Nu Quantum Raises $60M Series A In Largest Financing Round For Quantum Computer Networking

The round was led by National Grid Partners, the VC arm of National Grid, with participation from Gresham House Ventures, Morpheus Ventures, and existing investors including Amadeus Capital Partners, IQ Capital, Ahren Capital, and Cambridge Enterprise Ventures.

Founded in 2018 from Cambridge’s Cavendish Laboratory, Nu Quantum previously raised £8.5 million in a pre-Series A round in 2023. The company’s networking architecture aims to link quantum processors, enabling data centre-scale quantum computing capable of solving problems far beyond classical systems.

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The new funding will support product development and international expansion, with plans to extend its presence across Europe and the US.

Carmen Palacios-Berraquero, founder, CEO, Nu Quantum, said: “When we launched seven years ago, very few were thinking about networked or distributed quantum computing as a strategy for scaling, but we saw it as one of the most urgent and challenging outstanding problems in the industry, and set out to solve it.

“We’ve made great strides in shaping the market and the technology since then."

Steve Smith, chief strategy and regulation officer, National Grid and president of National Grid Partners, said: “We are closer to quantum computing having an impact on businesses and lives than many people think.”

About Nu Quantum

Nu Quantum is a pioneer in distributed quantum computing. Its Entanglement Fabric a modular, interoperable networking layer connects quantum processors into powerful distributed systems. Leveraging its technology and industry collaborations, Nu Quantum is advancing fault-tolerant quantum computing to drive breakthroughs and transform industries globally.