Funding Announcements (USD Equivalents): Arqit ($400M), ColdQuanta ($20M), Qnami ($4.4M), QphoX ($2.4M) and Agnostiq ($2M)

Arqit, a UK based company formed in 2017, will combine with Centricus Acquisition Corporation. The combined business will have a pro forma enterprise value of about $1 billion with $400 million of gross proceeds available for Arqit. Arqit has developed a product they call QuantumCloud which will allow organizations to exchange symmetric keys for encrypted […]

The post Funding Announcements (USD Equivalents): Arqit ($400M), ColdQuanta ($20M), Qnami ($4.4M), QphoX ($2.4M) and Agnostiq ($2M) appeared first on Quantum Computing Report.