Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Physicist Plans Quantum Computing Venture

WASHINGTON — A U.S.-based Russian physicist-turned-venture capitalist has raised $40 million to invest in the development of cutting-edge quantum computing technology, a website specializing in entrepreneurial business news has reported.

Serguei Kouzmine, founder of Quantum Wave Fund investment capital firm, plans to raise $100 million in the current investment round and has already invested $7 million in three companies developing quantum data processing technology, according to Upstart Business Journal.

Kouzmine's firm states on its website that it is "focused on seeking out early-stage private companies with breakthrough quantum technology." It says it has no geographical or industrial limits on where it invests.

Quantum computing applies quantum mechanical principles that harness the power of atoms and molecules to processing data.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more