Qolab Raises $54.2 Million Series B to Scale Superconducting Quantum Computing
Updated
Updated · Santa Barbara Independent · Jul 15
Qolab Raises $54.2 Million Series B to Scale Superconducting Quantum Computing
1 articles · Updated · Santa Barbara Independent · Jul 15
Summary
$54.2 million in Series B financing and commitments will fund Santa Barbara-based Qolab’s push to develop more scalable, lower-cost quantum computing systems.
UC Investments led the round, which Qolab said will accelerate its superconducting platform and support broader partnerships across the University of California ecosystem and globally.
Qolab builds on work by co-founder and CTO John Martinis, who won the 2025 Nobel Prize for advances that helped establish superconducting quantum computing.
That research previously produced a 53-qubit processor in Martinis’s UCSB-Google Quantum AI collaboration, linking Qolab’s fundraising to efforts to turn lab breakthroughs into manufacturable technology.
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Qolab Raises $54.2M Series B to Advance Scalable Superconducting Quantum Computing and Global Expansion
Overview
Qolab recently secured $54.2 million in Series B funding, marking a major milestone for the company’s growth and innovation in superconducting quantum computing. This new capital will be used to address key technical challenges, especially overcoming interconnect and packaging constraints that have historically limited the coherence times of quantum systems as they scale. By strategically deploying these funds, Qolab aims to advance its quantum computing platform and strengthen its global partnerships, building on its existing momentum and positioning itself as a leader in the rapidly evolving quantum technology landscape.