1QBit secures financing

Photo of author

By Ted Liu

1QB Information Technologies Inc. (1QBit) has raised $24.9 million in Series C financing from Fujitsu Limited ($18.75 million) and CME Ventures ($6.15 million) investors. The company has yet to make any announcement.

Fujitsu Limited signed a collaboration agreement with 1Qbit in May this year.

Fasken Martineau DuMoulin LLP acts as 1QBit’s legal counsel.

Founded in 2013, 1QBit is chaired by David Roberts, Chairman at HaloDrop, with its board comprising of co-founder & CEO Andrew Fursman, co-founder & President Landon Downs, and Bluford Putnam, Chief Economist and Managing Director at CME Group.

edit: Accenture Ventures joined the Series C with $8.75 million in October. 1QBit officially announced the closing of $45 million “Series B” on November 28, 2017 with approximately $11.35 million in revenue contracts from Allianz and The Royal Bank of Scotland.