Yaqumo Inc., a Japanese startup developing neutral-atom quantum computers, announced that quantum tech VC Quantonation has invested in its Seed Extension round. This is Quantonation’s first investment into a Japanese company.
The investment amount has not been disclosed, although Yaqumo revealed that the investment instrument is the J-KISS Convertible Equity (Series 1), a streamlined convertible equity instrument designed specifically for the Japanese startup ecosystem. It allows startups and investors to raise funds quickly and flexibly without determining an initial valuation, as the investment automatically converts into equity during the next priced funding round.
With this funding, Yaqumo will accelerate its core R&D in neutral-atom quantum hardware, drive the commercialization of its technology, expand its team of scientists and engineers, and forge strategic partnerships with enterprises and research institutions globally.
“Yaqumo’s team and vision are highly compelling from the perspective of making quantum technology practical. Having invested in quantum startups across the US, Europe, and beyond, Yaqumo stands out as one of the most promising quantum computing hardware companies, which is why we are proud to make them our first investment in Japan. We have strong confidence in Japan’s quantum science research foundation and Yaqumo’s business potential, and we are fully committed to supporting their growth,” said Olivier Tonneau, Partner at Quantonation.
“We are incredibly honored to be selected as the first Japanese investment by Quantonation, a top-tier global investor that has explored and funded quantum technology companies worldwide. We view this not only as a strong validation of Yaqumo’s technology and potential but also as proof that Japan’s quantum industry is commanding global attention. With this funding, we will further accelerate our technology development and business expansion to contribute to the advancement of quantum technology globally,” said Kazuhiro Nakashoji, CEO of Yaqumo.
