Quantum leap for Cambridge University spin-out
Great things are expected of an exciting tech tyro that has spun out of the University of Cambridge.
Nu Quantum was founded in 2018 to develop real-world technology based on research generated over the last decade at the world famous Cavendish Laboratory.
It is about to close a pre-seed round which will take the business through the R & D development phase; the legals should be complete around the end of August. Business Weekly has agreed not to disclose the likely amount until the paperwork is finalised.
In a year or so Nu Quantum would then consider raising a further £2 million scale-up capital.
The premise for the startup, which is currently based at Cavendish, is that in an increasingly digital world we are becoming ever-more reliant on the integrity and resilience of our infrastructure to maintain both our freedom and our safety.
Nu Quantum says it is evident that today’s classical cybersystems are vulnerable and that, as we enter the quantum era and strive for absolute privacy, quantum-era technology urgently needs to be employed.
Nu Quantum has created a portfolio of patented and ground-breaking single-photon components fundamental to the realisation of commercially-viable photonic quantum technologies.
By combining novel materials and semiconductor technology, Nu Quantum’s single-photon components achieve high-performance operation at room temperature. Its proposition encompasses:-
- Source technology – Nanoengineered materials for the generation of light at the quantum level.
- Detector technology – Nanoengineered materials for the ultra-sensitive detection of light.
- Encryption key generation – Fundamental algorithms and protocols for the high-rate generation of secure keys.
- Satellite links – End-to-end free-space quantum encryption links, enabling the secure exchange of cryptographic keys worldwide.
CEO of the business is Dr Carmen Palacios-Berraquero, co-inventor of Nu Quantum technology, national award-winning physicist and leader of pro-equality action in science and beyond. She tells Business Weekly that the company is already engaged in talks with potential partners in key verticals such as aerospace and telecoms.
Fellow founder and CTO Dr Matthew Applegate is a computer scientist, mathematician, and industry expert turned quantum physicist and award-winning co-inventor of Nu Quantum technology.
CSO and co-founder Professor Mete Atatüre is a global expert on quantum optics and its applications, leading groundbreaking research at the Cavendish for over 10 years.
The other founder and CBO is Yuri Andersson, a serial technology entrepreneur with over 20 years’ experience as a scientist, director, manager, mentor and investor.
Nu Quantum has some impressive investors and business builders as partners, including Hermann Hauser’s Amadeus Capital Partners, Martlet – the angel investment vehicle of Marshall of Cambridge – Innovate UK and the university’s commercialisation arm, Cambridge Enterprise among others. The business is in the throes of ramping headcount in Cambridge – visit http://nu-quantum.com for current vacancies.