Equal1 Wins €10 Million ($11.2M USD) In Grant/Equity Funding

Equal, a quantum hardware startup with headquarters in Dublin, Ireland, received the award from the European Innovation Council (EIC) to work on quantum-enhanced machine learning. The funds will be provided in a mixture of grants and equity investment. Equal1 was one of 99 companies based in 21 different countries that have received funding under the EIC program. Equal1 is a spinout of University College Dublin and has been developing a silicon-based qubit technology with a focus of applying it to ML applications. They previously had received €10 million ($11.6M USD) in venture investments with the latest round announced last October. For more, you can view a news release from Equal1 available on their website here and a more detailed description of the EIC funding program on their website here.

December 20, 2021