On June 2, Infleqtion announced a $100 million Series C funding round backed by new, existing, and strategic investors, including Glynn Capital, Counterpoint Global (Morgan Stanley), S32, SAIC and others. Having generated almost $30 million in revenue last year and backed by a customer pipeline topping $200 million, Infleqtion will use this investment to scale its atom-based quantum platforms and accelerate deployment of field-ready quantum systems that address today’s most demanding real-world challenges.
“We are harnessing the power of quantum to solve the world’s most urgent and complex challenges.” said Matt Kinsella, CEO of Infleqtion. “This funding fuels our next phase of growth, allowing us to scale transformative technologies with strategic partners who share our vision and serve as go-to-market allies, helping to secure nations and power the next generation of intelligent systems.”
“Quantum technology is fast becoming essential to both economic competitiveness and national security and we believe it will fundamentally reshape the global landscape.” said Charlie Friedland, partner at Glynn Capital. “Infleqtion stands out for its combination of scientific depth and commercial execution. Their atom-based systems are deployable, scalable, and poised to deliver the quantum solutions industries and governments need.”
Infleqtion’s technology is built on atoms, the most promising path to scalable quantum advantage, and is currently deployed in government and commercial programs around the world. Sqale, Infleqtion’s neutral atom-based quantum computer, is installed at the National Quantum Computing Centre (NQCC) in the United Kingdom and the company was selected by Japan’s Science and Technology Agency (JST) as the only foreign quantum computing partner in the Quantum Moonshot program, according to the company.
Source: Infleqtion
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