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Data Center News > Blog > Investments > ZuriQ Raises $4.2M in Seed Funding
Investments

ZuriQ Raises $4.2M in Seed Funding

Last updated: January 25, 2025 3:54 am
Published January 25, 2025
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ZuriQ Raises $4.2M in Seed Funding
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ZuriQ, a Zurich, Switzerland-based quantum computer systems firm, raised $4.2M in Seed funding.

The spherical was led by Founderful with participation from SquareOne, First Momentum Ventures, OnSight Ventures and QAI Ventures.

The corporate intends to make use of the funds to broaden operations and its growth efforts.

Based by Shreyans Jain, Tobias Saegesser and Pavel Hrmo, ZuriQ is an ETH Zurich spin-out constructing a quantum laptop with scalability at its coronary heart. Its quantum computer systems use excellent qubits, particular person trapped atomic ions, organized in reconfigurable 2-dimensional lattices. Gadgets utilizing this sort of qubit have already demonstrated the highest-fidelity operations throughout platforms in small techniques with tens of qubits in a 1-dimensional structure, however qubit quantity scaling is restricted.

The techniques will probably be repeatedly upgraded because the {hardware} matures, with explicit deal with purposes requiring excessive knowledge privateness, comparable to monetary portfolio optimization or drug design.

FinSMEs

24/01/2025

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See also  Squarespace to Go Private in $6.9B All-Cash Deal with Permira
TAGGED: 4.2M, Funding, Raises, Seed, ZuriQ
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