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Dublin-based quantum semiconductor startup Equal1 has raised €51 million ($60 million) to accelerate the development and deployment of its silicon-based quantum computers and the Bell-1 quantum server. The funding round was led by the Ireland Strategic Investment Fund (ISIF) and included contributions from Atlantic Bridge, the European Innovation Council Fund, and others.

Equal1 aims to transition from development to deployment, addressing the challenges of high costs and specialized infrastructure in quantum computing. The Bell-1 server, designed for data centers, utilizes existing semiconductor technology, making it scalable and cost-effective.

The funding will also support partnerships, including a collaboration with the European Space Agency and Nvidia, to develop quantum algorithms and models. Equal1's strategy positions it to capitalize on the growing quantum computing market, which could generate substantial revenue by 2035.