Swiss deep-tech innovator CCRAFT has successfully finalized an oversubscribed $7.8 million USD (CHF 6.3 million) Series A funding round led by QBIT Capital, with active capital injections from Zürcher Kantonalbank, Apprecia Capital, Spacewalk, and Blue Wonder Ventures. When combined with an additional $3.5 million USD in previously secured public funding and cantonal grants, the company's [...] The post CCRAFT Secures $11.3 Million and Expands Independent TFLN Photonic Chip Foundry appeared first on Quantum Computing Report .
The Series A funding round for CCRAFT, combined with previous public funding, marks a significant financial commitment to advanced photonic chip development amidst increasing global competition in compute infrastructure.
This investment boosts the independent European capacity for advanced chip manufacturing, critical for quantum computing and other high-performance computing applications, reducing reliance on existing geopolitical compute supply chains.
CCRAFT now has significantly more capital to scale its TFLN photonic chip foundry, accelerating the development and potential commercialization of next-generation optical chips.
- · CCRAFT
- · European deep-tech sector
- · Quantum computing industry
- · Photonics industry
- · Competitors with less advanced or poorly funded photonic chip solutions
- · Regions heavily reliant on external advanced chip supply
Increased production capacity and accelerated innovation in TFLN photonic chips.
Enhanced European autonomy in critical quantum and high-performance computing hardware components.
Potentially enables new forms of quantum computing or other advanced technologies due to accessible and diversified chip supply.
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