Yaqumo Secures Funding from Quantum-Specialized Global VC 'Quantonation', Selected as First Japanese Company for Investment.

Yaqumo Inc. (Headquarters: Chiyoda-ku, Tokyo; CEO: Kazuhiro Nakatsukasa; hereinafter 'Yaqumo') announces that it has raised funds in a seed extension round with Quantonation II FPCI (hereinafter 'Quantonation'), a France-based global venture capital fund specializing in quantum technologies, as the underwriter. For Quantonation, the investment in Yaqumo is its first in a Japanese company. With this funding, Yaqumo believes it has been positioned as a key player in the global quantum ecosystem and will accelerate further research and development and business expansion. ■ About Quantonation Quantonation is one of the world's leading venture capitals specializing in the quantum computing and quantum technology sectors. Since its establishment in 2018, it has over $350 million in assets under management and has invested in more than 38 quantum deep-tech startups in 10 countries, including the US, Europe, and Asia. While strategically building a portfolio that leads the quantum industry on a global scale, Yaqumo has now been selected as one of its new members. Learn more about Quantonation here: https://quantonation.com ■ About This Funding We believe that Quantonation's selection of Yaqumo as its first investment in Japan, while searching for investment targets among quantum startups worldwide, is a result of our technological capabilities and potential in Japan's quantum industry being evaluated at a world-class level. As the social implementation of quantum technology accelerates globally, Yaqumo is promoting its business to contribute to the industry's development through the creation of quantum computers originating from Japan. Investment Type: J-KISS Type Stock Acquisition Rights (Series 1) Underwriter: Quantonation II FPCI ■ Background and Purpose of Funding Yaqumo aims to realize practical fault-tolerant quantum computers by developing scalable quantum computers based on the neutral atom method and through the co-design of hardware and software, achieving high clock rates and improving the efficiency of quantum error correction. The funds raised this time will be primarily allocated to the following purposes, and we will continue to advance strategic initiatives through the seed extension round. - Acceleration of R&D: Further deepening of core technologies and promotion of commercialization - Strengthening of recruitment: Acquisition of talented personnel, mainly scientists and engineers - Business development/partnerships: Expansion of collaboration with domestic and international companies and research institutions