Insider Brief
Qubic has raised an oversubscribed $2.5 million USD ($3.5 million CAD) seed funding round to accelerate commercialization of its cryogenic amplifier technology and quantum sensing platform.
The company develops low-noise cryogenic amplifiers designed to reduce heat dissipation in quantum computing systems, addressing a key challenge in scaling quantum hardware.
Funding will support amplifier development, manufacturing expansion, team growth, and the development of RF quantum sensing applications for defense and communications.
PRESS RELEASE — Qubic, a quantum technology company developing low-noise cryogenic amplifiers solving one of the major bottlenecks for scaling for quantum computing and with promising applications in sensing and defence, today announces it has closed an oversubscribed round of venture capital financing in the amount of $2.5 million USD ($3.5 million CAD). The investment was led by Two Small Fish Ventures, with participation from UC Investments, Quantacet and UCeed. The financing will be deployed to accelerate the development and commercialization of the technology, build out greater manufacturing capability, and bring to market an RF quantum sensing platform.
