The Series A funding round was co-led by Global Frontier Investments and LCP Quantum Partners, with current investor Maverick Ventures and new investor Foundry Group also participating. The funding will be used to advance the development of quantum computers, quantum positioning systems, and real-time quantum signal processing based on ColdQuanta's Quantum Core™ technology. Tyler Brous, Managing Director and Portfolio Manager of Lennox Capital Partners, LP, will join the ColdQuanta board of directors.

With the addition of the Series A funding, the total amount raised by the company is $48.75M. ColdQuanta has also been awarded cumulative R&D funding from government contracts and grants of over $30M.

ColdQuanta leads the market in commercializing quantum atomics, the next wave of the information age. The company's Quantum Core™ technology is based on ultra-cold atoms cooled to a temperature of nearly absolute zero; lasers manipulate and control the atoms with extreme precision. ColdQuanta manufactures components, instruments, and turnkey systems that address a broad spectrum of applications: quantum computing, timekeeping, navigation, radiofrequency sensors, and quantum communications. ColdQuanta's global customers include major commercial and defense companies; all branches of the U.S. Department of Defense; national labs operated by the Department of Energy, NASA, and NIST; and major universities. ColdQuanta is based in Boulder, CO, with offices in Madison, Wisconsin, and Oxford, UK.