Qunett sells $1.48M toward planned $3M quantum networking offering
The MIT and University of Maryland spinout is adding private capital after using contracts and grants to move its hardware toward deployment.
By Ryan Merket · Published
Primary source: SEC
Why it matters
Qunett is moving from grant-backed research toward privately financed hardware execution. The filing confirms $1.48 million sold, while leaving the investors, valuation and remaining close uncertain.
Laura Andre, president and CEO of Qunett, signed an SEC Form D reporting that the Boston quantum networking hardware maker has sold $1,479,982 of a planned $3 million equity offering.…
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