Qolab
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Founders
About
Qolab is a Santa Barbara-based superconducting quantum computing company co-founded by Dr. John Martinis, 2025 Nobel Prize in Physics laureate and former lead of Google’s Quantum AI hardware team, working to build fault-tolerant quantum computers manufactured at semiconductor scale 12. The company collaborates with Lawrence Berkeley National Laboratory through the Quantum Systems Accelerator and with UC Santa Barbara researchers on next-generation quantum algorithms 12. On 2026-07-02 Qolab announced $54.2M in Series B Preferred Stock financing and commitments, led by UC Investments, with participation from existing investors WARF (Wisconsin Alumni Research Foundation), Octave Ventures, and Phoenix Venture Partners; the round comprises $32.6M in new Series B, $12.6M in converted securities, and $10M in committed convertibles, and will fund semiconductor collaborations, technology development, and manufacturing scale-up 123.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-02 | Series B | $54.2M | UC Investments | WARF, Octave Ventures, Phoenix Venture Partners 123 |
What Investors Say
Jagdeep Singh Bachher, UC Investments: “Our mission is to help ensure our great public research university system thrives for generations to come” 1.
What Founders Say
Alan Ho, CEO of Qolab: “Solving the most difficult challenges in quantum computing requires deep collaboration with the semiconductor industry to effectively scale manufacturing” 1.
Sources
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GlobeNewswire, “Qolab Announces $54.2 Million Series B Financing and Commitments Led by UC Investments to Accelerate the Future of Quantum Computing,” July 2, 2026. Accessed July 2026. https://www.globenewswire.com/news-release/2026/07/02/3321336/0/en/qolab-announces-54-2-million-series-b-financing-and-commitments-led-by-uc-investments-to-accelerate-the-future-of-quantum-computing.html↩↩↩↩↩↩
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HPCwire, “Qolab Secures $54.2M Series B Funding for Quantum Hardware Development,” July 2, 2026. Accessed July 2026. https://www.hpcwire.com/off-the-wire/qolab-secures-54-2m-series-b-funding-for-quantum-hardware-development/↩↩↩↩
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The Quantum Insider, “Qolab Secures $54.2 Million in Series B to Advance Superconducting Quantum Computing,” July 2, 2026. Accessed July 2026. https://thequantuminsider.com/2026/07/02/qolab-announces-54-2-million-series-b-financing-and-commitments-led-by-uc-investments/↩↩