Latest news with #MattKinsella
Yahoo
5 days ago
- Business
- Yahoo
Infleqtion Raises $100M to Scale Atom-Based Quantum Solutions for National Security and Next Generation Intelligent Systems
Backed by Glynn Capital, Counterpoint Global (Morgan Stanley), S32, and SAIC, Infleqtion is defining the frontier of commercial quantum technology with deployable systems that meet today's most demanding challenges. BOULDER, Colo., June 02, 2025--(BUSINESS WIRE)--Infleqtion, the only company actively commercializing atom-based quantum systems across computing, sensing, and precision timing, announced a $100 million Series C funding round backed by new, existing, and strategic investors, including Glynn Capital, Counterpoint Global (Morgan Stanley), S32, SAIC and others. Having generated almost $30 million in revenue last year and backed by a customer pipeline topping $200 million, Infleqtion will use this investment to scale its atom-based quantum platforms and accelerate deployment of field-ready quantum systems that address today's most demanding real-world challenges. "We are harnessing the power of quantum to solve the world's most urgent and complex challenges," said Matt Kinsella, CEO of Infleqtion. "This funding fuels our next phase of growth, allowing us to scale transformative technologies with strategic partners who share our vision and serve as go-to-market allies, helping to secure nations and power the next generation of intelligent systems." "Quantum technology is fast becoming essential to both economic competitiveness and national security and we believe it will fundamentally reshape the global landscape," said Charlie Friedland, Partner at Glynn Capital. "Infleqtion stands out for its combination of scientific depth and commercial execution. Their atom-based systems are deployable, scalable, and poised to deliver the quantum solutions industries and governments need." Pioneering Quantum Computing and Sensing Infleqtion's technology is built on atoms, the most promising path to scalable quantum advantage, and is currently deployed in government and commercial programs around the world. Sqale, Infleqtion's neutral atom-based quantum computer, is installed at the National Quantum Computing Centre (NQCC) in the United Kingdom and the company was selected by Japan's Science and Technology Agency (JST) as the only foreign quantum computing partner in the Quantum Moonshot program. The company recently demonstrated a materials science breakthrough powered by its Superstaq compiler and Nvidia's CUDA-Q platform, marking a key milestone on its path toward scalable, fault-tolerant quantum computing. The company also unveiled Contextual Machine Learning (CML), a quantum-inspired AI system aimed at solving high-value defense and biotech applications. Infleqtion leads the market in quantum-enabled positioning, navigation, and timing, bringing next generation capabilities critical for national security. Its atomic clocks deliver quantum advantage today, with more than 100x improvements in precision over legacy systems. These systems are already deployed with NASA and the U.S. Department of Defense, and have earned an $11M DoD APFIT contract award for mission-critical innovation. Scaling with Strategic Partners Infleqtion's Series C round includes backing from strategic partners that understand the direct impact bringing quantum technology to real-world mission environments. Through a new go-to-market partnership with SAIC – a leading mission integrator that provides advanced technology solutions to solve and support the mission-critical needs across military, intelligence, and government agencies – Infleqtion is expanding the deployment of quantum sensing technologies, including atomic clocks, quantum RF communication, and inertial sensing, into defense and aerospace applications. Infleqtion has more than three dozen active government and commercial programs in deployment, with expansion planned across North America, the UK, and Australia. "We are excited to partner with Infleqtion to accelerate the delivery of quantum sensing and computing across our full range of national defense and government customers," said Lauren Knausenberger, CINO and Managing Director of Ventures at SAIC. "Infleqtion's visionary advancements in atomic clocks, inertial navigation, and quantum communication directly align with our mission to integrate emerging technologies into active and critical operations to enhance resilience, precision, and ultimately keeping warfighters safe in the most demanding environments." Infleqtion's momentum is backed by a powerful investment community including new supporters and long-standing partners who share deep confidence in our mission. Additional investors include Axial, Breakthrough Victoria, Caruso Ventures, Cyfr Capital, Golden Vision Capital, Global Frontier, In-Q-Tel (IQT), LCP, Maverick, National Security Strategic Investment Fund (NSSIF), Olive Ventures, Overmatch, S Ventures (SentinelOne), and the Wisconsin Alumni Research Foundation. J.P. Morgan acted as a sole placement agent to Infleqtion. About Infleqtion Infleqtion is a world-leading quantum technology company advancing transformative, atom-based solutions that integrate quantum hardware and software to enhance precision and performance across national security, enterprise, and infrastructure markets. Specializing in atomic clocks, quantum RF, quantum computing, and quantum technologies that accelerate breakthroughs in AI, sensing, and secure communications, Infleqtion's systems are already deployed in mission-critical environments around the world. With a track record of delivering real-world impact and deep alignment with strategic partners, Infleqtion is a trusted provider of quantum solutions for national security modernization, resilient infrastructure, and next-generation intelligent systems. View source version on Contacts Matt StubbsVoxus PRmstubbs@
Yahoo
5 days ago
- Business
- Yahoo
Quantum firm Infleqtion raises $100 million, pairs with SAIC for defense sales
By Stephen Nellis SAN FRANCISCO (Reuters) -Quantum computing firm Infleqtion said on Monday it has raised $100 million in venture capital and paired with government services contractor Science Applications International Corp to pursue defense deals. Quantum computing holds the promise of solving problems in biology, chemistry and physics that classical computers would take thousands of years to solve. It is drawing interest - and hundreds of millions of dollars in funding - from technology companies such as Microsoft and Alphabet's Google, as well as dozens of startups. Most quantum computers use chips that must be kept at extremely cold temperatures in cryogenic coolers, making them expensive. Boulder, Colorado-based Infleqtion takes a different approach by beaming lasers at rubidium atoms suspended in a vacuum chamber, a process Infleqtion says lets its computers operate at room temperature. Infleqtion plans to have a modest quantum computer by 2028, but in the meantime is using its technology for other applications, such as providing extremely precise electronic timing signals that can be used by military equipment in conflict zones where GPS signals are jammed. Infleqtion CEO Matt Kinsella told Reuters on Friday that the company generated nearly $30 million in revenue last year. As Infleqtion improves its core quantum technology for timing devices, that work "feeds directly into the (research and development) efforts for the computer," Kinsella said. Infleqtion and the government contractor will look for other applications for Infleqtion's technology, which is the size of about three pizza boxes but expected to shrink dramatically over the next several years. Michael Hauser, vice president and managing partner of SAIC Ventures, said the technology has the potential to replace multiple antennas on military facilities. "You get these antenna farms, and they jam each other. Well, if you've got this new form factor of ... antenna, maybe you don't jam yourself anymore," Hauser told Reuters on Friday. Investors in the current round were Glynn Capital, Morgan Stanley's Counterpoint Global, S32, SAIC and others. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Quantum firm Infleqtion raises $100 million, pairs with SAIC for defense sales
By Stephen Nellis SAN FRANCISCO (Reuters) -Quantum computing firm Infleqtion said on Monday it has raised $100 million in venture capital and paired with government services contractor Science Applications International Corp to pursue defense deals. Quantum computing holds the promise of solving problems in biology, chemistry and physics that classical computers would take thousands of years to solve. It is drawing interest - and hundreds of millions of dollars in funding - from technology companies such as Microsoft and Alphabet's Google, as well as dozens of startups. Most quantum computers use chips that must be kept at extremely cold temperatures in cryogenic coolers, making them expensive. Boulder, Colorado-based Infleqtion takes a different approach by beaming lasers at rubidium atoms suspended in a vacuum chamber, a process Infleqtion says lets its computers operate at room temperature. Infleqtion plans to have a modest quantum computer by 2028, but in the meantime is using its technology for other applications, such as providing extremely precise electronic timing signals that can be used by military equipment in conflict zones where GPS signals are jammed. Infleqtion CEO Matt Kinsella told Reuters on Friday that the company generated nearly $30 million in revenue last year. As Infleqtion improves its core quantum technology for timing devices, that work "feeds directly into the (research and development) efforts for the computer," Kinsella said. Infleqtion and the government contractor will look for other applications for Infleqtion's technology, which is the size of about three pizza boxes but expected to shrink dramatically over the next several years. Michael Hauser, vice president and managing partner of SAIC Ventures, said the technology has the potential to replace multiple antennas on military facilities. "You get these antenna farms, and they jam each other. Well, if you've got this new form factor of ... antenna, maybe you don't jam yourself anymore," Hauser told Reuters on Friday. Investors in the current round were Glynn Capital, Morgan Stanley's Counterpoint Global, S32, SAIC and others. Sign in to access your portfolio
Reuters
5 days ago
- Business
- Reuters
Quantum firm Infleqtion raises $100 million, pairs with SAIC for defense sales
SAN FRANCISCO, June 2 (Reuters) - Quantum computing firm Infleqtion said on Monday it has raised $100 million in venture capital and paired with government services contractor Science Applications International Corp (SAIC.O), opens new tab to pursue defense deals. Quantum computing holds the promise of solving problems in biology, chemistry and physics that classical computers would take thousands of years to solve. It is drawing interest - and hundreds of millions of dollars in funding - from technology companies such as Microsoft and Alphabet's Google, as well as dozens of startups. Most quantum computers use chips that must be kept at extremely cold temperatures in cryogenic coolers, making them expensive. Boulder, Colorado-based Infleqtion takes a different approach by beaming lasers at rubidium atoms suspended in a vacuum chamber, a process Infleqtion says lets its computers operate at room temperature. Infleqtion plans to have a modest quantum computer by 2028, but in the meantime is using its technology for other applications, such as providing extremely precise electronic timing signals that can be used by military equipment in conflict zones where GPS signals are jammed. Infleqtion CEO Matt Kinsella told Reuters on Friday that the company generated nearly $30 million in revenue last year. As Infleqtion improves its core quantum technology for timing devices, that work "feeds directly into the (research and development) efforts for the computer," Kinsella said. Infleqtion and the government contractor will look for other applications for Infleqtion's technology, which is the size of about three pizza boxes but expected to shrink dramatically over the next several years. Michael Hauser, vice president and managing partner of SAIC Ventures, said the technology has the potential to replace multiple antennas on military facilities. "You get these antenna farms, and they jam each other. Well, if you've got this new form factor of ... antenna, maybe you don't jam yourself anymore," Hauser told Reuters on Friday. Investors in the current round were Glynn Capital, Morgan Stanley's Counterpoint Global, S32, SAIC and others.
