Electronics Startup Raises $18 Million

Quantum Circuits completed $18 million in Series A financing, led by Canaan Partners and Sequoia Capital. Tribeca Venture Partners, Osage Partners, and Fitz Gate Ventures also participated in the funding.

QCI’s goal is to develop, manufacture, and sell the first practical and useful quantum computers. The company plans to commercialize the components, devices, and software that will accelerate research and enable the scaling of quantum computing.

QCI will hire additional software designers and programmers with the new capital.