U.S. quantum computing startup raises $3.5m from Development Bank of Japan

Qolab, co-founded by former Google scientist, seen as candidate for commercialization

20241023N DBJ Quantum

Qolab will use DBJ's funds to purchase equipment necessary for quantum computing development. (Nikkei photo montage)

YUKI SEKIGUCHI, Nikkei staff writer

TOKYO -- The government-backed Development Bank of Japan is investing $3.5 million in U.S. quantum computing startup Qolab, aiming to help bring the technology to market and cultivate a next-generation tech industry at home.

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