Equal1 Receives Multimillion Euro Funding Round Bringing Total Funding to €10 million ($11.6M USD)

Equal1, a startup developing silicon based quantum processors based in Dublin, Ireland and Fremont, California, has received a multimillion Euro funding round from venture firm btov Industrial Technologies and previous investors Atlantic Bridge, 808 Ventures and Enterprise Ireland.. This brings the total amount of funding to the company to date of over €10 million ($11.6M USD). Dr. Christian Reitberger, partner at btov, has joined Equal1's Board of Directors and Declan O’Mahoney has been appointed as Equal's Non-Executive Chairman of its Board of Directors. Equal1 has been developing a quantum processor based upon spin qubit technology that operates at a relatively warm temperature of 3.7 Kelvin. The advantage of this approach is that it would eliminate the need for a large and costly dilution refrigerator and potentially allow providing the quantum computing in a desktop computer form factor. They have already create a demonstrator system called Alice and are working on a next generation system codenamed Aquarius that is expected to be completed within the next 24 months. More information about their technology is available in an article that we posted in May. Additional information about this funding can be found in a news release posted by Equal1 and available here.

3D CAD Rendering of the Aquarius System in a Desktop Form Factor. Credit: Equal1

October 5, 2021