Two Tal Ventures portfolio companies win big in IEC deep-tech competition.
Reference/Source Link: https://eic.ec.europa.eu/news/eic-accelerator-68-deep-tech-start-ups-latest-funding-round-2024-07-15_en
The European Innovation Council (EIC) announced this week that it has selected a group of 68 ground-breaking technology companies to share €411 million in grants and funding.
Out of thousands of companies that applied, the EIC has granted an unprecedented more than 7% of its total funding to two Tal Ventures companies.
Quantum Transistors, developing a quantum computer on a chip (a Tal Ventures Fund II company) was awarded a total of EURO 17.5 M .
LightSolver, developing an all-optical supercomputer, was awarded a total of EURO 12.5 M .
We are extremely proud of this outstanding achievement, which is a clear vote of confidence in these two companies, and energizes Tal’s efforts in pursuing strategic deep-tech investments.
