Fundraising Fox

BiFrost

3 known investors

Bifrost Electronics develops miniaturized cryogenic hardware, including quantum-limited amplifiers, to help pack more qubits into a dilution refrigerator and scale quantum computers. It serves quantum computing researchers and physicists building QPUs.

Also known as Bifrost · Bifrost Electronics

Founders & leadership

CDConnor Denney
Connor DenneyinFounder
LPLogan Pauli
Logan PauliinFounder

Investors · 3

Also in the syndicate · 1

Harlow Capital

Company profile

researched Aug 2026

Bifrost Electronics is a Colorado-based quantum hardware company developing parametric amplifiers for the quantum readout chain. The company positions the traveling wave parametric amplifier (TWPA) as the first link in that chain and describes existing designs as fragile, bulky, difficult to manufacture and a constraint on qubit count. Its answer is a Strontium Titanate Parametric Amplifier (SPA) built on a patented strontium titanate platform that eliminates Josephson junctions.

The company's first product is the Heimdall amplifier, a non-Josephson-junction parametric amplifier marketed as compact, magnetically insensitive, quantum-limited and broadband. Bifrost states Heimdall is unaffected by magnetic fields well over 2 T, requires no magnetic shielding, and can therefore be packed densely inside a cryostat. For spin-qubit systems, the company describes surface-mount integration at 10 mK or 4 K, a lower noise floor than a high electron mobility transistor (HEMT), and the removal of loss and noise associated with coaxial lines and circulator arrays.

Beyond quantum computing, Bifrost markets the same amplifier technology for dual-use defense applications including satellite communications, radar and quantum sensing, and runs programs aimed at academic and research institutions. As of March 2026 the company said testing of the Heimdall amplifier was expected to be completed over the following several months, with commercial rollout anticipated in the second half of 2026.

Founding story

Two master's students at the Colorado School of Mines needed a parametric amplifier for their research but found available units too expensive and too fragile, so they built one themselves; the resulting smaller, more robust and more efficient amplifier became the basis for the company. The company's core technology originated from co-founder Connor Denney's work at the Colorado School of Mines. The name refers to Bifrost, the bridge in Norse mythology connecting the mortal realm to the heavens. [0][4][5]

Business model

Bifrost develops and manufactures parametric amplifier hardware for sale to organizations building or operating cryogenic quantum systems, with commercial rollout of its first product anticipated in the second half of 2026. It also runs scholarship and partnership programs intended to lower access barriers for academic and research laboratories. [0][4]

Traction

The company reported $2.5 million in seed funding in mid-2025 and a $250,000 Colorado OEDIT Early-Stage Capital and Retention grant in 2026. Its first product, the Heimdall amplifier, was in testing as of March 2026 with commercial rollout anticipated in the second half of 2026. The team spans R&D, nanofabrication, materials, RF and cryogenic systems engineering, and operates lab infrastructure including a 4 K cryostat. [3][4][5]

Latest developments

In March 2026 Bifrost announced that founding CEO and Board Chair Zenith Tillemann-Dick was departing and that Cody Moore, Head of Investments at Caruso Ventures, was appointed Interim CEO and Chairman while a search for a permanent CEO proceeds; Dan Caruso and co-founder Logan Pauli remain on the three-member board. In May 2026 the company announced it had won a $250,000 Colorado OEDIT Early-Stage Capital and Retention grant. [4][5]

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Bifrost frames its offering against the current standard of Josephson-junction-based parametric amplifiers, which it characterizes as magnetically sensitive, fragile, costly and hard to manufacture at scale, and against HEMT amplifiers on noise-floor grounds for spin-qubit readout. [0][2]

The non-Josephson-junction, strontium titanate architecture is presented as magnetically immune (no shielding required), physically compact for dense cryostat packing, more durable, lower cost, and manufacturable via CMOS-compatible processes; for spin qubits it enables surface-mount integration at 10 mK or 4 K without coaxial lines and circulator arrays. [0][2]

Technology

Bifrost's platform is a Strontium Titanate Parametric Amplifier (SPA) that removes Josephson junctions from quantum-limited amplifier design. The company states the devices operate unaffected by magnetic fields well over 2 T, requiring no magnetic shielding, and are fabricated using CMOS-compatible processes to support manufacturing scale. The Heimdall amplifier is described as compact, thermally and electronically reinforced, quantum-limited and broadband, supporting surface-mount integration at 10 mK or 4 K. The underlying strontium titanate platform is described as patented. [0][2]

Go-to-market

The company solicits direct engagement through partnership and engineering contact channels, works with investors, researchers and industry partners, offers scholarship and partnership programs for academic and research institutions, and pursues dual-use defense opportunities. [0]

Superconducting and spin-qubit developers, quantum computing researchers and physicists, hyperscalers, academic and research laboratories, and defense innovators working on satellite communications, radar and quantum sensing. [0][2]

Geography

Colorado-based, with company communications referencing Arvada, Colorado and ties to the Colorado School of Mines. [5]

History

The technology originated from co-founder Connor Denney's work at the Colorado School of Mines, where several current team members collaborated with him. Zenith Tillemann-Dick served as founding CEO and Board Chair, with Dan Caruso of Caruso Ventures on the board since inception. The company raised $2.5 million in seed funding announced in mid-2025, published its first public blog posts in October 2025, announced Tillemann-Dick's departure and the appointment of Cody Moore as interim CEO and Chairman in March 2026, and received a $250,000 Colorado OEDIT award announced in May 2026. [0][4][5]

Risks & controversies

The company is between a founding-CEO departure and a permanent CEO appointment, operating under an interim CEO who concurrently serves as Head of Investments at its lead investor, Caruso Ventures. Its first product remained in testing as of March 2026, with commercial rollout dependent on test outcomes. [4]

Compiled by commissioned research from 15 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Amplifier chip sizeOct 202510 mm
Amplifier devices required per utility-scale quantum computer (CEO estimate)Oct 2025100,000 devices
Board of directors sizeMar 20263 members
Initial grant funding at foundingOct 2025$56K
Magnetic field tolerance of Heimdall amplifierJan 2026Unaffected by B-fields well over 2 T

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
May 2026
Wins $250,000 Colorado OEDIT Early-Stage Capital and Retention grant

Bifrost Electronics announced it was a recipient of the $250,000 Early-Stage Capital and Retention grant from the Colorado Office of Economic Development and International Trade.

$250K source ↗

Mar 2026
Founding CEO departs; Cody Moore named Interim CEO and Chairman

Founding CEO and Board Chair Zenith Tillemann-Dick departed. The Board appointed Cody Moore, Head of Investments at Caruso Ventures, as Interim Chief Executive Officer and Chairman, effective immediately, and began a search for a permanent CEO. Dan Caruso and co-founder Logan Pauli remain on the board.

source ↗

Jul 2025
Bifrost Electronics raises $2.5M seed round led by Caruso Ventures

Bifrost Electronics announced it had secured a total of $2.5 million in seed funding to advance quantum readout hardware; Boulder-based Caruso Ventures led the investment.

$2.5M source ↗

Jul 2025
Company to headquarter at Elevate Quantum campus outside Boulder, Colorado

Bifrost said it will be headquartered at the Elevate Quantum campus in Arvada, outside Boulder, Colorado, joining the region's quantum technology ecosystem; Elevate Quantum CEO Zachary Yerushalmi referenced the organization's new Quantum Commons campus.

source ↗

Jul 2025
Collaborations with FormFactor, Rigetti Computing and Maybell Quantum Industries

Bifrost reported active collaborations with U.S. industry entities FormFactor, Rigetti Computing and Maybell Quantum Industries to tailor systems for commercial deployments.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 15

primary sources listed

15 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does BiFrost do?
Bifrost Electronics builds non-Josephson-junction strontium titanate parametric amplifiers for scalable quantum readout.
Who founded BiFrost?
BiFrost was founded by Connor Denney, Logan Pauli.
Who are BiFrost's investors?
BiFrost's investors include Caruso Ventures, Range VC.