Startup Funding: October 2020

Quantum computing & photonics

Selected companies that raised venture funding in October 2020. Source: Semiconductor Engineering

+  Quantum photonics startup Nu Quantum raised £2.1M (~$2.7M) in seed funding led by Amadeus Capital Partners and joined by Ahren Innovation Capital, IQ Capital, Cambridge Enterprise, Martlet Capital, and Seraphim Capital. Nu Quantum develops room-temperature quantum devices which can emit and detect single photons and has created a quantum random number generator that uses the measurement of single-photons to generate streams of random numbers. Funding will go towards recruitment, R&D, and building a state-of-the-art photonics lab in Cambridge, U.K., where the company is based. It was founded in 2018 as a spin out from the University of Cambridge and has raised $3.6M to date.

Source:  Semiconductor Engineering.  Jesse Allen,  Startup Funding: October 2020…

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