Qolab Raises $16 Million in Series A Funding

Qolab, a quantum computing company, raised over $16 million to date in its Series A funding.

Octave Ventures led the investment round with participation from the Development Bank of JapanWisconsin Alumni Research Foundation , and Phoenix Venture Partners.

The startup intends to use the fresh funds to develop utility-scale quantum computing technology by advancing scalability in quantum systems.

“Qolab is well-positioned to leverage both domestic and international support in advancing its technology,” said Alan Ho, CEO of Qolab. “The combined backing from Octave Ventures and DBJ is a testament to Qolab’s role as a global innovator in quantum technology and aligns with Japan’s strategic goals in fostering cutting-edge advancements.”

Qolab Inc. is a quantum computing company dedicated to developing utility-scale superconducting quantum computers. By leveraging cutting-edge semiconductor fabrication tools and processes, proprietary qubit designs, and innovative scaling techniques, Qolab aims to push the boundaries of quantum technology and deliver reliable, high-performance systems. Qolab combines a physics-driven approach with a focus on qubit quality and practical hardware solutions. Close collaborations with semiconductor industry leaders and academic institutions are central to the Qolab mission.