Nu Quantum secures $60 million Series A investment - Data Center Dynamics
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Nu Quantum secures $60 million Series A investment Money to accelerate development of quantum networking tech December 12, 2025 By Dan Swinhoe Have your say Facebook Twitter LinkedIn Reddit Email Share UK quantum computing firm Nu Quantum has secured $60 million in new investment.The company this week closed its oversubscribed Series A funding round led by National Grid Partners, including participation from Gresham House Ventures and Morpheus Ventures. – Nu Quantum Nu said the round also featured continued support from existing investors Amadeus Capital Partners, IQ Capital, Ahren Capital, Cambridge Enterprise Ventures, East Innovate, NSSIF, and Sumitomo (Presidio Ventures).The company claimed it is the largest financing round ever raised by a pure-play quantum networking company, and the largest quantum Series A in the UK to date.Founded in 2018 as a spin-out of the University of Cambridge, Nu Quantum is looking to develop a photonic optical switching technology that interconnects quantum processors into a more powerful distributed quantum computer. The company has developed 19-inch rack-mount Quantum Networking Units (QNUs).The funding will be used accelerate Nu Quantum’s goal to reach fault tolerance by interconnecting quantum processors into a more powerful distributed quantum computer, and go towards the firm’s next phase of product development and deployment.Dr. Carmen Palacios-Berraquero, founder and CEO of Nu Quantum, said: “When we launched seven years ago, very few were thinking about networked or distributed quantum computing as a strategy for scaling, but we saw it as one of the most urgent and challenging outstanding problems in the industry, and set out to solve it. We’ve made great strides in shaping the market and the technology since then."As we’ve grown, I’m proud we have created a culture defined by fearless innovation, and fuelled by collaboration and diversity under a shared mission to accelerate quantum computing for good. This investment validates our vision and the maturity of our solution as the path to scaling. I’d like to warmly thank the Nu Quantum team for their achievements, and our investors for their support.”National Grid Partners is the venture investment and innovation arm of UK energy firm National Grid.
Gresham House Ventures is part of Gresham House, a specialist alternative asset management group. Founded in 2016, Morpheus Ventures is a California-based early-stage investment firm.Steve Smith, chief strategy and regulation officer of National Grid and president of National Grid Partners, said: “We are closer to quantum computing having an impact on businesses and lives than many people think. Nu Quantum is at the forefront of bringing this powerful technology closer to market and using it to solve real-world challenges today.” Subscribe to The Investment & Markets Channel for regular news round-ups, market reports, and more. Create an Account to Subscribe Now More in Investment / M&A / Financing 20 Aug 2025 US gov’t explores equity stakes in Intel and others to receive CHIPS Act funds 19 Nov 2025 Crusoe raises $1.375bn in latest funding round Episode Mapping the trillion-dollar buildout More in HPC & Quantum 15 Aug 2025 Cesga's new data center will house Spain's Finisterrae IV supercomputer 03 Sep 2025 Roadrunner Venture Studios selected to lead $25m quantum initiative in New Mexico 25 Jun 2025 MARA partners with TAE Power to deploy demand response BESS to mitigate impact of HPC loads Facebook Twitter LinkedIn Reddit Email Share Tags Gresham House Morpheus National Grid National Grid Partners Nu Quantum Quantum Computing quantum networking