CU Boulder spinout ColdQuanta has now raised $74m in funding altogether, having previously obtained $32m in a series A round six months ago.

ColdQuanta, a US-based quantum core technology spinout of University of Colorado, (CU) Boulder, has raised $20m in a funding round backed by Foundry Group, Global Frontier Quantum Opportunity Fund, LCP Quantum Partners and Maverick Ventures.
Founded in 2018, ColdQuanta has developed a technology called Cold Atom Quantum Technology that cools atoms to within a few millionths of a degree above absolute zero. This has applications in quantum technologies including computing, sensing and communications.
The company is in the midst of a recruitment drive, looking to add 15 more staff to its current headcount of 85 and long-term plans to quadruple that number.
ColdQuanta obtained $32m in a series A round co-led by Global Frontier Investments and LCP Quantum Partners in November 2020, when Maverick Ventures and Foundry Group also invested.
ColdQuanta had picked up $6.8m of seed capital in July 2018 led by Maverick Ventures and backed by Global Frontier Investments. Both returned for a $10m extension in November 2018, bringing the round’s total to $16.8m.

Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).