Quantonation, the leading early-stage investment fund dedicated to quantum technologies, announced yesterday that it has invested in Paris-based Pioniq Technologies through its fund Quantonation II. Pioniq Technologies is developing novel solid-state energy storage devices utilizing quantum materials. Quantonation stated that the pre-seed funding it provided would enable Pioniq to bring its first products to market while continuing to research innovative energy materials using quantum simulation.

Quantum computing startup Oxford Quantum Circuits (OQC) has recently appointed Nick Dixon-Clegg as a member of its Board of Directors. Nick is Head of Investments at Oxford Scientific Enterprises and has considerable finance experience including serving as a Board Director at over a dozen companies. 

Quantum design automation software developer QC Design announced yesterday that it has been selected for the Accelerator program by the European Innovation Council (EIC) and has received €4 million in funding from the program. The company said that the Accelerator program provides it with €2.5 million in the form of a grant and an additional €1.5 million in seed-round equity investments.

The Hyperform consortium, funded by the European Union and the plan French 2030, is developing quantum secure solutions capable of protecting sensitive data from quantum computer attacks. The consortium, consisting of eight leading French enterprises in the field of network security and post-quantum cryptography, has secured an investment of more than 7.5 million euros.