ColdQuanta, Inc., a Boulder, CO-based quantum atomics company, closed a $10M additional seed round equity financing.

This brings the total investment in the seed round to $16.75M.

The funding will be used to advance the development of the company’s cold atom Quantum Core™ technology, the foundation for the development of quantum computers and real-time quantum signal processing and positioning systems.

Led by Bo Ewald, CEO, ColdQuanta leverages Quantum Core™ technology which uses ultra-cold atoms cooled to a temperature of nearly absolute zero using lasers to manipulate and control the atoms with precision.

Based on its Quantum Core technology, the company manufactures components, instruments, and systems that address a broad spectrum of applications ranging from timekeeping and navigation to quantum computing, and from radiofrequency (RF) receivers to quantum communications systems. | To read full story, visit https://startuparound.com/read/1574440209.0119216/ColdQuanta-Closes-$10M-Seed-Financing-Round?ref=audio_experience