Nord Quantique has secured US $ 30 million in new investment as the Canadian quantum computing specialist accelerates its roadmap towards fault-tolerant quantum systems by 2030.
The company, which focuses on quantum error correction and hardware-efficient quantum computing, said the funding validates its strategy of building scalable systems with fewer qubits and lower capital requirements than conventional approaches.
“ Our hardware-efficient approach to quantum computing requires a fraction of the qubit overhead and a fraction of the capital,” said Julien Camirand Lemyre, CEO and Co-founder, Nord Quantique.“ We aren’ t interested in building the biggest or most expensive machine. Our goal is to build the most efficient one.”
The latest funding follows significant government-backed support. Nord Quantique previously secured US $ 16 million through Canada’ s Quantum Champions Program and advanced to Stage B of DARPA’ s Quantum Benchmarking Initiative, receiving US $ 5 million with the potential for up to an additional US $ 10 million during the current phase. Stage C of the programme could unlock as much as US $ 300 million in further funding.
Nord Quantique’ s architecture uses bosonic codes and multimode logical qubits to correct errors directly at the qubit level. The company said this enables a 1:1 logical-to-physical qubit ratio, faster clock speeds and scalable quantum systems compatible with data centre environments.
Investors participating in the round include BDC, Fidelity Investments Canada ULC, Panache Ventures, Presidio Ventures, Quantacet, Quantonation and Real Ventures. Nord Quantique said the combined private and public backing reflects growing confidence in its ability to deliver large-scale quantum computing systems within the next decade.
QUEBEC
Gradiant has closed a Series E financing round that values the advanced water technology company at US $ 2 billion, as demand surges from AI infrastructure, semiconductor manufacturing and other industrial sectors.
The financing was led by Safar Partners and Hostplus Superannuation Fund, with participation from ClearVision Ventures and other international investors. The company said the funding will support global expansion, strategic acquisitions, accelerated research and development, operational scaling and IPO readiness.
Gradiant said commercial momentum has accelerated rapidly due to growth in AI infrastructure and semiconductor fabs, industries placing increasing pressure on global water resources. The company reported its largest backlog and strongest sales pipeline to date, alongside continued expansion across power generation, pharmaceuticals, food and beverage, mining, petrochemicals and energy.
“ AI is re-making the global economy, but behind every chip and every data center lies massive and growing water demand,” said Anurag Bajpayee, Co-Founder and Executive Chairman, Gradiant.“ Gradiant sits at the center of this transformation.”
Gradiant’ s proprietary technologies, supported by its digital AI platform, help customers secure water supplies, maximise reuse, reduce wastewater discharge and lower energy consumption in water-intensive industries.
“ The convergence of AI infrastructure, semiconductor manufacturing growth, industrial sustainability and water scarcity is creating a once-in-a-generation opportunity,” said David Elia, CEO of Hostplus Superannuation Fund.
Safar Partners said Gradiant’ s profitability, differentiated technology and global scale position it among the world’ s most important industrial technology companies.
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