Stockholm-based FirstQFM AB, a quantum technology company, has successfully raised €1.2 million in pre-seed funding, spearheaded by BSV Ventures with contributions from Almi Invest, Further Than Capital, and Luminar Ventures. The funds are earmarked for the development of the company’s proprietary technology, which aims to enhance the reliability and scalability of quantum computers. FirstQFM is focusing on overcoming technical challenges such as device calibration and error correction, crucial for the usability of current quantum systems. The company collaborates closely with quantum hardware developers to pave the way toward fault-tolerant quantum computing. CEO Vish Ramakrishnan emphasized the importance of this funding in advancing the company’s patent-pending technology and ongoing pilot projects. CTO Isaiah Hull highlighted the role of their technology in improving device performance and scalability, while partners from the investing firms expressed confidence in the transformative potential of FirstQFM’s solutions across various industries.
Has Sweden’s FirstQFM secured €1.2 million to advance quantum foundation models?
