Insider Brief
Quantum networking startup Arq has raised a $1.4 million pre-seed funding round led by Ground State Ventures, with participation from Big Sur Ventures, to accelerate development of quantum repeater technology for the future quantum internet.
Arq is developing a multiplexed quantum repeater based on rare-earth-doped crystal quantum memories and photon-pair sources, designed to connect quantum computers over long distances more reliably, quickly, and cost-effectively than existing approaches.
The funding will support a new laboratory focused on advancing the reproducibility and reliability of Arq‘s quantum memory devices as the company works toward commercial networking products for sectors including telecommunications, finance, pharmaceuticals, and healthcare.
PRESS RELEASE — Quantum technology startup Arq has raised a $1.4 million pre-seed round led by Ground State Ventures, joined by Big Sur Ventures, to accelerate the development of the quantum internet.
