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Data Center News > Blog > Investments > Qolab Receives Investment from Applied Ventures
Investments

Qolab Receives Investment from Applied Ventures

Last updated: March 17, 2025 1:22 pm
Published March 17, 2025
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Qolab, Los Angeles, CA-based quantum computing {hardware} firm, obtained an funding from Utilized Ventures.

The quantity of the deal was not disclosed.

The corporate intends to make use of the funds to speed up the event and manufacturing of superconducting qubits.

Led by CEO Alan Ho, Qolab is a quantum computing {hardware} firm targeted on growing high-coherence superconducting qubits and scalable quantum architectures. Past the funding, Qolab and Utilized Supplies have collaborated to develop an in depth technical roadmap paper titled “The way to Construct a Quantum Supercomputer: Scaling from Lots of to Hundreds of thousands of Qubits” (https://arxiv.org/abs/2411.10406), a paper that outlines a technique for attaining scalable quantum computing architectures.

FinSMEs

17/03/2025

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See also  Bugcrowd Receives $50M Growth Capital Facility from Silicon Valley Bank
TAGGED: Applied, Investment, Qolab, receives, Ventures
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