Nu Quantum Raises £650,000 Pre-Seed Round for ‘Free Space’ Communications
(Tech.eu) Nu Quantum, the Cambridge-based quantum photonics company, raised a £650,000 pre-seed investment round led by Amadeus Capital Partners, with support from IQ Capital, Ahren Capital, Cambridge Enterprise and Martlet Capital, the investment arm of Marshall of Cambridge Group.
Nu Quantum is one of the few quantum companies trying to apply the technology in “free space” communications, meaning without fibre optics. The goal is secure exchange via satellite and metropolitan links, and tests with a major UK telecoms company will begin soon.
Alex van Someren of Amadeus Capital Partners, who will join Nu Quantum’s board, said: “Nu Quantum is poised to unlock the potential of quantum communication. Using this investment by Amadeus, Nu Quantum will address the challenge of cryptography first. Based on its single photon sources and detectors, Nu Quantum aims to deliver high-rate, quantum-secure key generation and exchange, taking us one step closer towards absolute cyber security.”