Quantum Circuits

company

About

QCI aims to develop, manufacture, and sell the first practical and useful quantum computers based on superconducting devices.

  • 11 - 50

Details

Last Funding Type
Series A
Last Funding Money Raised
$18M
Industries
Computer,Manufacturing,Quantum Computing,Software
Founded date
Jan 1, 2015
Number Of Employee
11 - 50
Operating Status
Active

Quantum Circuits, Inc. (QCI) is a private venture founded in late 2015. QCI’s long-term goal is to develop, manufacture, and sell the first practical and useful quantum computers based on superconducting devices. Along the way to building a quantum computer, QCI will commercialize the components, devices, and software that will accelerate basic research and enable the scaling of quantum computing.

“Quantum circuits” has a double meaning. First, the name indicates that QCI is focusing on the quantum circuit model for quantum computation, which enables universal and fault-tolerant operations using error correction. Second, our technology relies on quantum circuits – electrical devices using superconducting Josephson junctions that can act as solid-state quantum bits, or qubits.

QCI was founded by three scientists from the Department of Applied Physics at Yale University: Michel Devoret, Luigi Frunzio, and Robert Schoelkopf. They are world-leading experts in quantum devices and quantum information processing with solid-state devices, with a decades-long record of innovation in new devices, techniques, and fundamental concepts. Their group has produced many scientific firsts, including the development of a “quantum bus” for entangling qubits with wires, the first implementation of a quantum algorithm with a solid-state device, and the demonstration of solid-state qubits with scalable levels of coherence.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$18M
Quantum Circuits has raised a total of $18M in funding over 2 rounds. Their latest funding was raised on Nov 13, 2017 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 13, 2017 Series A $18M 1 Sequoia Capital Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Quantum Circuits is funded by 1 investors. Sequoia Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Sequoia Capital Yes Series A