WISBUSINESS: Quantum tech firm with Madison presence accelerating after going public; Utility, data center developers want tech giant exempted from billion-dollar collateral requirements

Infleqtion, a leading quantum tech firm with offices in Madison, is accelerating with $550 million in new funding after going public earlier this year.

Chief Scientist and UW-Madison physics Prof. Mark Saffman addressed attendees of yesterday’s launch event for the Wisconsin Quantum Alliance in Madison, organized by the Wisconsin Technology Council. The initiative aims to accelerate tech development and commercialization of quantum in Wisconsin, as well as preparing for future workforce needs.

The Colorado-based company, which has had a presence in Madison since 2018, has deployed various forms of quantum computing-enabled technology for use around the world. That includes at government agencies in the United States, UK and Japan as well as commercial customers, even as related academic research continues in Saffman’s lab.

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