Nu Quantum 101

The team at Nu Quantum are pioneers in quantum networking - essential to unlocking the trillion-dollar value commercial-scale quantum computing. They have successfully scaled the business to $4.5mill per year, with end-users such as Cisco and the UK’s National Quantum Computing Centre. They have established partnerships with two end-users, three Tier 1 datacenter companies, and five leading qubit companies - their networking prototypes now successfully tested by two of them.

Nu Quantum's disruptive architecture enables efficient modular scaling of quantum computing to thousands of logical qubits. Having de-risked and protected their unique technology, the team are launching a $50M Series A to build world-first distributed qubit network demonstrators and to continue on their international partnership-building and commercialisation.

Nu Quantum has built an exceptional team of 60 individuals across the UK and US (>25 PhDs) from its roots as a University of Cambridge spin-out. The company is led by Founder and CEO Dr Carmen Palacios-Berraquero, award-winning quantum physicist, alongside a world-class executive leadership team and Board, and is backed by top UK Deeptech VCs Amadeus and IQ Capital.

Date Founded

Nu Quantum Ltd was incorporated 14 September 2018

Nu Quantum Inc was incorporated 22 September 2024 in Delaware.

Main location of operations

Cambridge, UK

Broers Building Hauser Forum, J J Thomson Avenue, Cambridge, England, CB3 0FA

Company number: 11568868

Other offices

Harwell, Oxford, UK

Los Angeles (postal address only), CA, USA

Directors

Dr Carmen Palacios-Berraquero

Dr Hemant Kumar Mardia

Anne Glover

Dr Bob Sutor

More details

Number of employees: 56 FTEs at 31/8/24

Current FY24 year to date revenue: see Pre-A round page for details.

Current cash runway: 8 months

Debt in business: Yes HP/asset finance £388k at 31/7/24

Pending lawsuits against or from the company?: No

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