Quantum Circuits' $550M Sale Boosts New Haven Jobs

Yale University

Connecticut's quantum sector is having a moment, thanks in part to a Yale startup that has long been viewed as a key element in promoting a flourishing tech ecosystem in New Haven that generates jobs, prosperity, and possibilities.

Quantum Circuits Inc., which builds quantum computers based upon a unique approach developed by Yale researchers over the past 20 years, was recently purchased by tech innovator D-Wave for $550 million. The deal includes a plan for doubling Quantum Circuits' current 65-person workforce in New Haven and providing additional resources necessary to produce quantum computers using the Yale approach.

"It's time for us to push down on the accelerator," said Quantum Circuits co-founder Robert Schoelkopf, a Sterling Professor of Applied Physics in the Yale School of Engineering & Applied Science. "This is going to be good for New Haven, the state, Yale, and the entire quantum infrastructure."

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