How much funding has Qolab raised?

Qolab has raised $73.7M in total funding, most recently a Series B round.

Who are Qolab's investors?

Qolab's investors include Development Bank of Japan, Octave Fund, Wisconsin Alumni Research Foundation, Phoenix Venture Partners.

Where is Qolab headquartered?

Qolab is headquartered in Santa Barbara, California, United States.

What industry is Qolab in?

Qolab operates in Quantum Computing.

Qolab

Santa Barbara, United States · Founded 2022 · $73.7M raised

Quantum Computing

Headquarters: Santa Barbara, California
Employees: 11–50
Founded: 2022
Business Model: B2B

Website: qolab.ai
Total Funding: $73.7M
Last Round: $54.2M Series BJul 2026
Rounds: 3

About

Qolab is a quantum hardware company developing industrial-grade superconducting quantum processing units (QPUs) built for useful, utility-scale computation. Founded by Nobel laureate John Martinis, former Google Quantum AI head of product Alan Ho, and UW–Madison physicist Robert McDermott, the company applies advanced semiconductor fabrication — including a semiconductor-compatible window-junction process and wafer-scale integration — to achieve reproducible, high-yield qubit manufacturing. Qolab's first product, Qolab Start, is a deployable superconducting QPU platform for hardware research and workforce development, available on-premise or via cloud access, with offices in Los Angeles and a fabrication lab in Madison, Wisconsin.

Summary

Qolab is a Quantum Computing company based in Santa Barbara, United States, founded in 2022. It has raised $73.7M in total across 3 rounds, most recently a $54.2M Series B round in Jul 2026. Investors include Development Bank of Japan, Octave Fund and Wisconsin Alumni Research Foundation.

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Funding History

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Series BSeries BJul 2026

$54.2M

Jul 2026

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Seed through Series B — per-round amounts, valuations, and who invested in each round.

Investors

Development Bank of Japan

Lead

2 rounds

Octave Fund

Lead

1 round

Wisconsin Alumni Research Foundation

1 round

Phoenix Venture Partners

1 round

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