Infleqtion Quantum Receives $100 M for Quantum Research
Inflection Quantum
Infleqtion Quantum Series C Fundraiser Gets $100M
Infleqtion, which commercialises atom-based quantum devices, completed a $100 million Series C financing round. New, existing, and strategic investors supported the investment.
Leading investors include Glynn Capital, SAIC, S32, and Counterpoint Global (Morgan Stanley). The Wisconsin Alumni Research Foundation, Olive Ventures, Overmatch, S Ventures (SentinelOne), Breakthrough Victoria, Axial, Caruso Ventures, Cyfr Capital, Golden Vision Capital, Global Frontier, In-Q-Tel (IQT), LCP, Maverick, and NSSIF also back it. JP Morgan was Infleqtion's only placement agent.
With a $200 million client backlog and $30 million in revenue last year, Infleqtion plans to extend its atom-based quantum platforms and accelerate field-ready quantum device rollouts with the financing. This funding will help the company scale transformational technologies with strategic partners in its next phase of growth.
Atoms, the most promising path to scalable quantum advantage, underpin the company's technology. Infleqtion's systems are used worldwide by businesses and governments. Over three dozen government and private projects are underway to grow across North America, the UK, and Australia.
Infleqtion sells atom-based computing, sensing, and precision timing systems. The UK's National Quantum Computing Centre (NQCC) houses Sqale, a neutral atom-based quantum computer. In Japan's Quantum Moonshot program, the Science and Technology Agency (JST) selected Infleqtion as the single foreign Β quantum computing partner. Using its Superstaq compiler and Nvidia's CUDA-Q platform, the company demonstrated a materials science advance that could lead to scalable, fault-tolerant quantum computing. Contextual Machine Learning (CML), a quantum-inspired AI system for high-value defence and biotech applications, was also introduced.
The sensing and precise timing industries know Infleqtion as a leader in quantum-enabled positioning, navigation, and timing. With precision advantages of over 100 times, their atomic clocks outperform traditional systems. The US Department of Defence and NASA have installed atomic clocks. Mission-critical innovation earned Infleqtion a $11 million DoD APFIT contract. Inertial navigation and quantum radio frequency transmission are also used in their sensor technologies.
Strategic collaborations are key to Infleqtion's strategy. A recent go-to-market agreement with SAIC aims to integrate Infleqtion's quantum sensing technologies into aerospace and defence applications. SAIC, a leading mission integrator for government, military, and intelligence agencies, integrates inertial sensing, quantum radio frequency communication, and atomic clocks. βWe are thrilled to collaborate with Infleqtion to accelerate quantum sensing and computing for their national defence and government customers,β said SAIC CINO and Managing Director of Ventures Lauren Knausenberger.
After receiving money, Infleqtion CEO Matt Kinsella remarked, βWe are harnessing the power of quantum to solve the world's most urgent and complex challenges.β He said the money lets them scale transformational technologies with go-to-market buddies and strategic partners who share their objective.
Quantum technology is becoming vital for national security and commercial competitiveness, according to Glynn Capital partner Charlie Friedland. βInfleqtionβs atom-based systems are deployable, scalable, and poised to deliver necessary quantum solutions for industries and governments,β he said, applauding its scientific depth and commercial execution. SAIC's Knausenberger said Infleqtion's discoveries support their goal of integrating cutting-edge technology into crucial operations to increase warfighters' safety, precision, and resilience.
