High profile new chair to spur fresh growth for Nu Quantum
Nu Quantum, the Cambridge quantum photonics company, is pushing its technology harder and faster globally following the appointment of a high profile chair and non executive director – Dr Hemant Mardia.
Nu Quantum develops technologies that emit and detect single photons. Its quantum photonic hardware enables the processing, communicating and securing of information encoded in single particles of light.
Hemant Mardia joins as chair as Nu Quantum approaches the launch of its first commercial product – a quantum entropy generator for cryptography.
Carmen Palacios-Berraquero, Nu Quantum’s co-founder and CEO, said: “With quantum photonics, we’re carving out a new sector. Hemant has an impressive track record in industrialising technology inventions in volume, including the world’s first certified credit card with a biometric sensor, winning transformational deals with corporates such as Nokia and obtaining finance, including IPOs, for growing companies on an international level.”
Nu Quantum has secured £3.6 million in government grants and last September raised a £2.1m seed round led by Amadeus Capital Partners in Cambridge.
Hemant is thrilled at the opportunity. He said: “I am excited to join the team at Nu Quantum at this pivotal time as it implements a state-of-the-art photonics facility in Cambridge, expands its recruitment drive and increases engagement with key industry partners.
“In my experience, strategic partnerships with large commercial operations are a game-changer for hardware startups in deep tech. Nu Quantum is already working on projects with BT and Airbus to test application of its components to cybersecurity and telecoms.
“The benefits of quantum photonics systems in areas such as advanced imaging, sensing, quantum computing and simulation are becoming unmissable for companies providing services from environmental sensing to cloud security to communications.
“I look forward to helping the company grasp these opportunities, focus on key market applications and prepare itself for rapid scaling.”
Matthew Applegate, Nu Quantum’s co-founder and CTO, added: “We are very pleased to welcome Hemant to Nu Quantum. He will provide invaluable guidance as we mature our technology and get ready to scale. Hemant has just the right experience in building emerging hardware product businesses to guide us through this crucial next phase.”