Huge congratulations to Ephos, who have just come out of stealth and announced their $8.5M seed round! 🎉
💡 Quantum computing has the potential to impact almost every industry, from pharma to defense, and we believe Ephos’ technology will play a critical role in accelerating its advancements.
🔬 Built on glass substrates, their chips reduce signal loss, one of the greatest hurdles to building a quantum computer. Photonic technologies also have a wide range of classical applications beyond quantum computing, including within data centers where photonic chips are increasingly being used to reduce soaring energy footprints.
💎 When we first met Andrea and the team, we knew immediately he was one of the founders we wanted to back: bold, ambitious, and with the desire to make an impact. Plus a great name
🌍 More so, Ephos is also the epitome that, today more than ever, you can build great companies with global ambition from anywhere. We’re particularly proud that Ephos will be inaugurating a state-of-the-art research and manufacturing facility – the world's first dedicated to producing glass-based quantum photonic circuits – in our home country, Italy. 🇮🇹
We are excited to support Andrea, Roberto, and the entire Ephos team in their journey, alongside our friends at Starlight Ventures, Unruly Capital, and Exor Ventures, among others. ✨
🚀 Exciting Milestone for Ephos! 🚀
We're thrilled to announce that Ephos has raised $8.5M and opened the world’s first facility dedicated to the design and production of glass-based quantum photonic chips! Our proprietary technology will play a critical role in accelerating advancements in quantum computing, AI, and data centres.
The seed round was led by Starlight Ventures, with participation from Collaborative Fund, Exor Ventures, 2100 Ventures, and Unruly Capital. Additionally, we are proudly supported by NATO DIANA and the European Innovation Council and SMEs Executive Agency (EISMEA) in our mission to transform the future of computing.
Today, to meet growing customer demand, we are opening a new fabrication facility in MIND Milano Innovation District, one of Europe’s most ambitious technology hubs. This plant will accelerate our mission to power quantum and classical infrastructure, more efficiently and securely. Our chips are built entirely in-house and our supply chain relies exclusively on US and EU suppliers.
This funding round will also help us to expand our presence in the United States, scaling our team in San Francisco. In other words: we are hiring!
None of this would be possible without our exceptional team, investors, and advisors, including Joe Zadeh, Diego Piacentini, Simone Severini, and Alec Ross.
We are just getting started 🚀 Read more:
https://lnkd.in/eQhBXDH4
#QuantumComputing #AI #Innovation #DeepTech #Chips #Photonics #Technology #Ephos
NATO-backed chip startup Ephos raises $8.5 mln for Italian operations
reuters.com