5 years ago
Quantum Motion Secures €9 Million to Advance Fault-Tolerant Quantum Computing
Quantum Motion, a UK-based quantum computing startup, has raised €9 million in a Series A funding round
The company, founded by professors from UCL and Oxford University, is developing a fault-tolerant quantum computer using silicon spin technology
The funding will support the development of their patented technology, which offers scalability and compatibility with standard manufacturing processes
Investors in the round include INKEF capital, Octopus Ventures, and the National Security Strategic Investment Fund.
ProblemTechnology
"Developing fault-tolerant quantum computers to solve currently intractable problems in fields like chemistry, medicine, and artificial intelligence"
Solution
"Building a 'fault-tolerant' quantum computer using patented silicon spin-based qubit architectures, compatible with standard CMOS fabrication, to achieve scalable production"