Qunnect Secures Funding to Propel Quantum Networking
Qunnect, the pioneering force behind the deployment of quantum entanglement-based protocols over commercial fiber networks, has recently achieved a significant milestone by completing an oversubscribed Series A extension financing round. This funding totals
$10 million, led by
Airbus Ventures, with notable participation from
Cisco Investments and
Quantonation. This financial boost will play a crucial role in advancing Qunnect’s mission to transform the landscape of communications and networking through quantum technology.
As the first firm to deploy quantum networks across major metropolitan areas, Qunnect has introduced innovative products such as its
Carina product suite. This suite is designed to facilitate the real-world deployment of scalable data networks powered by quantum physics. The ability to leverage quantum mechanics in these networks allows for heightened security and data processing capabilities that surpass existing technologies. Importantly, Qunnect's hardware is crafted to operate efficiently at room temperature, moving beyond the confines of laboratory environments, and promoting widespread industry adoption.
CEO
Noel Goddard emphasized the positive response from industry players following the deployment of Qunnect's products in quantum networking testbeds across several cities. With the additional funds, Qunnect aims to develop turnkey versions of the Carina suite that will showcase quantum networks' potential in various sectors including financial services, energy infrastructure, telecommunications, and defense. These developments promise a new era of secure information transmission and communication protocols.
Cisco's involvement, through its corporate venture capital arm, reinforces the growing importance of quantum technologies. Just last month, Cisco announced the launch of their quantum network entanglement chip as part of their ambitious quantum internet and data center strategy.
Aleem Rizvon, vice president of Cisco Investments, remarked on the crucial role that Qunnect is poised to play in revolutionizing network security and communications as the world transitions to quantum-powered infrastructures.
The applications of Qunnect's technology have already begun to take root, with successful deployments in sectors such as finance, telecommunications, and energy. Their groundbreaking Carina quantum networking product suite has been operational in two pioneering quantum testbed networks located in New York City and Berlin, in collaboration with
Deutsche Telekom's T-Labs. This is indicative of the growing recognition of quantum physics as foundational to future secure networks.
The advantages of utilizing quantum physics are manifold: improved security, enhanced processing capabilities, and advanced sensory mechanisms make Qunnect’s offerings compelling. The Carina suite is capable of generating, buffering, and preserving high-quality entangled photons—these are essential for facilitating quantum communications at unprecedented speeds. Achieving breakthroughs in cybersecurity and the realms of distributed quantum computing and sensory perception is now within reach, all thanks to Qunnect's innovations.
Commenting on the recent funding initiative,
Nicole Conner, Partner at Airbus Ventures, expressed excitement about collaborating with Cisco Investments, highlighting the combined expertise that will drive forward Qunnect’s commitment to pioneering advanced hardware for secure communication based on quantum entanglement protocols. Meanwhile, co-founder and Chief Scientist
Mehdi Namazi reiterated the company’s long-term vision of establishing a robust infrastructure for the forthcoming quantum internet. The prior success in demonstrating quantum network capabilities in both New York and Berlin positions Qunnect for a promising future in the evolving tech landscape.
For those interested in delving deeper into quantum networking solutions, Qunnect's official website
www.qunnect.inc offers further resources and insights. Additionally, inquiries for interviews can be directed to their communications team via: [email protected].