Wednesday, April 24, 2024
HomeFunding CO-based Vescent Secures $5Million in Seed Funding

[Funding alert] CO-based Vescent Secures $5Million in Seed Funding

  • Vescent Secures $5Million in Seed Funding-corporate fuel-startup news-startup rise-north america
  • Seed round was led by Corporate Fuel, with additional participation from Caruso Ventures.
  • This funding will accelerate the company’s new product introduction and scale manufacturing.
Vescent Secures $5Million in Seed Funding-corporate fuel-startup news-startup rise-north america

Vescent is a leading manufacturer and supplier of CW lasers, frequency combs, low-noise electronic control systems, secures $5Million in seed funding.

This round was round led by Corporate Fuel, with additional participation from Caruso Ventures. This capital infusion accelerates the Company’s new product introduction, scales manufacturing to meet customer demand, and expands its market reach, building upon its foundation of reference level quantum expertise and existing commercialization and manufacturing track record.

Accelerating the Company’s new product introduction provides customers with the latest in low Size, Weight, and Power (SWaP), ruggedness, and performance for their quantum applications, with its Frequency Combs, Lasers, and Controls for quantum timing (optical clocks), quantum computing, quantum networking, and quantum sensing.

Read also – TX-based BrainCheck Secures $15Million in Funding

The funding will, in part, be used to grow manufacturing infrastructure by increasing CAPEX spend and adding staff to meet customer demand which is critical to supporting it’s customers as they commercialize their offerings and realize their platform’s potential sooner. Improving support for existing customers and adding new customers is essential to raising Vescent to the next level.

Russ Fein, the managing partner of Corporate Fuel’s investment said, “We are excited to lead Vescent’s Series Seed investment round as the Company continues to expand its key position as a core technology provider to the global quantum ecosystem, The Vescent management team is highly capable and experienced. We look forward to helping them accelerate the Company’s growth and are thrilled to have found such an exciting opportunity in the quantum space.”

Dan Caruso said, “As a board member of Colorado’s Quantum Tech Hub, Elevate Quantum, and Managing Director of Caruso Ventures, I am excited to support Vescent as a manufacturing leader in critical quantum hardware,”.

Scott Davis, CEO of Vescent said, “Vescent is on the front lines of scaling the quantum ecosystem. Our quantum enabling solutions support both scientific and industrial customers as our commercial solutions are deployable. This capital infusion is what we need now to continue to execute. Quantum is hard, and we are ready,”.

About Vescent

Vescent is leading and enabling the commercialization of Quantum Technologies in the lab and in the field. It has been providing frequency Combs, Lasers, and Controls to 100s of customers on the front lines of scaling the commercial quantum ecosystem throughout the world with low-SWaP, ruggedness, and IP.

Read also –  MA-based Sionna Therapeutics Secures $182Million in Series C Round Funding

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