Qolab Secures Series A Investment

by Taylor Kennedy

Qolab

Qolab received a Series A investment from Applied Ventures, the venture capital arm of Applied Materials, the company announced today.

“Our collaboration with Applied Materials and other leading semiconductor partners, as outlined in our published roadmap, reflects a collective semiconductor industry effort to bring quantum computing to scale,” Qolab CEO Alan Ho said in a statement.

According to a release, Qolab looks to accelerate the development and scalable manufacturing of superconducting qubits.

The investment amount was not disclosed.