AUSTIN, TX — June 12, 2025 — Austin Quantum Labs, a leading developer of next-generation quantum computing hardware, today announced it has closed a $30 million Series B funding round led by Breakthrough Energy Ventures, with participation from Intel Capital and existing investor Silverton Partners. The company plans to deploy the capital to expand its engineering team, scale manufacturing of its proprietary superconducting qubit processors, and accelerate commercial partnerships with enterprise clients in the defense, pharmaceutical, and financial services sectors. "This funding marks a pivotal moment for our team and for the broader quantum computing industry," said Dr. Sarah Chen, co-founder and CEO of Austin Quantum Labs. "We are now positioned to move beyond the lab and deliver systems that solve real computational problems at commercial scale." Founded in 2019 by researchers from the University of Texas at Austin, the company has developed a qubit architecture it claims demonstrates significantly lower error rates than competing approaches. Austin Quantum Labs currently employs 85 people and expects to grow its workforce to more than 140 by the end of 2025. The Series B brings the company's total funding raised to $47 million. Austin Quantum Labs expects to announce its first enterprise pilot program in the third quarter of 2025. --- **About Austin Quantum Labs:** Austin Quantum Labs is an Austin, Texas-based quantum computing hardware company developing superconducting qubit processors for enterprise and government applications. Founded in 2019, the company is committed to making practical quantum computing commercially viable. Learn more at austinquantumlabs.com. ---