Airbus Ventures congratulates Qunnect, the leader in quantum internet technologies, for announcing its Series A funding of more than $8 million. The round was led by Airbus Ventures, with additional participation from Quantonation, SandboxAQ, NY Ventures, Impact Science Ventures and Motus Ventures.
Spearheaded by CEO Dr. Noel Goddard and founders Dr. Mehdi Namazi and Mael Flament, Qunnect is developing a quantum-safe network technology designed for scalable deployment on existing telecommunications fiber infrastructure. These new funds will be used to further develop its product suite, scale manufacturing and launch a multi-node R&D quantum network test bed to demonstrate entanglement distribution protocols. This network, connected to existing fiber optic cable in New York City, will be the first of its kind in the US.
Qunnect’s products, including an entangled photon source with unmatched compatibility with atomic devices and high-fidelity quantum memory, are key enablers for applications in quantum sensing and computing. The true value of Qunnect will be in the integration of these technologies, in a holistic suite to perform long-distance quantum communication protocols. These protocols remove the vulnerabilities of first-generation quantum key distribution systems, which are fundamentally limited in distance and require relay nodes to scale, creating security risks.
Most of the quantum networking technologies seen in the research community require extreme cooling and/or high vacuum support infrastructure. In contrast, Qunnect’s world-class solutions support real-world deployment and scalability, designed to operate at room temperature, rather than in fragile, climate-controlled laboratory environments.
In September 2021, the company commercialized the world’s first quantum memory, a critical component in enabling secure long-distance quantum communication protocols. Building on this achievement, once its first-generation product suite is complete in mid-2023, Qunnect will be ready to provide the first distributed entanglement network to the commercial market.