5, 2020