Nu Quantum to Open a Spanish Subsidiary as part of the Government’s Investment

Nu Quantum, building the Entanglement Fabric to unlock commercial quantum computing scale-out, led by Dr. Carmen Palacios-Berraquero, Dr. Claire Le Gall, Ed Wood, Sam Funnell, Amii Shepperson, Danny Garden, and Jonathan Cumming, has announced the opening of a Spanish subsidiary, which will be a leading center for quantum networking and photonic infrastructure for Distributed Quantum Computing. The Ministry for Digital Transformation and Public Administration, through the Spanish Society for Technological Transformation (SETT) and on behalf of the Spanish government, invested €9.75 million as part of Nu Quantum’s €51 million ($60 million) Series A round.

The initiative positions Spain at the forefront of quantum computing by advancing secure, scalable interconnection of quantum systems, an essential milestone for real-world commercial adoption.

Nu Quantum is developing a real-time quantum networking architecture that links multiple quantum computers, significantly increasing aggregate processing power and addressing one of the industry’s core barriers to scale.

The resulting capabilities are expected to unlock economic value across applications such as drug discovery, energy optimization, advanced materials modeling, and secure communications.

The collaboration reflects the public-private model promoted by SETT, aimed at accelerating Spain’s technological transformation through strategic investments in disruptive technologies. As part of the initiative, SETT and Nu Quantum will establish a quantum networking center in Spain.

Nu Quantum’s subsidiary will focus on the industrialization of the Quantum Networking Unit (QNU) and the development of photonic integrated circuits (PICs), enabling ultrafast, low-loss switching and sensing modules required for commercial-scale quantum computing.

SETT will seek to maximize the project’s economic and industrial impact through integration with Spain’s quantum and photonics ecosystem and alignment with the National Strategy for Quantum Technologies.

Founded in 2018 as a spin-out from the University of Cambridge, Nu Quantum is advancing large-scale quantum computing through its Entanglement Fabric™ technology, designed to interconnect quantum processors into distributed quantum networks. In December 2025, the company closed a $60 million Series A round, the largest ever raised by a quantum-network-focused company and the largest Series A in the UK quantum sector, backed by a global investor base including National Grid Partners, Gresham House Ventures, Morpheus Ventures, Amadeus Capital Partners, IQ Capital, Ahren Capital, Sumitomo (Presidio Ventures), Cambridge Enterprise Ventures, NSSIF, East Innovate, and SETT.

Led by founder and CEO Dr. Carmen Palacios-Berraquero, a Spanish quantum physicist, the company is focused on accelerating the transition to practical, scalable quantum computing through interoperable, market-ready quantum networking infrastructure. Scientific leadership, international expansion, and a multidisciplinary team position Nu Quantum as a leading player in the global quantum industry.

Quantum networks and integrated photonics were identified early as critical to addressing one of the industry’s most significant challenges, a focus that has since driven substantial progress in both market development and underlying technologies. The investment from the Government of Spain signals validation of that vision and recognition of the maturity of Nu Quantum’s solution.

The initiative also carries particular significance given the company’s Spanish roots, aligning national commitment to quantum infrastructure with strengths in photonic integrated circuits and the Quantum Networking Unit. Continued progress reflects the talent of the team and sustained support from a global investor base.

The €9.75 million investment strengthens Spain’s position in quantum computing networks, aligned with the PERTE Chip objectives and the National Strategy for Quantum Technologies, while supporting European technological sovereignty in a strategically critical domain.

The initiative is expected to create more than 30 highly skilled jobs and attract international talent and investment.

Quantum technologies are expected to become part of everyday life, with Spain laying the groundwork through infrastructure designed to support development and scalability. Nu Quantum is positioned to play a central role by enabling secure quantum networks that advance the transition toward commercial applications.

The investment forms part of the PERTE Chip initiative, aimed at strengthening Spain’s microelectronics and semiconductor design and manufacturing capabilities. Delivered under the Recovery, Transformation and Resilience Plan (Next Generation EU), the PERTE Chip fund is implemented by SETT, which also manages the Next Tech program focused on disruptive technologies and the Spain Audiovisual Hub supporting digital transformation in the audiovisual sector.