- Companies
- SEEQC
SEEQC Funding, Investors & Competitors
SEEQC has raised $59M across 4 funding rounds, most recently a $30M Series A in January 2025.
Last SEEQC funding round
$30M
Series A · Jan 2025
Cumulative funding SEEQC raised
$59M
across 4 funding rounds
Key investors in SEEQC
BlueYard Capital
EQT Ventures
M Ventures
Partnership Fund for New York City
FAM AB
Newlab
Possible Ventures
Asset Management Ventures (AMV)
About SEEQC
SEEQC is a United States quantum-computing company founded in 2018 that develops superconducting processors and cryogenic control electronics. Its architecture places qubits and classical digital logic in the same low-temperature system to reduce wiring, latency and scaling complexity. The company designs chip-based readout, control and feedback components for practical quantum data centers. It operates semiconductor and research capabilities in the United States and Europe and works with commercial, government and academic partners. Customers and collaborators use the technology for quantum-system development rather than purchasing a general-purpose cloud software subscription. Revenue is expected from processor products, engineering programs, technology licensing and collaborative development. The database spelling SeeQC refers to the same company; SEEQC is the company's current capitalization.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales, Licensing, Services
SEEQC Funding History
SEEQC has raised a total of $59M across 4 funding rounds.
SEEQC's first fundraising round was a $7M seed round in August 2019. The most recent completed round was a $30M Series A in January 2025.
SEEQC funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2025 | Series A | Booz Allen Ventures (lead); NordicNinja VC (lead); M Ventures; BlueYard Capital; Asset Management Ventures (AMV); SIP Capital; EQT Ventures; FAM AB | $30M | SEEQC, a quantum computing company founded in 2019 as a spinout from chip firm Hypres, develops digital chips using Single Flux Quantum (SFQ) technology to power full-stack quantum computing systems compatible with all quantum modalities. These microprocessor chips operate at ultra-low qubit temperatures, enabling real-time digital readout, control, and multiplexing, while replacing power-hungry analog/digital systems with 100,000x lower power consumption and up to 97% cost reduction. The proprietary PRISM firmware and software stack supports high-speed, scalable third-party applications, bridging quantum and classical computing for use cases in energy optimization, drug/material discovery, security, cryptography, and AI modeling. On January 15, 2025, SEEQC raised $30 million in a Series A extension co-led by Booz Allen Ventures and NordicNinja VC, with new investor SIP Capital and existing backers including EQT Ventures, M Ventures (Merck KGaA), BlueYard Capital, FAM AB, and Asset Management Ventures. This brings total funding to around $52-64 million across multiple rounds since 2020 investments from Merck's M Ventures and others like LG Technology Ventures. The capital will accelerate commercial rollout of the chip platform, expand the specialized foundry in Elmsford, New York, and enhance capabilities amid collaborations with NVIDIA (for ultra-low-latency quantum-GPU links announced in 2023) and BASF. SEEQC operates teams in Elmsford (NY), London (UK), and Naples (Italy), having tripled headcount since inception with a mature technology base from Hypres and IBM superconducting electronics alumni. The funding strengthens financial, geographic, and strategic positioning to address quantum bottlenecks, with Booz Allen emphasizing U.S. leadership in quantum for mission-critical applications like cybersecurity. |
| Jan 2022 | Series A | Vertical Partners | - | Vertical Partners reported a Series A investment in SEEQC during 2022 in its 2024 ColCapital portfolio disclosure. A later Vertical statement says the firm has supported SEEQC since its Series A, independently confirming the investment relationship and stage. The annual disclosure gives only the year, so no month, day, round total or Vertical check is inferred. SEEQC develops superconducting quantum processors that integrate qubits with classical digital control and readout electronics at cryogenic temperatures. The architecture is intended to reduce system complexity and make large-scale quantum computing more practical. The live database contains SEEQC financings in 2019, 2020, 2025 and 2026, but none in 2022 and none naming Vertical. This candidate preserves the manager-reported year rather than attaching the investor to one of the neighboring rounds without evidence. |
| Sep 2020 | Series A | EQT Ventures (lead); M Ventures (lead); Possible Ventures; BlueYard Capital; LG Technology Ventures; Partnership Fund for New York City; Newlab; FAM AB | $22M | SEEQC, a digital quantum computing company based in Elmsford, N.Y., develops scalable, energy-efficient, application-specific quantum computing systems using single flux quantum technologies to address challenges in qubit control and wiring for superconducting quantum computers. The company targets industries including chemical engineering, machine learning/AI, manufacturing, and pharmaceutical development to enable commercial quantum-powered breakthroughs. On September 16, 2020, SEEQC announced a $22.4 million Series A funding round led by EQT Ventures and M Ventures (which contributed $5 million, initially announced in April 2020), with participation from FAM AB, BlueYard Capital, Newlab (also listed as New Lab Ventures), and Partnership Fund for New York City (PFNY). Ted Persson from EQT Ventures joined the board, and EQT will provide financial and strategic support for technology development and commercialization. This Series A followed a $6.8 million seed round from BlueYard Capital, Cambium, Newlab, and PFNY. Later announcements confirmed additional participation from LG Technology Ventures in the same $22.4 million Series A. The investments aim to advance industrial-grade quantum computing beyond the noisy intermediate scale quantum era by disrupting analog microwave-controlled architectures with cost-efficient digital solutions. |
| Aug 2019 | Seed | BlueYard Capital; Partnership Fund for New York City; Newlab; Cambium Capital Partners | $7M | SEEQC raised $6.8 million in a seed round from BlueYard Capital, Cambium Capital Partners, Newlab, and the Partnership Fund for New York City around May 2019. This funding supported the development of its fully digital quantum computing platform, which integrates classical and quantum technologies using single-flux quantum (SFQ) digital patterns for improved efficiency, stability, speed, fidelity, and cost-effectiveness compared to traditional microwave-controlled systems. SEEQC focuses on creating commercially scalable, problem-specific quantum computing applications for industries like pharmaceuticals and materials research. The platform addresses challenges in heat, power, complexity, distance, stability, and cost by stacking classical chips over qubit arrays and operating at tens of GHz. Following the seed round, SEEQC secured additional funding, including $5 million from M Ventures in 2020, bringing total funding over $11 million at that point, and later a $22.4 million Series A led by EQT Ventures. |
Who has invested in SEEQC?
14 investors have backed SEEQC across its funding rounds, including BlueYard Capital, EQT Ventures, M Ventures, Partnership Fund for New York City, FAM AB and Newlab.
Lead investors include Booz Allen Ventures, NordicNinja VC, EQT Ventures and M Ventures.
SEEQC Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Aug 2019 | ||
| 2 | Lead | Sep 2020 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Lead | Sep 2020 | ||
| 2 | Participant | Sep 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Sep 2020 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Lead | Jan 2025 | ||
| 1 | Lead | Jan 2025 | ||
This data is available for Pro users. Sign up to see all 14 SEEQC investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSEEQC Competitors
SEEQC competitors include listed companies like KLA, Advantest, Foxconn Industrial Internet and Tokyo Electron, and private ones like Ayar Labs and Frore Systems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $14B | $6.1B | $180B | 11.7x | ||
| Publicly listed | $7.1B | $3.3B | $128B | 12.7x | ||
| Publicly listed | $135B | $7.7B | $121B | 0.6x | ||
| Publicly listed | $15B | $5.2B | $118B | 5.8x | ||
| Private | - | - | $5B | - | ||
| Private | - | - | $1.6B | - |
SEEQC Public Comps
SEEQC is still privately-owned, but its public comps include Apple, NVIDIA, TSMC, Broadcom, Samsung, Micron, AMD, SK hynix, ASML and CXMT.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $479B | $173B | 10.4x | 10.3x | 29.0x | 29.1x | |||
| $216B | $142B | 20.8x | 12.3x | 31.5x | 18.6x | |||
| $116B | $80B | 13.8x | 9.7x | 19.9x | 13.3x | |||
| $64B | $34B | 22.5x | 13.4x | 41.8x | 19.7x | |||
| $247B | $68B | 3.1x | 1.6x | 11.3x | 2.7x | |||
| $133B | $108B | 5.6x | 4.6x | 6.9x | 5.5x | |||
| $35B | $7.1B | 21.1x | 14.7x | 103.3x | 55.0x | |||
| $72B | $48B | 7.5x | 2.3x | 11.3x | 2.8x | |||
This data is available for Pro users. Sign up to see all SEEQC competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SEEQC
| When was SEEQC founded? | SEEQC was founded in 2018. |
| Where is SEEQC headquartered? | SEEQC is headquartered in New York City, NY, United States. |
| Is SEEQC publicly listed? | No, SEEQC is a private, VC-backed company. |
| How much funding has SEEQC raised? | SEEQC has raised $59M across 4 funding rounds. |
| What was SEEQC's last funding round? | SEEQC's last funding round was a $30M Series A in January 2025, led by Booz Allen Ventures and NordicNinja VC. |
| Who are SEEQC's investors? | SEEQC's investors include BlueYard Capital, M Ventures, Partnership Fund for New York City, Newlab, EQT Ventures, FAM AB, Possible Ventures, LG Technology Ventures, Asset Management Ventures (AMV), SIP Capital and 4 others. |
| Which companies are comparable to SEEQC? | Companies comparable to SEEQC include KLA, Advantest, Foxconn Industrial Internet, Tokyo Electron, Ayar Labs and Frore Systems. |
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