Equal1 Secures $60M To Accelerate Quantum Computing Using Existing Semiconductor Manufacturing

The $60M funding round was led by the Ireland Strategic Investment Fund (ISIF), with participation from Atlantic Bridge, the European Innovation Council Fund, Matterwave Ventures, Enterprise Ireland, Elkstone, and TNO Ventures.

McKinsey estimates that quantum computing could unlock $100 billion in value by 2035. The main barrier today is the high cost and specialized infrastructure required by current technologies Equal1’s approach solves this challenge.

“Atlantic Bridge, who has helped build the company since inception, recognised Equal1’s potential to fundamentally change the future of quantum computing,” said Gerry Maguire, Board Director at Equal1 and General Partner at Atlantic Bridge. “This funding milestone is a significant step forward, enabling Equal1 to move from breakthrough innovation to commercialisation, and we are proud to continue supporting the team as they execute on this next phase of growth."

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As AI drives exponential growth in compute demand, power and cost are becoming major constraints. Quantum computing promises to far exceed even the most powerful classical computers, enabling breakthroughs in material discovery, next-generation energy grids and financial portfolio optimization.

At scale, quantum computing becomes a tightly integrated accelerator, improving the sustainability and efficiency of AI compute infrastructure rather than replacing it.

Today’s quantum challenge isn’t physics it’s production. Most quantum computers require custom fabrication, exotic cooling, and specialist teams. Equal1 takes a different approach: building rack-mounted, datacenter-ready quantum servers where cost, deployment simplicity, power efficiency and integration are first-order priorities.

“This commitment aligns with ISIF’s double bottom line mandate to invest commercially while supporting economic activity and employment in Ireland. Backing innovative Irish companies like Equal1 as they scale internationally is central to ISIF's scaling indigenous businesses investment theme. Equal1 is already making its mark in silicon-based quantum technology and we look forward to working with Equal1 as it enters its next phase, helping to realise its vision for the advancement of quantum computing technology in Ireland,” said Brian O’Connor, Senior Investment Director at ISIF.

By leveraging silicon semiconductor processes, Equal1 unlocks semiconductor economics lower costs with volume, better yields with iteration without needing dedicated facilities.

The result is Bell·1, a roll-in, plug-and-play quantum server: no dilution refrigerators, no specialized facilities, no team of physicists. Bell·1 is already shipping today, including to ESA’s Space HPC Centre in Italy.

“This $60M in funding marks the transition of Equal1 from development to deployment,” said Jason Lynch, CEO of Equal1. "As AI pushes classical computing into power and cost limits, quantum is the way forward, but only if it can be manufactured and deployed like the rest of the stack. By building quantum processors on standard silicon, we're turning quantum from bespoke hardware into deployable infrastructure positioning Equal1 as the quantum standard for HPC."

About Equal1

Equal1 is a global leader in silicon based quantum computing. Its UnityQ processor family, the world’s first hybrid quantum-classical silicon-on-chip (QSoC) technology, consolidates all quantum components onto a single chip, enabling compact, cost-efficient, rack-mounted quantum servers. Equal1’s innovation powers scalable quantum computing for pharmaceuticals, finance, materials science and beyond.