2 years ago

OQC Secures $100 Million in Series B Funding for Global Expansion of Quantum Computing Platform

  • OQC, a UK-based quantum compute-as-a-service (QCaaS) company, has raised $100 million in Series B funding led by SBI Investment

  • The round also saw participation from Oxford Science Enterprises, University of Tokyo Edge Capital, Lansdowne Partners, and OTIF

  • OQC plans to utilize the funds for R&D enhancements and expanding its ability to provide enterprise-ready quantum computing solutions globally

  • The company has launched OQC Toshiko, a quantum computing platform accessible from anywhere in the world, particularly crucial for handling sensitive data in sectors like finance, pharmaceuticals, energy, and government.

      • ProblemTechnology

      "Businesses need access to powerful quantum computing resources, but it's difficult and expensive to set up and maintain their own quantum computers."

      Solution

      "OQC offers a quantum compute-as-a-service (QCaaS) platform called Toshiko, which is deployed to commercial data-centres, enabling businesses to access quantum computing resources securely from anywhere in the world. This allows businesses to leverage the power of quantum computing without needing to invest in their own infrastructure."

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