We are pleased to highlight the announcement that memQ has closed a $10M Series A financing, co-led by Quantonation and Ocean Azul Partners, with participation from both existing and new investors, including Yaletown Partners. The company continues to establish itself as a leader in quantum networking solutions that enable scalable, distributed quantum computing.
Quantum networking is emerging as a foundational layer for the next generation of quantum technologies. memQ’s platform - spanning quantum network interface controllers, quantum memory, distributed control and workload orchestration - is designed to allow quantum systems to interconnect and scale across architectures and distances.
Eric Bukovinsky, Partner at Yaletown Partners said: “As quantum deployments mature, networking becomes a major technological challenge. MemQ's technology enables networking of quantum computers across different types of systems, using traditional telecommunications infrastructure. We are excited to support the company as it demonstrates its leading technology anchored in Chicago's renowned quantum research ecosystem.”.
As long-term investors in the quantum ecosystem, we’re excited to support memQ as they build the infrastructure required for the industry’s next phase of growth.
