Consumer Internet is fun and all, but these days you’ve gotta get really futuristic if you want to turn heads. Case in point: Quantum Wave Fund, a new VC firm that’s raised $30 million to make early-stage investments in companies with new quantum technology products that are both exciting and viable.
Call it qwave, if you must.
An announcement released earlier this morning promises that, “When quantum communications and computation go mainstream, the Quantum Fund will be one of the pioneers to drive this opportunity.”
So what do we mean when we talk about quantum technology? Apparently, less shooting for the stars than innovation in techie infrastructure. The wonky potential fruits of the firm’s labors include: “safe data transmission networks, new materials with superior properties, optical sub-micron transistors, high-frequency optical electronics, new systems for ultrasensitive imaging of the brain, and compact and accurate clocks for navigation systems.”
Heading up the effort are physicist Serguei Kouzmine as managing partner and computer scientist Serguei Beloussov as venture partner, and their team “is composed of a mix of physicists with PhDs in nuclear physics, computer science, and high-tech engineers who are also experienced entrepreneurs.”
The fund will be headquartered in Boston, which means New York needs to get cracking on teleportation if we want to keep up.
(h/t Dan Primack)