Funding

[Funding alert] Oxford Quantum Circuits (OQC) Raising $100 Million in Series B Round Funding

Nov 28, 2023 | By Startup Rise EU

Oxford Quantum Circuits (OQC) secures $100 million in series B round funding. Oxford Quantum Circuits (OQC), the UK's leading provider of Quantum Computing-as-a-Service (QCaaS).

Oxford Quantum Circuits (OQC) Raising $100 million in series B round funding. Oxford Quantum Circuits (OQC), the UK's leading provider of Quantum Computing-as-a-Service (QCaaS).

SBI Investments is leading their investment round (located in Minato-ku, Tokyo; Representative Director, Executive Officer, Chairman and President: Yoshitaka Kitao, hereinafter SBI Investment), one of Japan's leading venture capital funds, leading OQC's $100 million round.

Read also -  Eindhoven-based CityLegends Secures €1Million in Seed Funding

This new $100 million round of funding paves the way for industry-leading research and development, further increasing their ability to bring enterprise-ready quantum computing to businesses around the world.

RECOMMENDED FOR YOU

recomd
Funding
Golden Egg Check’s funding news – Dutch-based Golden Egg Check’s VC fund Secures €5Million in Funding
Startup Rise EU
Jul 19, 2024
recomd
UK
[Funding alert] London-based Evaro Secures $1.5Million in Seed Funding
Startup Rise EU
Feb 1, 2024
recomd
Partnership
Dassault Systèmes partnership news – Paris-based Dassault Systèmes Announce long-term partnership with Bel Group
Startup Rise EU
Jul 4, 2024

Quantum computers will create a world-changing $1.3 trillion business opportunity, capable of reshaping and transforming entire industries as well as creating and developing entirely new industries. Currently, quantum computers are mostly located in laboratories, and providing secure access is the biggest barrier to applying this breakthrough technology to broader business areas.

Read also - Madrid-based Cüimo Secures €900k in Funding

Global Investment Summit, OQC announced that SBI Investment, one of Japan's leading venture capital funds, will lead OQC's $100 million Series B financing. In addition to existing investors Oxford Science Enterprises, University of Tokyo Edge Capital Partners, Lansdowne Partners, and Oxford Technology & Innovations EIS Fund, this round was decided by a new investor with Oxford Investment Consultants as manager.

This round is the UK's largest ever Series B in quantum computing, with industry-leading research and development paving the way to quantum supremacy and delivering the next generation platform of hundreds of qubits to businesses around the world.

Read also -  Milan-based Planet Farms Secures $40 Million in Funding

This will further enhance the ability of OQC to provide. Global Investment Summit cements OQC and the UK's position as a global leader in quantum technology.

Dr. Ilana Wisby, CEO of OQC, commented on this announcement: “To solve the world's most pressing challenges, from climate change to advancing drug discovery, we need to bring quantum computing into people's hands and put it directly into the hands of the brightest minds. We are proud to work with our customers, partners, and investors in our mission to pioneer enterprise-ready quantum technology."

Atsushi Sugiura, Country Manager of Oxford Quantum Circuits Co., Ltd., said: "Japan is OQC's first international base, and we are pleased to begin operating OQC Toshiko in Japan to help Japanese society make significant progress towards the vision advocated by the Cabinet Office. We will operate in the Japanese time zone and provide services as the most easily accessible system to a wide range of users in Japan and other Asian countries."

About OQC

OQC is the world's leading company in quantum computing. They help their customers make breakthrough discoveries by making quantum use more accessible.

Read also - Munich-based Solar Tech Company Sono Motors Secures Investment from Yorkville

Their quantum computers are available in data centers, private clouds, and Amazon Braket. OQC Toshiko, a powerful and secure 32-qubit enterprise-ready quantum computer, is currently in private beta and will be available soon through a fabric of public clouds and data centers.

Recommended Stories for You

story
Denmark

Tech vendors Cookie Information and Digital Analytics Suite Vendor Piwik PRO are Merged

Startup Rise EU Nov 7, 2023

story
Recent Articles

[Funding alert] Danish AI Startup Responsibly Secures $2.4 million in Seed Funding

Startup Rise EU Oct 5, 2023

story
Funding

Revizto Funding News – Revizto Announces Minority Investment From Summit Partners

Team SR Jul 12, 2024

story
Belgium

[Funding alert] Leuven-based VaultSpeed Raises €15.1 Million Series A Round Funding

Startup Rise EU Nov 16, 2023

story
Funding

[Funding alert] Berlin-based AI Travel Planner Layla in Funding

Startup Rise EU Nov 30, 2023

story
Funding

Vsquared funding news – Munich-based VC Vsquared Ventures Secures €214 Million in Funding

Startup Rise EU Jun 11, 2024