Vescent – a leader in Quantum 2.0 Technologies Enabling Commercialization – announced it had closed a $5 million Series Seed funding round led by Corporate Fuel, with additional participation from Caruso Ventures.
This funding round accelerates the company’s new product introduction, scales manufacturing to meet customer demand, and expands its market reach, building on its foundation of reference-level quantum expertise and existing commercialization and manufacturing track record.
Driving the company’s new product introduction provides customers with the latest in low Size, Weight, and Power (SWaP), ruggedness, and performance for its quantum applications, with its Frequency Combs, Lasers, and Controls for quantum timing (optical clocks), quantum computing, quantum networking, and quantum sensing.
This funding round will be used to grow manufacturing infrastructure by increasing CAPEX spending and hiring more staff to meet customer demand, which is critical to supporting Vescent’s customers as they commercialize their offerings and realize their platform’s potential sooner. Improving support for existing customers and adding new customers is essential to raising Vescent to the next level.
KEY QUOTES:
“We are excited to lead Vescent’s Series Seed investment round as the Company continues to expand its key position as a core technology provider to the global quantum ecosystem. The Vescent management team is highly capable and experienced. We look forward to helping them accelerate the company’s growth and are thrilled to have found such an exciting opportunity in the quantum space.”
– Russ Fein, the managing partner of Corporate Fuel’s investment
“As a board member of Colorado’s Quantum Tech Hub, Elevate Quantum, and Managing Director of Caruso Ventures, I am excited to support Vescent as a manufacturing leader in critical quantum hardware.”
– Dan Caruso.
“Vescent is on the front lines of scaling the quantum ecosystem. Our quantum enabling solutions support both scientific and industrial customers as our commercial solutions are deployable. This capital infusion is what we need now to continue to execute. Quantum is hard, and we are ready.”
– Scott Davis, CEO of Vescent
