The cash will be used for a recruitment drive as QCI begins to ramp up the development of modules that could eventually be used for general purpose quantum computing.

Quantum Circuits (QCI), a US-based quantum components spinout from Yale University, received $18m in series A capital yesterday in a round featuring spinout-focused investment firm Osage University Partners.

VC firms Canaan Partners and Sequoia Capital co-led the round, which also included Tribeca Venture Partners and Fitz Gate Ventures, a VC fund targeting ventures originating from Princeton University.

Founded in 2015, QCI is developing more streamlined and efficient quantum components that it hopes will eventually power modular and general-purpose computers for…