Nu Quantum Raises £2.1m in Seed Funding to Build Commercial Quantum Photonics Hardware.
(Verdict.co.uk) Nu Quantum has today announced that it has raised £2.1m in seed funding to aid its efforts to build commercial quantum photonics hardware. “Quantum photonics has the potential to transform cybersecurity through digital cryptography,” explained Alex van Someren, managing partner at Amadeus Capital Partners.
The funding round was led by Amadeus Capital Partners, with additional investment in Nu Quantum coming from Ahren Innovation Capital, Seraphim Capital, Cambridge Enterprise, Martlet Capital and IQ Capital.
A spin-out from the University of Cambridge, Nu Quantum is developing hardware solutions for quantum photonics, which use single photons to provide solutions for cryptography and simulation.
The funding will go towards the construction of an advanced photonics lab for Nu Quantum, which will be used to develop its first commercial product, quantum-level random number generators that will be used as cryptographic keys for secure data storage – essential for cybersecurity.