Sifted reports that Oxford Quantum Circuits, a quantum computing company based in Oxford, has secured $250 million in a Series C funding round, as interest in quantum infrastructure keeps growing across Europe.
The round was led by Bullhound Capital, with participation from the British Business Bank, Fynveur, Cofides, Fulcrum Asset Management, Pentland Ventures, Magdalen College Oxford, Oxford Capital, Firgun, Alpha Edison, 18 West and Adaptive Capital Partners.
OQC builds quantum computers using superconducting qubits and provides access to its systems through partner data centres. The company said the new funding will support expansion into new geographies, improve the capabilities of its systems and help build and deploy its next-generation platform.
The deal adds to a growing run of large financings in quantum computing, a sector drawing renewed backing as companies push to move the technology closer to commercial use.
The round was led by Bullhound Capital, with participation from the British Business Bank, Fynveur, Cofides, Fulcrum Asset Management, Pentland Ventures, Magdalen College Oxford, Oxford Capital, Firgun, Alpha Edison, 18 West and Adaptive Capital Partners.
OQC builds quantum computers using superconducting qubits and provides access to its systems through partner data centres. The company said the new funding will support expansion into new geographies, improve the capabilities of its systems and help build and deploy its next-generation platform.
The deal adds to a growing run of large financings in quantum computing, a sector drawing renewed backing as companies push to move the technology closer to commercial use.