memQ Raises $2M in Seed Funding
- memQ, a Chicago, IL-based quantum memory startup, raised $2M in Seed funding
- The round was led by Quantonation, Exposition Ventures, and the George Schultz Innovation Fund
- The company intends to use the funds to accelerate the development of an on-chip quantum repeater built on its platform, enabling the quantum internet
- Led by CEO Manish Singh, The company is building hardware for distributed quantum information
- The company previously received non-dilutive funding from the Department of Energy (DOE) through Chain Reaction Innovations (CRI), the entrepreneurship program at Argonne National Laboratory
- The company is currently incubated at Duality, which provides capital equipment, mentorship, and access to a network of industries and potential investors
