Latest investment brings Equal1 funding to more than €10m

Latest funding injection enables Equal1 to accelerate introduction of useful, cost-effective quantum computers that leverage existing semiconductor technology.

Silicon quantum computing company Equal 1 has received a multi-million investment from btov Industrial Technologies.

Btov’s investment sees it join Atlantic Bridge and other investors and brings the initial capital invested in Equal1 to more than €10m.

“Equal1 has a trajectory to create massively scalable quantum solutions for real applications without the need for an exotic new technology platform”

With research and development teams in NovaUCD, Dublin, and Silicon Valley, Equal1 was founded by Dr Dirk Leipold, Mike Asker and Professor R. Bogdan Staszewski. It is a University College Dublin spin-out from the UCD School of Electrical and Electronic Engineering.

An Irish force for quantum computing

The company’s quantum technology is particularly suited to quantum artificial intelligence (AI) and machine learning.

Equal1 is addressing a major challenge for the quantum computing industry, to scale the number of qubits so that a quantum computer can tackle useful, real-world problems.

The company recently announced that it was the first to demonstrate a fully integrated quantum processor unit (QPU) operating at 3.7 kelvin, a major milestone with implications for the trajectory of quantum computing.

The QPU has been integrated into a quantum computer demonstrator (“Alice”) and has been operating continuously for 18 months at the company’s sites in Ireland and the US.

Equal1’s third generation QPU chip has been recently produced. This QPU includes the latest patented silicon qubit array as well as hybrid qubit test structures and high-speed input/output communication links used to bring high-speed data into the quantum core.

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

“We are excited to be part of this journey with the impressive Equal1 team,” says 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.”

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.