Palo Alto, CA – DCVC, a prominent deep tech venture capital firm, has announced the appointment of UCLA Professor Prineha Narang as an Operating Partner, signaling a further commitment to its quantum technology investments. The firm, known for its "picks and shovels" investment strategy in quantum computing, shared the news via a tweet, stating, > "DCVC is doubling down on quantum! Big welcome to UCLA Prof. Prineha Narang as a @DCVC Operating Partner." This strategic move aims to leverage Professor Narang's profound scientific expertise to enhance DCVC's portfolio in the rapidly evolving quantum sector.
DCVC has a well-established history of investing in foundational quantum technologies rather than directly in quantum computer development. Their approach focuses on enabling technologies and infrastructure, exemplified by previous investments in companies like Q-CTRL, which provides quantum error suppression software, and Horizon Quantum Computing, a developer of quantum application tools. This strategy underscores their belief in supporting the essential components required for the broader quantum ecosystem to flourish.
Professor Narang brings an extensive background at the intersection of theoretical and computational science, condensed matter physics, quantum photonics, and quantum information science. As a Professor in Physical Sciences and Electrical and Computer Engineering at UCLA, she leads a renowned lab that has made significant contributions to understanding quantum phenomena. Her work has garnered numerous accolades, including the 2023 Guggenheim Fellowship in Physics and the Maria Goeppert Mayer Award from the American Physical Society, highlighting her pioneering research in light-matter coupling and non-equilibrium dynamics.
The role of an Operating Partner in venture capital, particularly in deep tech, involves providing strategic and operational guidance to portfolio companies, extending beyond traditional financial investment. These partners often possess deep industry knowledge and technical expertise, helping startups navigate complex challenges, optimize processes, and accelerate growth. Professor Narang's appointment is expected to provide DCVC's quantum portfolio companies with invaluable scientific and technical insights, fostering innovation and market penetration.
This addition to DCVC's team reinforces the firm's dedication to advancing cutting-edge technologies and bridging the gap between scientific discovery and commercial application. Professor Narang's deep understanding of quantum science is poised to significantly impact the strategic direction and operational capabilities of DCVC's investments, further solidifying the firm's position at the forefront of quantum technology development.