Oxford Quantum Circuits (OQC), a London, UK-based Europe’s leading quantum computing company, announced that it closed £38 million ($46.45 million) in Series A. The investment is the UK’s largest-ever Series A in quantum computing.
The round was co-led by Lansdowne Partners, and The University of Tokyo Edge Capital Partners (UTEC). British Patient Capital and existing investors Oxford Science Enterprises (OSE) and Oxford Investment Consultants (OIC) also participated.
This Series A investment will be used to further scale the company’s quantum systems and its private quantum computing as-a-service offering.
It will also consolidate OQC’s position in Europe and accelerate international expansion in Asia-Pacific, including the Japanese market – a hotspot for financial services eager to realize the advantages of quantum computing.
Company: Oxford Quantum Circuits Limited
Round: Series A
Funding Month: July 2022
Lead Investors: Lansdowne Partners and The University of Tokyo Edge Capital Partners
Additional Investors: British Patient Capital
Company Website: https://oxfordquantumcircuits.com/
Software Category: Quantum Computing
About the Company: Founded in 2017 by Ilana Wisby, OQC is Europe’s leading quantum computing company that brings quantum to its customers’ fingertips and enables them to make breakthrough discoveries. OQC has built the UK’s most advanced quantum computers, the only ones commercially available in the country, and also launched the UK’s first Quantum Computing as-a-Service (QCaaS). Its customers include Cambridge Quantum, which runs its IronBridge cryptographic number generator on OQC’s computer. The startup is also providing services to a variety of customers who work across either OQC’s private cloud or via Amazon Braket, AWS’s quantum computing platform that also provides developers access to other quantum-as-a-service providers such as Rigetti, IonQ, and D-Wave.