Sparrow Quantum Raises €4.1 Million Round

Sparrow Quantum, a quantum technology company based in Denmark, has secured initial funding of €4.1 million, the largest investment to date for a Danish quantum technology company. The funding round was led by 2xn and LIFTT and includes an equity investment from the European Innovation Council (EIC), an additional funding component to the grant funding Sparrow received in 2022 under the EIC Accelerator call.

“LIFTT is excited to invest in Sparrow Quantum and support its innovative technology in the field of quantum photonics,” said Giovanni Tesoriere, CEO of LIFTT. “Their dedication to the development of the highest quality deterministic single-photon sources and light-matter interfaces has the potential to transform diverse domains, from quantum computation to secure communication. We look forward to seeing the impact of their work on the future of technology,” he concluded.

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What Sparrow Quantum does

Sparrow Quantum specializes in the design, development, and production of deterministic single-photon sources for quantum photonic applications and technologies. These solid-state deterministic single-photon sources are essential in various quantum technologies such as quantum computing, quantum sensors, quantum Internet, and secure communication through Quantum Key Distribution (QKD) technologies.

The single-photon source developed by Sparrow Quantum will enable researchers in quantum photon technology laboratories to conduct their research more cost-effectively as well as expand into new areas. In addition, Sparrow Quantum intends to work with quantum technology system suppliers to integrate the single-photon source they have developed into commercial quantum systems, creating a mutually beneficial relationship within the quantum industry.

Investment goals

With this initial investment, Sparrow Quantum will accelerate the development of its products and services, expand its team, and strengthen its position not only as a market leader for single-photon sources in quantum technologies but, more broadly, develop quantum interfaces between light and matter.

A quantum interface between light and matter is a fundamental element of quantum technology and, in essence, the tool that will enable quantum computers to be empowered through the quantum network. Sparrow Quantum’s technology is the result of more than two decades of pioneering research at the prestigious Niels Bohr Institute (NBI) in Copenhagen, Denmark, and the company has an exclusive license to the institute’s major patents.

NBI department head Professor Jan Thomsen commented, “We are excited to see the commercial potential of our research in the NBI realized through Sparrow Quantum’s innovative technology. The development of deterministic single-photon sources represents a significant step forward in the advancement of quantum technologies, and we are proud to support their efforts to bring this technology to market.”

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(Featured image by FLY:D via Unsplash)

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