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Better qubits by design

The ideal use case for a quantum computer is solving a problem that involves a daunting number of variables and potential outcomes, like simulating drug interactions, optimizing supply chain logistics, or forecasting climate change. For these types of problems, quantum computers will achieve answers much faster than any classical computer.

Quantum computers work by harnessing the physical and energetic properties of single atoms, electrons, or photons. This allows computation at the level of atoms and subatomic particles by storing information in qubits (quantum bits), which go beyond the binary 0s and 1s used in today’s computers.

EeroQ is developing a computing platform that consists of individual electrons trapped on the surface of supercooled helium (eHe, which stands for electrons over helium). With this technology, EeroQ estimates they could build a quantum computing chip with one million qubits that would fit in the palm of your hand.

 

Quick Facts for Investors

Location Chicago, IL
VCapital Invested 2022
CEO Nick Farina
Founded 2016
Founded By Nick Farina, Johannes Pollanen, David Ferguson
Industry Quantum Computing

Why We Invested

Over the last several years, Quantum Computing has progressed from an experimental effort to an industry ready to transform computing. We have followed EeroQ since 2017, watching it grow in stealth mode. After patiently waiting, we have determined that now is the right time to get involved. It is becoming increasingly clear that quantum computing is on the precipice of becoming commercially viable. The field is garnering increased attention from investors, technology companies, and even the popular press. Additionally, EeroQ is committed to growing in Chicago. They are moving their corporate headquarters to The Terminal, a 9,600 square foot engineering lab and office in Humboldt Park.

EeroQ’s patented chip design offers the “best of all worlds” for large-scale quantum computing, with a clear answer for scalability, coherence times, CMOS compatibility, highly connected qubits, and more.

Hyperion Research forecasts the industry to grow 27% annually to $830 million by 2024. Boston Consulting Group estimates a market value of $450-$850 billion in the next 15-30 years.

News and Updates

September 27, 2024
Gov. JB Pritzker Announces New Quantum Business Investments
August 15, 2024
The Future Isn't AI -- It's Quantum Computing
August 9, 2024
Quantum Computing ‘Making Progress Faster Than Expected’
August 1, 2024
Durbin, Daines Introduce Bipartisan Legislation To Fund The Future Of Quantum Research At DOE
July 15, 2024
Quantum computing and chemistry
June 26, 2024
Gov. Pritzker Signs Business Development Omnibus Package
June 4, 2024
IBM’s quantum computing moves could put industrial space in demand
May 30, 2024
Spotify Podcast: CEO Nick Farina on EeroQ's unique approach to building quantum computers
February 1, 2024
EeroQ CTO Stephen Lyon wins the Schowalter Award
October 23, 2023
Chicago region designated US Tech Hub for quantum technologies by Biden-Harris administration
September 11, 2023
Rising leaders of Quantum Prairie
September 5, 2023
EeroQ Featured in Fortune Magazine
July 24, 2023
In Scalability First Approach, EeroQ Achieves Tape-Out of Its ‘Wonder Lake’ Chip
July 19, 2023
Building a quantum computer in reverse
June 14, 2023
Evidence for the utility of quantum computing before fault tolerance
June 14, 2023
Quantum Computing Advance Begins New Era, IBM Says
May 22, 2023
EeroQ Founder Faye Wattleton on the Promise of Quantum Computing for Those Who Need it Most
May 18, 2023
IBM, Google Give $150 Million for U.S.-Japan Quantum-Computing Push as China Looms
January 27, 2023
Helium’s unexpected behavior offers promising platform for qubits
August 23, 2022
EeroQ bets on helium for its quantum chip design
May 5, 2022
About The Chicago Quantum Exchange