#Japan #Quantum Computing #Tokyo #Keio Innovation Initiative #Nanofiber Quantum Technologies

Keio Innovation Initiative Boosts Quantum Technology Investment

In a significant move towards the advancement of quantum computing technology, the Keio Innovation Initiative (KII) has announced an additional investment in Nanofiber Quantum Technologies. This funding round, which also includes contributions from other investors, has led to a total raise of $14 million aimed at expediting the development of scalable quantum computing infrastructure.

Nanofiber Quantum Technologies, established in Palo Alto, CA, is at the forefront of developing quantum interconnect hardware based on ultra-low-loss nanofiber resonators. This innovation lies at the intersection of academic research and practical application, leveraging the expertise of leading scientists in quantum science from both Japan and the U.S. The company is co-founded by Professor Takuro Aoki from Waseda University, who has been a significant contributor to the advancements in this field.

The Challenge of Quantum Computing

Current quantum computing technology faces a substantial challenge. Single quantum computers can typically manage only around 100,000 qubits, a figure insufficient for error correction mechanisms that necessitate over 1 million qubits. This limitation hampers the potential for developing error-resistant quantum computers that can sustain calculations without losing accuracy.

Addressing this critical issue, NanoQT utilizes its advanced nanofiber resonators to create quantum interconnect hardware that links individual quantum computing units—specifically those based on neutral atom technology. This networking approach enables the formation of a scalable quantum computing infrastructure, thereby moving closer to realizing error-resistant quantum computing capabilities. With the recent funding, NanoQT plans to accelerate its research and development, particularly in recruiting top talent for its projects.

Additionally, the company has secured participation in Japan's post-5G information and communication system enhancement research and development projects, focusing on developing optical quantum interfaces for neutral atom technology. These initiatives aim to bolster Japan's presence in the quantum computing sector and facilitate the global commercialization of quantum technology.

Company Overview

Name: Nanofiber Quantum Technologies, Inc.
Location: Palo Alto, CA, USA
CEO: Masashi Hirose
Established: April 27, 2022
Business Focus: Development, design, manufacturing, and sales of quantum computing and related quantum science technologies
Website: www.nano-qt.com

About Keio Innovation Initiative (KII)

Founded in December 2015, KII has been committed to supporting startups rooted in the research initiatives of Keio University. Since January 2020, KII has operated with a mission to transform research and innovation into societal change, primarily focusing on lead investments from seed to early stages in startups addressing challenges in digital technology, healthcare, and beyond. In October 2023, KII established Japan's first impact fund specifically for academic startups, known as the KII3 Impact Fund. This initiative aspires to create a society where everyone can achieve a healthy and fulfilled life while simultaneously driving positive social and environmental impact through impact investments.

KII Overview:
Company Name: Keio Innovation Initiative, Inc.
Business Focus: Cultivating technology-driven venture companies originating from universities, managing venture capital funds
Capital: ¥100 million (including ¥50 million in capital reserves)
CEO: Hirotaro Yamagishi
Website: www.keio-innovation.co.jp

The information contained in this release is accurate as of the date of announcement.