Infleqtion Quantum
The Infleqtion Quantum Series C Fundraiser Receives $100 Million
Infleqtion, a firm dedicated to the commercialization of atom-based quantum systems, has announced the successful completion of a $100 million Series C investment round. Existing, new, and strategic investors all backed the investment.
Glynn Capital, SAIC, S32, and Counterpoint Global (Morgan Stanley) are among the round’s major investors. The Wisconsin Alumni Research Foundation, Olive Ventures, Overmatch, S Ventures (SentinelOne), Breakthrough Victoria, Axial, Caruso Ventures, Cyfr Capital, Golden Vision Capital, Global Frontier, In-Q-Tel (IQT), LCP, Maverick, and the National Security Strategic Investment Fund (NSSIF) are among the other backers. Infleqtion’s only placement agent was J.P. Morgan.
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With a $200 million customer backlog and roughly $30 million in revenue last year, Infleqtion intends to use the financing to expand its atom-based quantum platforms and hasten the rollout of field-ready quantum devices. The company’s next phase of expansion is supposed to be fuelled by this cash, which will enable them to scale transformational technology with strategic partners.
Atoms, which are said to be the most promising route to scalable quantum advantage, are the foundation of the company’s technology. Currently, Infleqtion’s systems are used in both commercial and governmental initiatives worldwide. With aspirations to expand throughout North America, the United Kingdom, and Australia, they currently have over three dozen government and commercial initiatives in operation.
Atom-based computing, sensing, and precision timing systems are being actively commercialised by Infleqtion. The National Quantum Computing Centre (NQCC) in the United Kingdom is home to their neutral atom-based computer, Sqale, which is used in quantum computing. Additionally, the Science and Technology Agency (JST) chose Infleqtion as the sole international partner for quantum computing in Japan’s Quantum Moonshot program. Using its Superstaq compiler and Nvidia’s CUDA-Q platform, the business recently showcased a materials science innovation that is seen as a significant step towards scalable, fault-tolerant quantum computing. Contextual Machine Learning (CML), an AI system influenced by quantum mechanics and aimed at high-value defence and biotech applications, was also introduced.
As an industry leader in quantum-enabled positioning, navigation, and timing, Infleqtion is well-known in the sensing and precise timing fields. Their atomic clocks stand out for providing a quantum advantage over conventional systems, with precision gains of more than 100 times. The U.S. Department of Defence and NASA have already implemented these atomic clocks. Additionally, Infleqtion was awarded a DoD APFIT contract for $11 million for their mission-critical innovation in this field. They also use quantum radio frequency transmission and inertial navigation in their sensing technologies.
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An important component of Infleqtion’s strategy is strategic partnerships. The goal of a recent go-to-market collaboration with SAIC is to facilitate the further integration of Infleqtion’s quantum sensing technologies into aerospace and defence applications. Known as a premier mission integrator for government, military, and intelligence organisations, SAIC specialises in integrating systems such as inertial sensing, quantum radio frequency communication, and atomic clocks. “We are thrilled to collaborate with Infleqtion to expedite the delivery of quantum sensing and computing across their national defence and government customers,” said Lauren Knausenberger, CINO and Managing Director of Ventures at SAIC.
Infleqtion CEO Matt Kinsella said, “We are harnessing the power of quantum to solve the world’s most urgent and complex challenges,” in response to the funding. He went on to say that the money enables them to scale transformational technology with go-to-market friends and strategic partners that share their mission.
According to Charlie Friedland, a partner at Glynn Capital, quantum technology is quickly becoming crucial for both national security and commercial competitiveness. “Infleqtion’s atom-based systems are deployable, scalable, and poised to deliver necessary quantum solutions for industries and governments,” he said, praising the company for combining scientific depth with commercial execution. Knausenberger, of SAIC, went on to say that Infleqtion’s developments are in line with their goal of incorporating cutting-edge technologies into vital operations to improve warfighters’ safety, accuracy, and resilience.
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