On November 19, 2024, Lightsynq Technologies, a start-up developing quantum interconnect technology solutions for commercial use, emerged from stealth and announced a successful raise of $18 million in Series A funding. The round was led by Cerberus Ventures, the venture investing platform of Cerberus Capital Management, with participation from Murata Electronics North America, IAG Capital Partners, Safar Partners, QVT, Element Six, and In-Q-Tel. Wilson Sonsini Goodrich & Rosati advised Lightsynq on the transaction.

Lightsynq is developing technology to tackle the crucial challenge of connecting individual quantum computers into a larger network. This initiative is set to overcome the constraints of scaling a single system. Lightsynq will use the capital to build the company's proprietary quantum interconnect technology, which is based on color centers in diamond photonic devices and combines quantum networking with scalable photonic fabrication. This unique solution will pave the way for large-scale production of quantum interconnects, allowing for an increase in usable qubits across networks and accelerating the broader application of quantum computing.

The Wilson Sonsini team that advised Lightsynq on the transaction includes Allison Spinner, Andy Gillman, Barath Chari, Alex Youssef, Won Gi Chong, and Julia Anderson.

For more information, please see Lightsynq's news release.