Quantum Networking Pioneer Qunnect Raises $10 Million in Series A Extension

Whats Happening:

Qunnect, a quantum networking company, has raised $10 million in an oversubscribed Series A extension round led by Airbus Ventures, with participation from Cisco Investments and Quantonation. The funding will be used to develop turn-key variants of Qunnect's quantum networking Carina product suite for new use cases across financial services, energy infrastructure, telecom, and defense sectors.

Key Moves:

• Qunnect raises $10 million in oversubscribed Series A extension

• Funding led by Airbus Ventures, with Cisco Investments and Quantonation participating

• Company to develop turn-key variants of Carina product suite for new industry use cases

By The Numbers:

• Qunnect raises $10 million in Series A extension

• Company has deployed quantum networks in two major cities

• Carina product suite creates entangled photons at unprecedented rates

Key Quotes:

• "This new round of investment was driven by the response we received from industry following the performance of Qunnect products deployed on city-scale quantum networking testbeds," said Noel Goddard, CEO of Qunnect.

• "Cisco is advancing the quantum technologies that will secure and define the quantum internet and data centers of the future," said Aleem Rizvon, vice president, Cisco Investments.

• "Now, after proving our unparallel quantum network capabilities in New York and Berlin, and thanks to partners like Cisco, we are pushing the industry towards the era of quantum network utility," said Mehdi Namazi, Chief Scientist and co-founder of Qunnect.

Bottom Line:

Qunnect's successful $10 million Series A extension demonstrates growing industry interest in quantum networking technology. With deployments in major cities and partnerships with key players like Cisco, Qunnect is positioned to drive the development of practical quantum communication infrastructure across various sectors.

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