Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
09.29.25
Pillsbury advised Nanofiber Quantum Technologies, Inc. (NanoQT) on the closing of its $14 million Series A funding round. Based in Palo Alto, NanoQT is a quantum computing company pioneering ultra-low-loss nanofiber cavity-QED interconnects for quantum processors.
Phoenix Venture Partners (PVP), an existing investor, led the round, with new participation from Brevan Howard Macro Venture Fund. Existing investors WASEDA University Ventures, Inc. (WUV), JAFCO Group Co., Ltd., Mirai Creation Fund III (managed by SPARX Asset Management Co., Ltd.) and Keio Innovation Initiative, Inc. (KII) also joined the round.
The proceeds from the funding round will support the demonstration of a distributed quantum computing system using NanoQT’s interconnect and standard fiber links, the productization of its nanofiber cavity-QED interconnect for neutral-atom QPUs, and the expansion of engineering and manufacturing capacity in College Park, Maryland and Tokyo.
To learn more about the transaction, click here.
The Pillsbury deal team was led by Corporate partner Allison Leopold Tilley and included senior counsel Lisa Higa, associate Ann Kim, senior law clerk Kristin Garr and legal practice coordinator Adam Perry.