ColdQuanta taps new commercialization chief

BOULDER — ColdQuanta Inc. has hired Paul Lipman as its chief commercialization officer, adding another executive onto its team as it prepares to take its quantum technology to market.

The Boulder company said Lipman will be in charge of developing the strategies that ColdQuanta will use to transfer its research products from a primarily academic and defense setting into a commercial use.

Lipman has spent the last 10 years as CEO of cybersecurity startups BullGuard, iSheriff and Total Defense. All three of those companies are based in the San Francisco area and were acquired by other companies.

ColdQuanta is developing technology to freeze individual atoms to near-absolute zero, a point at which they produce minimal vibration. Those atoms can be used to create sensors with extremely granular accuracy for use in satellite navigation, scientific research and quantum computing. That field of research hopes to replace the existing binary system of storing data with a model that would allow data to be stored in more than one state at a time, which could almost exponentially increase computing power beyond its current limits.
Former Zayo Group Holdings Inc. CEO Dan Caruso joined the company as chairman and interim CEO last month, and the company has hired a new finance chief and tapped an investment bank to help it raise what it expects to be a substantial venture capital round.

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