About Atlantic Quantum
Atlantic Quantum is a company based in Cambridge (United States) founded in 2022 by Bharath Kannan, Youngkyu Sung, Simon Gustavsson, William D Oliver, Jonas Bylander, Tim Menke, and Shereen Shermak.. Atlantic Quantum has raised $9 million across 2 funding rounds from investors including OSTI.GOV, Thomas Tull and Glasswing Ventures. The company has 6 employees as of December 31, 2022. Atlantic Quantum offers products and services including Quantum Integrated Circuit. Atlantic Quantum operates in a competitive market with competitors including Rigetti Computing, Quantum Circuits Limited, Oxford Ionics, Quantum Circuits and Quantum Motion, among others.
- Headquarter Cambridge, United States
- Employees 6 as on 31 Dec, 2022
- Founders Bharath Kannan, Youngkyu Sung, Simon Gustavsson, William D Oliver, Jonas Bylander, Tim Menke, Shereen Shermak
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Atlantic Quantum Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 2 rounds
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Latest Funding Round
$1.3 M (USD), Grant
Feb 21, 2023
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Investors
OSTI.GOV
& 5 more
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Employee Count
6
as on Dec 31, 2022
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Products & Services of Atlantic Quantum
Atlantic Quantum offers a comprehensive portfolio of products and services, including Quantum Integrated Circuit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides scalable superconducting circuits for quantum computing to reduce errors and improve speed.
Funding Insights of Atlantic Quantum
Atlantic Quantum has successfully raised a total of $9M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $1.3 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $1.3M
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First Round
First Round
(09 Jun 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Grant - Atlantic Quantum | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - Atlantic Quantum | Valuation | Engine Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Atlantic Quantum
Atlantic Quantum has secured backing from 6 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include OSTI.GOV, Thomas Tull and Glasswing Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are made in AI and frontier technology startups by Glasswing Ventures.
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Founded Year | Domain | Location | |
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Investments are focused on quantum computing and AI startups.
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Founded Year | Domain | Location | |
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Early-stage technology startups are funded by Engine Ventures venture capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Atlantic Quantum
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Atlantic Quantum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Atlantic Quantum Comparisons
Competitors of Atlantic Quantum
Atlantic Quantum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rigetti Computing, Quantum Circuits Limited, Oxford Ionics, Quantum Circuits and Quantum Motion, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Full-stack quantum computing solutions using superconducting qubits are developed.
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| domain | founded_year | HQ Location |
Quantum computers using superconducting qubits are developed.
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| domain | founded_year | HQ Location |
Quantum computers are provided using superconducting qubits and trapped ions.
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| domain | founded_year | HQ Location |
Superconducting quantum circuits are developed for modular quantum computers.
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| domain | founded_year | HQ Location |
A scalable universal quantum computer on silicon chips is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Atlantic Quantum
Frequently Asked Questions about Atlantic Quantum
When was Atlantic Quantum founded?
Atlantic Quantum was founded in 2022.
Where is Atlantic Quantum located?
Atlantic Quantum is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Atlantic Quantum?
Bharath Kannan is the current CEO of Atlantic Quantum. They have also founded this company.
Is Atlantic Quantum a funded company?
Atlantic Quantum is a funded company, having raised a total of $9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $9M, raised on Jun 09, 2022.
How many employees does Atlantic Quantum have?
As of Dec 31, 2022, the latest employee count at Atlantic Quantum is 6.
What does Atlantic Quantum do?
Developer of quantum computers for computations and processing information. It provides users with a company that is focused on solving the quantum hardware problem by building scalable quantum computers. Company is working on building fault-tolerant quantum computers by making superconducting qubit technology and deploying scalable hardware architecture.
Who are the top competitors of Atlantic Quantum?
Atlantic Quantum's top competitors include Rigetti Computing, Oxford Ionics and Quantum Motion.
What products or services does Atlantic Quantum offer?
Atlantic Quantum offers Quantum Integrated Circuit.
Who are Atlantic Quantum's investors?
Atlantic Quantum has 6 investors. Key investors include OSTI.GOV, Thomas Tull, Glasswing Ventures, Future Labs Capital, and Engine Ventures.
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