Nanofiber Quantum Technologies, Inc.
16.9.2023 01:02:24 CEST | ACCESS Newswire | Press release
PALO ALTO, CA / ACCESSWIRE / September 15, 2023 / Nanofiber Quantum Technologies Inc. ("NanoQT") raised $8.5m from leading venture capital investors. Phoenix Venture Partners (PvP) in the US, and Japan's JAFCO Group Co Ltd, SPARX Group Co Ltd, Keio Innovation Initiative, Inc. (KII), and Waseda University Ventures (WUV) financed the round through convertible notes.
Founded in 2022, NanoQT is a leading startup company focused on fiber connectable quantum computing hardware. Unlike superconducting circuits and ion traps for quantum computing, NanoQT uses a technology called nanofiber cavity Quantum Electrodynamics (QED). This technology has been derived from over a decade of intensive research by Professor Takao Aoki at Waseda University, Japan, a leading expert in quantum computing and co-founder of NanoQT.
NanoQT owns a novel and proprietary quantum processing unit (QPU) that employs neutral atoms and photons as qubits, capable of processing and storing quantum information while communicating with other QPUs. Modularity and scalability of interconnected QPUs offer a unique platform for distributed quantum computing and quantum networks for a variety of useful applications. NanoQT's QPU aims to revolutionize quantum computing.
"While cavity QED has long been a recognized platform in quantum computing, developing the ideal cavity posed significant challenges. We've overcome these challenges using our proprietary QED technology," comments Dr. Akihisa Goban, NanoQT's CTO and co-founder, who studied cavity QED technologies under Professor Jeff Kimble at Caltech.
"We are thrilled with the support from our US and Japanese investors. We aim to spotlight our unique approach and its strengths. With the funding, our primary objective is to develop our proprietary QPU for quantum repeaters, an innovation not yet seen in the market," proclaims Dr. Masashi Hirose, NanoQT's CEO and co-founder, an MIT graduate and former McKinsey and Company consultant.
"For PvP, investing in NanoQT isn't merely another venture investment. This is our first investment in a Japan-origin startup. We are deeply impressed by NanoQT's innovative approach in the quantum hardware sector and are pleased to support their US expansion," expresses Dr. Nobi Kambe, General Partner of PvP.
"Our confidence in NanoQT's potential comes from its leadership. The investment is rooted in our belief in NanoQT's management team led by Dr. Hirose and Dr. Goban. We're confident they can assemble a global team well beyond Japan," comments Keisuke Miyoshi, the President and CEO of JAFCO.
Takaki Demichi, Director and Head of Mirai Creation Investment (SPARX), has a similar sentiment. "NanoQT's distinct approach doesn't just introduce novelty. It crucially addresses the longstanding challenge of connectivity, enhancing the scalability of quantum computers."
Naoji Nomura, Principal of KII, emphasizes that "NanoQT is an outstanding startup with extremely high potential for the global social implementation of moonshot-class quantum network technology, developed over many years at Japanese universities."
Dr. Hiroaki Ohta, General Partner of WUV, mentioned, "We are delighted to invest again, having supported NanoQT since the seed round. NanoQT has shown significant growth, especially in terms of collaborations, the R&D team, and intellectual property, which are fundamental for a hardware startup."
Fueled by this funding, NanoQT plans to accelerate its R&D, onboard talent from the US and Japan, and foster collaborations with academia and private corporations. With the Japan-US synergy, armed with cutting-edge technology, and oriented towards US-Japan collaborations, NanoQT aspires to exemplify global collaboration in the quantum computing field.
About Nanofiber Quantum Technologies, Inc.
Nanofiber Quantum Technologies (NanoQT) is a technology company that develops quantum processing units (QPU) using a novel and proprietary nanofiber cavity Quantum Electrodynamics (QED) system. NanoQT aims to develop connected QPUs that operate as quantum repeaters and distributed computational units. NanoQT currently operates in Tokyo, Japan, and California, US.
Nanofiber Quantum Technologies, NanoQT, and logo are trademarks of Nanofiber Quantum Technologies, Inc.
Contact Information
Dai Tsukada
Head of Operations
info@nano-qt.com
SOURCE: Nanofiber Quantum Technologies Inc.
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.View source version on accesswire.com:
https://www.accesswire.com/782714/quantum-computing-startup-nanofiber-quantum-technologies-secures-85m-funding
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Fermi Announces First Siemens Turbines Arrive at Port of Houston21.7.2026 22:30:00 CEST | Press release
Arrival marks an important milestone in the development of Fermi's Project Matador SGT6-5000F natural gas turbines will anchor what is expected to be the nation's largest combined-cycle natural gas project DALLAS, TX / ACCESS Newswire / July 21, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), today announced the arrival of three Siemens Energy SGT6-5000F natural gas turbines at the Port of Houston. Together, the three turbines are rated at up to 780 megawatts in simple-cycle mode. They are bound for Fermi's Project Matador, an advanced energy and AI campus near Amarillo, Texas. This marks one of the project's largest single power-equipment moves, and it keeps Fermi well ahead of competitors in bringing gigawatt-scale power online. The delivery is the latest in a fast run of milestones. Over the past couple of weeks, Fermi selected TSK, Spain's largest power-focused EPC firm, for early works on its phase-two turbines and brought in Prim
GA-ASI and MBDA Commit to Weapons Collaboration21.7.2026 16:00:00 CEST | Press release
Companies Will Integrate SPEAR Onto MQ-9B and Gambit 6 SAN DIEGO, CA / ACCESS Newswire / July 21, 2026 / General Atomics Aeronautical Systems, Inc. (GA-ASI) and MBDA have announced a commitment to integrate the European missile-maker's SPEAR precision strike weapons onto new aircraft built by the American uncrewed aircraft manufacturer. GA-ASI President David R. Alexander and MBDA UK Managing Director Chris Allam signed a memorandum of understanding that outlined the agreement at the Farnborough International Airshow 2026. The companies will work together to ensure the MQ-9B remotely piloted aircraft and Gambit 6 collaborative combat aircraft (CCA) can carry and use the SPEAR weapons. "We've built an excellent business relationship with MBDA as part of the integration of the Brimstone missile onto the UK's Protector," said Mr. Alexander. "So, working with MBDA to enable SPEAR on our broader MQ-9B line, and our Gambit CCA, feels like a very natural extension of our partnership." Protect
CHAR Tech Welcomes France's Regulatory Advance Opening Biogas Certificate Support to Pyrolysis21.7.2026 14:00:00 CEST | Press release
TORONTO, ON / ACCESS Newswire / July 21, 2026 / (TSXV:YES)(OTC PINK:CTRNF)(FSE:68K) France proposes opening its flagship renewable gas support scheme (the CPB) to pyrolysis, putting CHAR Tech's HTP technology on the same footing as established production routes in one of Europe's largest gas markets Directly strengthens the HTP project pipeline being developed in France by CHAR Tech's partner GazoTech GazoTech's lead project, Bio-Méthane Provence, is being developed to deploy CHAR Tech's HTP platform to process 115,000 tonnes of recovered wood annually, producing 230 GWh (828,000 GJ) of RNG plus 12,000 tonnes of biocarbon, targeting commercial operations in H2 2029 CHAR Technologies Ltd. ("CHAR Tech" or "the Company"), a leader in sustainable biomass energy solutions, today welcomed a significant regulatory development in France that, if adopted, would open the country's flagship long-term support mechanism for renewable gas to pyrolysis-based production. The development materially str
Fermi Announces Second Quarter 2026 Earnings Release and Call Date20.7.2026 22:30:00 CEST | Press release
Fermi to host earnings call on August 13, 2026 DALLAS, TX / ACCESS Newswire / July 20, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), announced today that it plans to release second quarter 2026 financial results at 7 a.m. Eastern Time / 12 p.m. British Time on Thursday, August 13, 2026. This announcement will be followed by an earnings conference call at 9 a.m. Eastern Time / 2 p.m. British Time. The Company's earnings release and supplemental information will be posted to the Investors section of the Company's website prior to the conference call. To join the live conference call, dial 888-506-0062 in the U.S. or +1 973-528-0011 internationally approximately 15 minutes prior to the scheduled start time and refer to conference code 587288. The call will also be webcast in a listen-only mode and can be accessed through the Investor Relations Events & Presentations page of Fermi's website. A replay of the webcast will be available for
GA-ASI and KONGSBERG Advance JSM Integration for MQ-9B20.7.2026 12:05:00 CEST | Press release
Companies Bring Joint Strike Missile Weapon System to Leading Uncrewed Platform SAN DIEGO, CA / ACCESS Newswire / July 20, 2026 / General Atomics Aeronautical Systems, Inc. (GA-ASI) and KONGSBERG Gruppen ASA (KONGSBERG) completed the System Requirements Review (SRR) and Preliminary Design Review (PDR) for the integration of the Joint Strike Missile (JSM) weapon system onto MQ-9B. This design and integration effort is a jointly funded project by both companies aimed at providing long-range strike capability for MQ-9B and its customers. These reviews were successfully completed in Kongsberg, Norway, on June 30. MQ-9B is an industry-leading uncrewed aircraft system (UAS) manufactured by GA-ASI and includes the SkyGuardian® and SeaGuardian® models. KONGSBERG produces the JSM, a best-in-class weapon system for use against high-priority targets. "We recognize the value JSM brings to our MQ-9B platform," said Niki Johnson, GA-ASI Vice President, International Capture and Government Affairs. "
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom