Cerberus Ventures led a $18m Series A round in Lightsynq Technologies.

Cerberus Ventures, an established alternative investment advisor, led a $18m Series A round in Lightsynq Technologies, a startup developing quantum interconnect technology solutions for commercial use, with participation from Murata Electronics North America Inc., IAG Capital Partners, Safar Partners, QVT, Element Six and In-Q-Tel. “Unlocking the value of quantum computers for customers will require major improvements in two areas: error correction and scalability. We have seen amazing progress in error correction across several hardware approaches, but it is time to focus on the scaling problem. We believe that for quantum to have real commercial applications — from chemistry to cybersecurity — we need to reach million qubit systems and have pathways to continue scaling. We believe Lightsynq’s quantum interconnect hardware will offer the best solution to achieving those objectives,” Dr. Mihir Bhaskar, Lightsynq CEO.