UK’s Nu Quantum Raises $60 Million in Round Led by National Grid - Bloomberg.com
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TechnologyGiftGiftGift this articleAdd us on GoogleIn this ArticleHoneywell International Inc190.17Arrow Down0.95%FollowFollowSumitomo Corp5,149.00Arrow Up1.50%FollowFollowContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowGiftBy Isabella WardDecember 10, 2025 at 10:30 AM GMT+5:30BookmarkSaveTranslateListen2:10Takeaways by Bloomberg AIHideChevron UpNu Quantum raised $60 million in one of the largest Series A rounds raised in the UK, with National Grid Partners as the lead investor.The startup plans to use the funds to build a testbed that demonstrates its ability to link quantum processing units and secure partnerships with companies developing quantum computers.Nu Quantum's co-founder and CEO expects the company to raise its next round in the second half of 2027, after investors bet on advances in the frontier technology of quantum computing.Nu Quantum, a British startup that builds networking infrastructure to link and scale quantum computers, raised $60 million in one of the largest Series A rounds raised in the UK, as investors bet on advances in the frontier technology.
National Grid Plc’s Silicon Valley-based venture arm, National Grid Partners, was the lead investor as the UK utilities firm explores using quantum computers for energy and grid optimization, Nu Quantum said in a statement Wednesday. Venture capital firms Morpheus Ventures and Gresham House Ventures also joined the oversubscribed round, which the startup said originally targeted between $40 and $50 million.ExpandCarmen Palacios-BerraqueroSource: Nu QuantumQuantum computing, an emerging technology that promises to vastly increase processing power, is attracting venture capital even as practical applications remain years away. Investors view it as the next frontier in high-performance computing, built on a fundamentally different architecture that could crunch data far faster than today’s machines.The artificial intelligence boom that’s pouring money into processing units and data centers has helped Nu Quantum draw investors, co-founder and Chief Executive Officer Carmen Palacios-Berraquero said in an interview. “They can see that advancements in computing hardware can really transform and open really huge markets,” she said. Read More: 1,900% Stock Gains and Hate Mail: Welcome to Quantum InvestingThe University of Cambridge spin-out plans to use the funds to build a testbed that demonstrates its ability to link quantum processing units, according to Palacios-Berraquero. Nu Quantum will work to secure partnerships with companies developing quantum computers and processing units, starting with firms building from trapped ions, she said. Companies including IonQ Inc. and Honeywell International Inc.’s Quantinuum are developing that technology, which uses electromagnetic fields to suspend charged atoms and is seen as a way to build scalable quantum computers. ExpandQuantum computing, an emerging technology that promises to vastly increase processing power, is attracting venture capital even as practical applications remain years away.Source: Nu QuantumAll existing investors, including Amadeus Capital Partners, IQ Capital, and Sumitomo Corp’s Presidio Ventures, participated in the round. The company declined to gives its latest valuation. Palacios-Berraquero said she expects Nu Quantum to raise its next round in the second half of 2027.LinkCopy LinkFollow all new stories by Isabella WardPlus FollowingPlus Get AlertsPlus Get AlertsXGiftBookmarkSaveContact us:Provide news feedback or report an errorSite feedback:Take our SurveyNew WindowConfidential tip?Send a tip to our reportersBefore it's here, it's on the Bloomberg TerminalBloomberg Terminal LEARN MOREMost ReadNetflix’s Sarandos Wooed Trump in Person Ahead of Warner BidMario Gabelli Signals Support for Paramount in Warner FightParamount Ups Warner Bros.
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