Infleqtion, a Palo Alto-based quantum technology startup, has raised $100 million in a Series C funding round. The company plans to focus on applications within the defense industry and government sectors. Infleqtion offers advanced quantum devices including ultra-high vacuum (UHV) science cells, cold atom source cells, and ion traps, positioning itself as a vertically integrated quantum vendor. Meanwhile, another quantum computing startup, PsiQuantum, is reportedly in discussions to secure hundreds of millions of dollars in funding led by BlackRock, which could potentially double its valuation. Separately, Singapore-based insurtech company Bolttech raised $147 million in a Series C round.
SG insurtech firm Bolttech raises $147m series C https://t.co/uB5zgpNUcf
Quantum firm Infleqtion raises $100M to serve government, defense clients https://t.co/Q9jHSLmxTo https://t.co/dpeZWKXxTC
Palo Alto quantum computing startup PsiQuantum is in talks to raise hundreds of millions in a new funding round led by BlackRock that could double its valuation. https://t.co/CuymoieotV