Equal1, the silicon quantum computing company, today announced btov Industrial Technologies has joined Atlantic Bridge and other Equal1 investors in a multimillion Euro funding round. The funding, which will accelerate the introduction of the world's most compact and cost-effective quantum computers, brings the initial capital invested in Equal1 to over €10 million.

The company also announced the appointment of Dr. Christian Reitberger, Partner at btov, to the Equal1 board of directors.

Dr. Christian Reitberger: "Equal1 has a trajectory to create massively scalable quantum solutions for real applications without the need for an exotic new technology platform—leveraging existing semiconductor foundry processes to deliver quantum computing solutions that make artificial intelligence (AI) more efficient and sustainable."

Gerry Maguire, General Partner at Atlantic Bridge: "We have supported Equal1 from the very beginning and have been impressed and excited with what the team has achieved to date."

Dirk Leipold, Founder and CEO of Equal1: "This is a wonderful validation of our unique qubit technology and integrated approach, protected by a portfolio of over 30 patents. The support of a new, extremely knowledgeable deep tech investor in btov, along with the continued support of Atlantic Bridge will enable us to accelerate our development."