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- SeeQC
SeeQC Valuation, Funding & Investors
SeeQC is valued at $1B as of January 2026.
Last SeeQC valuation
$1B
Undisclosed stage · Jan 2026
Last SeeQC funding round
$19M
Undisclosed stage · Jan 2026
Cumulative funding SeeQC raised
$78M
across 4 funding rounds
Key investors in SeeQC
BlueYard Capital
EQT Ventures
M Ventures
Partnership Fund for New York City
FAM AB
Newlab
About SeeQC
SeeQC is a quantum computing company integrating superconducting qubits with classical processors. Elmsford, New York-headquartered since 2018, it maintains facilities in London and Naples. SeeQC develops single flux quantum electronics for readout, control, and error correction. Its chip-scale systems target enterprise applications in optimization and simulation. The firm collaborates with research institutions on scalable quantum hardware.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1B (Jan 2026)
SeeQC Valuation
SeeQC is currently valued at $1B, based on its undisclosed-stage round in January 2026.
SeeQC valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2026 | Undisclosed stage | $1B |
SeeQC Funding History
SeeQC has raised a total of $78M across 4 funding rounds.
SeeQC's first fundraising round was a $7M seed round in August 2019. The most recent completed round was a $19M undisclosed-stage round in January 2026.
SeeQC funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Undisclosed stage | - | $19M | $1B | SEEQC develops digital Single Flux Quantum (SFQ) chips that integrate quantum and classical computing functions on a single processor, enabling scalable, energy-efficient quantum systems compatible with superconducting, photonic, and trapped ion architectures. The company operates advanced superconducting chip foundries in the US, UK, and Italy, serving partners like NVIDIA, BASF, NASA, US Department of Energy, Department of Defense, NIST, and academic institutions for applications in AI, machine learning, and materials science. As a 2019 spinout from Hypres (founded by ex-IBM superconducting experts), SEEQC reduces quantum hardware costs by up to 97% and energy use by 100,000 times compared to traditional setups. This follows a Series A-III extension of $30M raised on January 14, 2025, led by NordicNinja and Booz Allen Ventures with participation from SIP Capital, EQT Ventures, M Ventures, BlueYard Capital, and FAM and Asset Management, bringing total funding to $70.07M across 9 rounds from 17 investors. The 2025 funds accelerated commercial rollout of SFQ chips, with prior backing totaling $40.07M including grants. In a major development, SEEQC announced a merger with Allegro Merger Corp., valuing the enterprise at approximately $1B with a $65M PIPE financing to scale fabrication and commercialization. The deal, unanimously board-approved, forms a SEEQC subsidiary merging with Allegro (surviving as wholly owned), expected to close Q2 2026 pending approvals, marking another quantum firm going public via SPAC-like structure. |
| 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. |
| 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?
13 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 | ||
This data is available for Pro users. Sign up to see all 13 SeeQC investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSeeQC Competitors
SeeQC competitors include listed companies like Pasqal and POET Technologies, and private ones like IQM Quantum Computers, QuEra Computing, Eliyan and Velaura AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $35M | - | $1B | 28.6x | ||
| Private | $41M | - | $1B | 24.4x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $19M | ($92M) | $1.7B | - | ||
| Publicly listed | $1M | ($60M) | $1.3B | 106.5x |
SeeQC Public Comps
SeeQC is still privately-owned, but its public comps include Chengdu RML Technology, Appier Group, Rackspace, Smarter Microelectronics, Towa, Sitronix, Foxsemicon, FourSemi, MTCN Technology and MegaChips.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $110M | $29M | 6.5x | - | 24.5x | - | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $120M | ($31M) | 7.7x | 7.8x | (30.2x) | (31.1x) | |||
| $350M | $66M | 2.7x | 2.5x | 14.5x | 12.5x | |||
| $596M | $89M | 1.3x | - | 8.8x | - | |||
| $654M | $115M | 1.5x | 1.3x | 8.5x | 9.4x | |||
| $55M | ($7M) | 16.8x | - | (122.6x) | - | |||
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. |
| What is SeeQC's valuation? | SeeQC was last valued at $1B in its undisclosed-stage round in January 2026. |
| How much funding has SeeQC raised? | SeeQC has raised $78M across 4 funding rounds. |
| What was SeeQC's last funding round? | SeeQC's last funding round was a $19M undisclosed-stage round in January 2026. |
| 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 3 others. |
| Which companies are comparable to SeeQC? | Companies comparable to SeeQC include IQM Quantum Computers, QuEra Computing, Eliyan, Velaura AI, Pasqal and POET Technologies. |
See companies similar to SeeQC
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