What does Sparrow Quantum do?
Sparrow Quantum specializes in developing photonic quantum chips that utilize on-chip deterministic single-photon sources. This technology is designed to power quantum computers that offer faster processing speeds, particularly enhancing generative AI and quantum-optimized machine learning capabilities.
How much did they raise?
The company raised €21.5M in Series A funding. The round was spearheaded by PensionDanmark with additional participation from EIFO, Novo Holdings, 2xN, LIFTT, and the European Innovation Council.
What are their plans for the money?
The funds are earmarked to accelerate the development and commercialization of Sparrow Quantum's photonic quantum chip technology. This investment is expected to further enhance quantum processing capabilities and drive advancements in generative AI and machine learning applications.
What have they achieved so far?
Originating as a spin-out from Professor Peter Lodahl’s research group at the Niels Bohr Institute, Sparrow Quantum has already made significant strides by developing an innovative on-chip deterministic single-photon source, paving the way for more reliable and faster quantum computing solutions.
