Quantum computing manufacturer TreQ has closed an oversubscribed seed round, raising more than $5 million to scale its quantum computing infrastructure.
Lavrock Ventures led the funding round, which included participation from the Creator Fund, Green Sands Equity, and Firstminute Capital. As part of the deal, Steve Smoot from Lavrock will serve on TreQ’s board of directors.
Commenting on the funding round, Smoot stated: “We’re ecstatic to back the TreQ team because of their extraordinary quantum expertise and vision to fill an important gap in this quickly growing market.”
Founded in 2023, TreQ designs, manufactures, and operates bespoke, open-architecture quantum computing clusters. The firm aims to use the new funding to scale its manufacturing operations and gain a foothold in various industries, including, healthcare, logistics, and finance.
The company, which is based in both the UK and Virginia in the US, is also planning to grow its team, recruiting engineers and technicians to help expand its supply chain, build its first systems, and deploy these systems across its client base.