Seeqc secures $5 million from M Ventures, the strategic corporate venture capital arm of Merck

Seeqc, a New York (Elmsford), USA-based developer of a digital quantum computing platform for global businesses, announced getting into an investment agreement for getting funded with $5 million.

The money was raised from a strategic investor, the German pharmaceutical giant, Merck, and was part of a large partnership for providing help to develop the company's R&D efforts to develop useful application-specific quantum computers. Merck invested through Merck Ventures (M Ventures).

Seeqc, founded as a spinoff of Hypres, the world’s leading developer of superconductor electronics,  is developing a new approach to making quantum computing useful, via fully Digital Quantum Computing. The solution combines classical and quantum computing to form an all-digital architecture through a system-on-a-chip design that utilizes 10-40 GHz superconductive classical co-processing to address the efficiency, stability and cost issues endemic to quantum computing systems.

Prior to this round, Seeqc secured a $6.8 million seed round from investors including BlueYard Capital, Cambium, NewLab and the Partnership Fund for New York City.