Qolab
Assembly Line
Qolab Secures over $16.0 Million in Series A Financing
Qolab, Inc. a leader in superconducting quantum computing, announced today that it secured over $16.0 million to date in its Series A financing round, led by Octave Ventures with co-investment from the Development Bank of Japan Inc. (DBJ), Wisconsin Alumni Research Foundation (WARF), and Phoenix Venture Partners. This investment represents a significant step in Qolab’s mission to develop utility-scale quantum computing technology by advancing scalability in quantum systems. Qolab is developing a new generation of high-coherence qubits that will overcome the limitations of current technologies. The Series A funding will enable Qolab to expand its team of quantum scientists and engineers, accelerate development cycles, and scale its superconducting quantum processors.