LOUISVILLE >> Infleqtion, a quantum information company, recently drummed up $100 million from investors as part of its Series C fundraiser.

“Having generated almost $30 million in revenue last year and backed by a customer pipeline topping $200 million, Infleqtion will use this investment to scale its atom-based quantum platforms and accelerate deployment of field-ready quantum systems that address today’s most demanding real-world challenges,” the company said Monday.

Glynn Capital, Counterpoint Global, S32 and Science Applications International Corp. Inc. (Nasdaq: SAIC) were among the Series C investors.

“We are harnessing the power of quantum to solve the world’s most urgent and complex challenges,” Infleqtion CEO Matt Kinsella said in a prepared statement. “This funding fuels our next phase of growth, allowing us to scale transformative technologies with strategic partners who share our vision and serve as go-to-market allies, helping to secure nations and power the next generation of intelligent systems.”

Infleqtion, the trade name used by ColdQuanta Inc., hired Kinsella early last year, a few months prior to raising more than $10 million from investors. The company, which has local operations in Louisville and Boulder, had previously raised a $110 million Series B round in 2022 to jumpstart commercialization of its technology.

Quantum theory attempts to explain the behavior of matter at atomic and subatomic levels. Because quantum computers take advantage of special properties of quantum systems such as superposition, their computing power and speed are exponentially greater than a traditional computer.

Applications of quantum science could revolutionize the way humans discover new drug therapies, map the cosmos, navigate the sea, protect sensitive data, combat climate change and maybe even discover new forms of life in deep space.

The Boulder Valley — with the CU physics department, the National Institute of Standards and Technology and JILA (formerly known as the Joint Institute for Laboratory Astrophysics) — has become one of the world’s epicenters of quantum research over the past few decades.

Infleqtion was awarded $11 million from the U.S. Department of Defense late last year to support the development of quantum-timekeeping technology.

In conjunction with the Series C fundraiser, Infleqtion said it is partnering with SAIC, a giant government information-technology contractor, on go-to-market efforts and “deployment of quantum sensing technologies, including atomic clocks, quantum RF communication, and inertial sensing, into defense and aerospace applications.”

The partnership will provide Infleqtion with access to SAIC’s “full range of national defense and government customers,” SAIC managing director of venture Lauren Knausenberger said in a statement. “Infleqtion’s visionary advancements in atomic clocks, inertial navigation, and quantum communication directly align with our mission to integrate emerging technologies into active and critical operations to enhance resilience, precision, and ultimately keeping warfighters safe in the most demanding environments.”

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