A quantum technology company co-founded by University of Waterloo Electrical and Computer Engineering (ECE) professor, Dr. Chris Wilson, announced today the closing of approximately $4.69 million in new financing.
Wilson is co-founder and chief technology officer of QuantumCore, a Waterloo-based company that grew out of research at Waterloo’s Institute for Quantum Computing (IQC), where he is also a faculty member. The company is focused on developing hardware technologies for quantum computing.
QuantumCore is developing specialized hardware to support increasingly advanced quantum computing systems. Its technologies include superconducting quantum amplifiers and single-photon detector solutions, designed to address technical challenges that become more significant as quantum computers scale. The company is continuing to build its technology portfolio through internal research and development and strategic acquisitions.
The latest investment will support QuantumCore as it continues developing its technology and growing the company. The announcement follows another significant milestone in April, when QuantumCore announced $10.7 million in funding as it worked toward bringing its technology to market.
QuantumCore’s growth builds on years of work by Wilson and researchers at Waterloo, with work that began in the lab now forming the foundation of a growing Waterloo-based quantum technology company.
Read the QuantumCore announcement.
