Paris-based startup C12 Quantum Electronics raises 10M$ Seed round to help accelerate the development of the company's unique quantum computing technology: a qubit, built from an ultra-pure carbon nanotube, suspended above a silicon chip, that minimizes error rates for quantum computers.
360 Capital leads the round, alongside bpifrance (Digital Venture Fund), Airbus Ventures, BNP Paribas Développement, and renowned BAs including Octave Klaba (founder of OVHCloud).
Founded in January 2020 by Matthieu and Pierre Desjardins, alongside scientists - Takis Kontos, Research Director at CNRS, Matthieu Delbecq and Jérémie Viennot, C12 has crystallized a team of the world's most accomplished experts in quantum electronics and carbon nanotube science to materialize their vision of a revolutionary quantum computing processor.
With this round, C12 aims to expand its team with cutting-edge tech developers and engineers, and to establish a high-tech pilot production line, designed to include nanotube growth facilities, nano-assembly equipments, etc.
'We believe C12 Quantum Electronics has a real chance to overcome the
significant productization challenges that have held back the revolutionary promise of Quantum Computing'
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360 Capital Management SA published this content on 08 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2021 14:10:01 UTC.
