Tier 1 VC Backs This Quantum Software Startup
IQT’s take aways: Although a relatively minor deal in terms of the amounts of money likely to be involved, IQT sees this funding as an important event.
Sequoia Capital has invested in Apple, Google, Oracle, YouTube, Instagram and Yahoo, over the years — good enough reason, we believe, to make this deal an important vote of confidence in quantum computing as a whole.
Adding to the significance of the Sequoia-QCtrl deal is that, if things work out technically, what Sequoia will produce will be qubits, stable enough to reduce the number of physical qubits needed for effective quantum computing. In other words, with Sequoia’s help, QCtrl technology could provide a key enabler for commercial quantum computing in the not too distant future.