A new quantum computing startup co-founded by a Waterloo Engineering professor is accelerating toward commercialization with $10.7 million in funding and a public listing just six months after launch.
QuantumCore — spun out of research at the University of Waterloo's Institute for Quantum Computing (IQC) — is developing an amplifier that boosts read-out signals from superconducting quantum chips operating at near absolute zero temperatures. Since October 2025, the startup has closed two rounds of private funding totalling $9 million through non-brokered and brokered private placements, was publicly listed on the Canadian Securities Exchange earlier this month, and secured an additional $1.7 million through NSERC's Alliance Grant program as an IQC industry partner.
Dr. Christopher Wilson, a professor in the Department of Electrical and Computer Engineering and IQC faculty member, is chief technology officer and co-founder of QuantumCore alongside CEO Eugene Profis. The company's amplifier addresses one of the hardest engineering challenges in quantum computing: getting signals out of the quantum chip from ultracold to room temperature — a necessary capability for the next generation of quantum processors. Since launching, QuantumCore has hired five full-time technical staff and opened an office and lab in uptown Waterloo, complementing its operations at Waterloo's Quantum Nano Fabrication and Characterization Facility.
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