Rotonium, announces that it has raised a million euro seed investment to advance its industrial research in the field of quantum computers, taking a further step towards the realisation of a photon quantum processor. The round was fully subscribed by Galaxia, the National Technology Transfer Centre for Aerospace, set up on the initiative of CDP Venture Capital‘s Tech Transfer Fund together with Obloo Ventures.
The deeptech startup was founded in 2022 in Friuli Venezia Giulia, is incubated at Le Village by CA Triveneto in Padua, and aims to decentralise quantum computing thanks to a new and innovative single-photon qubit, which will allow all the components of a quantum computer to operate at room temperature, enabling its miniaturisation and enabling its application in all operating conditions: on the ground, in the sky and in space.
The seed investment allows Rotonium to develop further photonic components to verify the performance of this new architecture and pave the way for the design of a commercial quantum processor. Thanks to the new capital, the start-up can now accelerate the integration tests of all components and the expansion of the team, with the aim of becoming the benchmark of edge quantum computing.
Fabrizio Tamburini co-founder and chief quantum officer (CQO) of Rotonium tells Startupbusiness: ‘Galaxia’s investment will allow us to accelerate the development of our innovative single-photon qubit-based quantum computer. This investment not only validates our vision to revolutionise quantum computing, but also gives us the opportunity to push the boundaries of the technology, bringing the power of quantum computing to extreme environments, including space and other extreme conditions. Our unique architecture, designed to operate reliably at room temperature, represents a major step towards miniaturisation and portability of quantum computers. With Galaxia’s support, we are ready to scale up our research and development activities and begin demonstrating our system’s capabilities in real-world applications. This is just the beginning, and we are excited to continue pushing the boundaries of what is possible in the world of quantum computing.”
Roberto Siagri, co-founder and CEO of Rotonium adds: “We are extremely proud to announce the closing of our seed investment round fully subscribed by Galaxia, which shares our vision. Our innovative approach to building photon quantum computers, capable of operating in extreme environments, represents a radical change from traditional technologies. This investment allows us to pursue our research and development activities with greater momentum, but above all brings us closer to our ultimate goal: to make quantum computing an accessible and versatile reality, capable of operating in any environment, even in space. We look to the future with great optimism, convinced that our technology will have a transformative impact in many critical areas. I would like to thank the Galaxia team that has believed in us from the beginning and will support us in this exciting adventure. The future of quantum computing is bright, and we look forward to showing the world what we can achieve with our innovative technology.”
Claudia Pingue, senior partner and head of CDP Venture Capital’s Technology Transfer Fund, says in a note: “Rotonium’s team impressed us with the right combination of scientific and entrepreneurial skills, combined with an innovative vision of quantum computers and their potential market. Their solution enables the use of unprecedented computing capabilities at the edge, directly in orbit, without requiring complex installations and with energy requirements compatible with those available in the space environment. We are entering the era of the quantum utility: the time is right for a change of pace and perspective in the design and widespread use of quantum computers’. (Photo: Rotonium co-founders)
ALL RIGHTS RESERVED ©