About Quantum Circuits
Quantum Circuits is a company based in New Haven (United States) founded in 2015 by Michel Devoret, Luigi Frunzio, Brian W. Pusch, and Robert Schoelkopf.. Quantum Circuits has raised $104.61 million across 3 funding rounds from investors including Arch Venture Partners, Canaan and F-Prime Capital. The company has 20 employees as of December 31, 2022. Quantum Circuits offers products and services including Dual-Rail Qubit and Aqumen Seeker. Quantum Circuits operates in a competitive market with competitors including Rigetti Computing, D-Wave, Quantum Circuits Limited, Oxford Ionics and Quantum Motion, among others.
- Headquarter New Haven, United States
- Employees 20 as on 31 Dec, 2022
- Founders Michel Devoret, Luigi Frunzio, Brian W. Pusch, Robert Schoelkopf
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Quantum Circuits, Inc.
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Annual Revenue
$00as on Mar 17, 2016
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Net Profit
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EBITDA
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Total Equity Funding
$104.61 M (USD)
in 3 rounds
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Latest Funding Round
$60 M (USD), Series B
Aug 15, 2024
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Investors
Arch Venture Partners
& 10 more
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Employee Count
20
as on Dec 31, 2022
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Products & Services of Quantum Circuits
Quantum Circuits offers a comprehensive portfolio of products and services, including Dual-Rail Qubit and Aqumen Seeker. 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.
Hardware for quantum computing with built-in error detection and control features.
System for executing quantum applications with error-aware processing.
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Funding Insights of Quantum Circuits
Quantum Circuits has successfully raised a total of $104.61M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in August 2024. 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 3
- Last Round Series B — $60.0M
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First Round
First Round
(13 Nov 2017)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series B - Quantum Circuits | Valuation | Arch Venture Partners , F-Prime Capital | |
| Feb, 2024 | Amount | Series B - Quantum Circuits | Valuation |
investors |
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| Nov, 2017 | Amount | Series A - Quantum Circuits | Valuation | Canaan , Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Quantum Circuits
Quantum Circuits has secured backing from 11 investors, including venture fund investors. Prominent investors backing the company include Arch Venture Partners, Canaan and F-Prime Capital. 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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Venture capital firm focused on life science companies
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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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 Quantum Circuits
| 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 - Quantum Circuits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Quantum Circuits Comparisons
Competitors of Quantum Circuits
Quantum Circuits 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, D-Wave, Quantum Circuits Limited, Oxford Ionics 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Full-stack quantum computing solutions using superconducting qubits are developed.
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| domain | founded_year | HQ Location |
Integrated universal quantum computers and software 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 |
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 Quantum Circuits
Frequently Asked Questions about Quantum Circuits
When was Quantum Circuits founded?
Quantum Circuits was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Quantum Circuits located?
Quantum Circuits is headquartered in New Haven, United States. It is registered at New Haven, Connecticut, United States.
Who is the current CEO of Quantum Circuits?
Ray Smets is the current CEO of Quantum Circuits.
Is Quantum Circuits a funded company?
Quantum Circuits is a funded company, having raised a total of $104.61M across 3 funding rounds to date. The company's 1st funding round was a Series A of $18M, raised on Nov 13, 2017.
How many employees does Quantum Circuits have?
As of Dec 31, 2022, the latest employee count at Quantum Circuits is 20.
What does Quantum Circuits do?
Quantum Circuits was founded in 2015 as a Yale University spin-off in New Haven, United States, focusing on the quantum computing sector. Superconducting quantum computing systems are designed to enable modular configurations for applications in drug discovery, genetics, finance, and industrial design. Hardware products, including quantum-limited parametric amplifiers, are offered. Series A funding is planned for expanding software development teams.
Who are the top competitors of Quantum Circuits?
Quantum Circuits's top competitors include Rigetti Computing, D-Wave and Oxford Ionics.
What products or services does Quantum Circuits offer?
Quantum Circuits offers Dual-Rail Qubit and Aqumen Seeker.
Who are Quantum Circuits's investors?
Quantum Circuits has 11 investors. Key investors include Arch Venture Partners, Canaan, F-Prime Capital, Sequoia Capital, and Hither Creek.
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