Quantum computing company TreQ Global announced that it closed an oversubscribed seed round at over $5 million. Lavrock Ventures led the round, with Creator Fund, Green Sands Equity, and firstminute capital joining the syndicate. And Lavrock’s Steve Smoot will join TreQ’s Board of Directors.
Engineers at TreQ design, manufacture, and operate bespoke, open-architecture quantum computing clusters. And the company serves clients building on-premises quantum-readiness infrastructure for businesses, institutions, and communities worldwide.
TreQ’s veterans will deploy this investment capital to grow its talented team, expand its supply chain, build its first systems, and deploy these systems where clients need them. And TreQ’s approach marks a major departure from single-technology and lab-based quantum computing. And the company focuses on open-architecture design, systems engineering, and high-level manufacturing.
By integrating innovative components and processor prototypes from a variety of sources, TreQ offers complete quantum systems that expand the frontier of high-performance computing. And this enables quantum computing pioneers to de-risk their investments with capital efficient, upgradable, extensible solutions that are compatible with their computing infrastructure.
TreQ plans to scale its manufacturing operations going forward. And with a proven team, projected near-term profitability and an agile, capital-efficient business model, the company offers a differentiated risk-management strategy in a deep tech industry. Plus, TreQ aims to drive breakthroughs that will benefit a range of industries. From energy and environmental stewardship to healthcare, logistics, and finance, quantum computing has the potential to reshape business, security, and scientific exploration.
KEY QUOTES:
“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.”
-Steve Smoot
“We’re growing our team of trailblazers. With a stewardship mindset, we’re setting the conditions for thriving at our company and in our industry.”
-Mandy Birch, TreQ’s CEO and Founder
“This is a company to watch! Mandy’s an inspiring leader with deep executive engineering expertise in both government and industry. I’m delighted to be on this journey with her and the TreQ team.”
-Board Chair David Ferran
