Quantum computing startup Nanofiber Quantum Applied sciences has secured $8.5 million in funding

Quantum computing startup Nanofiber Quantum Applied sciences has secured $8.5 million in funding

NanoQT is a number one startup targeted on fibre-plugable quantum computing gadgets

Palo Alto, California, and Tokyo, September 18, 2023 (JCN Newswire): Nanofiber Quantum Applied sciences, Inc. has… (“NanoQT”) $8.5 million from main enterprise capital buyers. Phoenix Enterprise Companions (PvP) within the US and JAFCO Group Co. Ltd. Japan, and SPARX Group Co., Ltd. Ltd., and Keio Innovation Institute, Inc. (KII), and Waseda College Ventures (WUV) funded the spherical by means of convertible notes.

Based in 2022, NanoQT is a number one startup targeted on fibre-plugable quantum computing gadgets. Not like the superconducting circuits and ion traps of quantum computing, NanoQT makes use of a expertise referred to as nanofiber cavity quantum electrodynamics (QED). The expertise was derived from greater than a decade of intensive analysis performed by Professor Takao Aoki at Waseda College in Japan, a number one knowledgeable in quantum computing and co-founder of NanoQT.

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NanoQT has a brand new, proprietary quantum processing unit (QPU) that makes use of impartial atoms and photons within the type of qubits, and is ready to course of and retailer quantum info whereas speaking with different QPUs. The modularity and scalability of interconnected QPUs supplies a novel platform for distributed quantum computing and quantum networks for a wide range of helpful purposes. NanoQT’s QPU goals to revolutionize quantum computing.

“Though cavity QED has lengthy been a acknowledged platform in quantum computing, growing an excellent cavity presents vital challenges. Now we have overcome these challenges with our QED expertise.” Dr. Akihisa Goban, NanoQT’s CTO and co-founder, studied QED cavitation strategies beneath the supervision of Professor Jeff Kimball at Caltech.

“We’re happy with the assist we’re receiving from our US and Japanese buyers. We goal to spotlight our distinctive strategy and its strengths. “With the financing, our main aim is to develop our QPU for quantum repeaters, an innovation that we’ve got not but seen out there,” mentioned Dr. Masashi. Hirose, CEO and co-founder of NanoQT, is an MIT graduate and former advisor to McKinsey and Firm.

“For PvP, investing in NanoQT isn’t just one other enterprise funding. That is our first funding in a startup of Japanese origin. “We’re big admirers of NanoQT’s revolutionary strategy to the quantum {hardware} sector and are completely happy to assist its growth into the US,” he expressed. About him: Dr. Nobby Kambi, Normal Companion of PvP.

“Our confidence in NanoQT’s potential comes from its management. The funding is predicated on our perception in NanoQT’s administration workforce, led by Dr. Hirose and Dr. Joban. We’re assured of their capacity to assemble a world-class workforce outdoors of Japan,” commented Keisuke Miyoshi, President and CEO of JAFCO.

Takaaki Dimichi, director and president of Mirai Creation Funding (SPARX), has comparable sentiments. “NanoQT’s differentiated strategy not solely delivers innovation. It decisively addresses the long-standing problem of connectivity, enhancing scalability in quantum computer systems.

“NanoQT is an excellent startup with very excessive potential for international social implementation of Moonshot-class quantum networking expertise, which has been developed over a few years at Japanese universities,” asserts Naoji Nomura, Director of KII.

“We’re happy to take a position once more, having supported NanoQT because the seed spherical,” mentioned Dr. Hiroaki Ota, Normal Companion of WUV. NanoQT has proven vital progress, particularly by way of collaboration, R&D workforce and mental property, that are key to a {hardware} startup.

With the assist of this funding, NanoQT plans to speed up R&D, convey on board expertise from america and Japan, and strengthen collaboration with academia and personal corporations. By means of the synergy between Japan and america, and armed with cutting-edge expertise and oriented towards cooperation between america and Japan, NanoQT aspires to embody international cooperation within the discipline of quantum computing.

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