Terra Quantum Extends Their Series A Round Funding to $75 Million – Quantum Computing Report

Category: Quantum Computing

Terra Quantum Extends Their Series A Round Funding to $75 Million

We had reported in January that Terra Quantum had raised a Series A venture funding of $60 Million. They have now reported that the funding was extended and an additional $15 million was added to this round bringing the total to $75 million. The funds will be used to strengthen Terra Quantums offering around data cryptography and cybersecurity. The company also announced the development of a ferroelectric field-effect transistor with negative capacitance. Although it is not clear if this development would be applicable for a quantum computer, the company indicates it could have an impact in diagnostic imaging in the health care field because it would enable medical diagnostics using terahertz photons that may be less invasive than higher energy photons such as x-rays and UV rays. You can access Terra Quantums announcement about the increased Series A funding and the new technical development here.

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Terra Quantum Extends Their Series A Round Funding to $75 Million - Quantum Computing Report

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April 2nd, 2022
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