Nu Quantum - About the company
Nu Quantum is a series A company based in Cambridge (United Kingdom), founded in 2018 by Carmen Palacios-Berraquero and Matthew Applegate. It operates as a Developer of photonic quantum networking hardware. Nu Quantum has raised $72.1M in funding from investors like Amadeus Capital, IQ Capital and National Grid Partners, with a current valuation of £*****. The company has 47 active competitors, including 17 funded and 4 that have exited. Its top competitors include companies like Acacia, Ayar Labs and memQ.
Company Details
Developer of photonic quantum networking hardware that enables modular quantum computers to communicate through high-fidelity optical interconnects. Its networking units generate, distribute, and manage photonic entanglement to connect multiple quantum processing units (QPUs) over optical links. The company's technology enables distributed, modular quantum computing architectures and forms a key building block for future quantum data centres and the quantum internet
- Website
- www.nu-quantum.com/
- Social
- Email ID
- *****@nu-quantum.com
- Registered Address
- Max Accountants Limited The Ketton Suite, King Centre, Main Road, Barleythorpe, Oakham, Rutland, England, LE15 7WD
Key Metrics
Founded Year
2018
Location
Cambridge, United Kingdom
Stage
Series A
Total Funding
$72.1M in 5 rounds
Latest Funding Round
Post Money Valuation
£***** as on Sep 22, 2020
Investors
Ranked
3rd among 47 active competitors
Employee Count
97 as on Sep 30, 2026
Legal entities associated with Nu Quantum
Nu Quantum is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
NU QUANTUM LTD CIN: 11568868 , United Kingdom, Active | Sep 13, 2018 | - | 46 (As on Sep 30, 2024) |
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Nu Quantum's funding and investors
Nu Quantum has raised a total funding of $72.1M over 5 rounds. Its latest funding round was a Series A round on Dec 10, 2025 for $*****. 11 investors participated in its latest round. Nu Quantum has 23 institutional investors.
Here is the list of recent funding rounds of Nu Quantum:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 10, 2025 | 8667882 | Series A | 2507798 | 6257483 | 7744728 | 6891722 |
Nov 03, 2023 | 7533834 | Seed | 2309722 | 4250272 | 2208350 | |
Oct 05, 2020 | 8784218 | Seed | 5068662 | 8137065 |
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Nu Quantum's founders and board of directors
Founder? Claim ProfileThe founders of Nu Quantum are Carmen Palacios-Berraquero and Matthew Applegate. Carmen Palacios-Berraquero is the CEO of Nu Quantum.
Here are the details of Nu Quantum's key team members:
- Carmen Palacios-Berraquero: Co-Founder & CEO of Nu Quantum. They serve on the board of 1 company.Contact Info: 1 email address
- Matthew Applegate: Former Co-Founder of Nu Quantum. They serve on the board of 1 company.
Nu Quantum's Board of Directors
Nu Quantum's board has 3 active members. Carmen Palacios-Berraquero is part of team and Anne Margaret Glover and Robert Sutor are independent board members.Here is the list of Nu Quantum's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 0m | |
ejlrt{i | Team | - | Past | 1y 7m |
Independent board member | - | Current | 5y 3m | |
wzgwzee | Independent board member | - | Current | 1y 7m |
jlktboa | Independent board member | - | Past | 5y 6m |
View details of Nu Quantum's Founder profiles and Board Members
Nu Quantum's employee count trend
Nu Quantum has 97 employees as of Sep 26. Here is Nu Quantum's employee count trend over the years:
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Nu Quantum's Competitors and alternates
Top competitors of Nu Quantum include Acacia, Ayar Labs and memQ. Here is the list of Top 10 competitors of Nu Quantum, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1591169322455.png?devicePixelRatio=2&height=30&width=30){kind=logo} Acacia 2009, Maynard (United States), Acquired | Provider of high-speed coherent optical interconnect products | $20M | 67/100 | |
2nd |  Ayar Labs 2015, San Jose (United States), Series E | Developer of optical interconnect solutions for artificial intelligence infrastructure applications | $1.02B | 67/100 | |
3rd |  Nu Quantum 2018, Cambridge (United Kingdom), Series A | Developer of photonic quantum networking hardware | $72.1M | 67/100 | |
4th |  memQ 2021, Chicago (United States), Series A | Provider of chip device technology services for quantum information storage and processing | $12.5M | 61/100 | |
5th |  Avicena 2019, Sunnyvale (United States), Series B | Developer of microLED interconnects for high-bandwidth communication in AI data centers | $120M | 58/100 | |
6th | Spectra7 2010, San Jose (United States), Acquired | Manufacturer of thinner optical semiconductor interconnects for display devices | $11M | 57/100 | |
7th | Quintessent 2019, Santa Barbara (United States), Series A | Developer of optical connectivity solutions for scaling computing and artificial intelligence | $51.6M | 57/100 | |
8th | Delft Circuits 2016, Delft (Netherlands), Series A | Provider of flexible microprocessors for quantum computing | $6.76M | 55/100 | |
9th | Integrated circuits for parallel optical interconnects | $10.4M | 51/100 | ||
10th |  Welinq 2022, Paris (United States), Seed | Provider of quantum networking solutions for scalable quantum computing | $5.43M | 50/100 |
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Nu Quantum's Investments and acquisitions
Nu Quantum has made no investments or acquisitions yet.
Reports related to Nu Quantum
Here is the latest report on Nu Quantum's sector:
News related to Nu Quantum
Filter this listMedia has covered Nu Quantum for a total of 5 events in the last 1 year, 2 of them have been about people movement and 1 about company updates.
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Atom Computing and Nu Quantum Partner to Unlock Utility-Scale Quantum ComputingHpcwire•Jun 17, 2026•Nu Quantum, Atom Computing
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Nu Quantum appoints Dr. Maria Maragkou as VP of Business DevelopmentNu Quantum•Mar 11, 2026•Nu Quantum
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Nu Quantum Opens Trapped‑Ion Quantum Networking Laboratory in CambridgeNew Electronics•Feb 10, 2026•Nu Quantum
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Nu Quantum Raises $60M Series A in Largest Financing Round for Quantum Computer NetworkingBusiness Wire•Dec 10, 2025•Ahren, IQ Capital, Amadeus Capital, University of Cambridge and 12 others
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Nu Quantum Launches Quantum Datacenter Alliance with Cisco, NTT Data, OQC, QphoX, Quantinuum, and QuEraHpcwire•Feb 25, 2025•Nu Quantum
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Nu Quantum Unveils Qubit-Photon Interface to Enable Distributed Quantum Computing NetworksHpcwire•Oct 15, 2024•Nu Quantum
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Nu Quantum and NQCC Lead Effort to Network Quantum Processors in the UKHpcwire•Oct 04, 2024•Nu Quantum, NQCC
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