Utility-scale quantum hardware developer Qolab Inc. has announced the final closings of its $54.2 million USD Series B financing round. The capital pool consists of primary Series B Preferred Stock investments combined with the conversion of $12.6 million in convertible debt and an additional $10 million structured commitment for future convertible securities. The oversubscribed round [...] The post Qolab Closes $54.2 Million Series B to Accelerate Scalable Superconducting Quantum Processors appeared first on Quantum Computing Report .
Source: Quantum Computing Report — read the full report at the original publisher.