Equal1, the silicon quantum computing company, today announced that Chief Operating Officer Jason Lynch has been appointed Chief Executive Officer. Company founder and board member Dirk Leipold will move into the role of President to focus his energy on accelerating development of the company's quantum-enhanced processor technology.

The company has secured a total of €20 million investment: from blended (grant and equity) funding through the European Innovation Council (EIC), and a venture capital funding round led by btov Industrial Technologies with long-time Equal1 investor Atlantic Bridge and others.

Dirk Leipold: "Jason has been instrumental in building out the team and leading our fundraising efforts and is well positioned to lead the company into the next stage."

Jason Lynch: "Dirk and I have worked closely together to lead the company to this pivotal stage. I am honored that he is trusting me to take the company he co-founded to the next level of funding, recruitment and growth that will be needed to deliver on his vision of democratizing quantum computing."