Quantum Motion, a UK-based quantum computing scale-up established by the University College of London’s Professor John Morton and Oxford University’s Professor Simon Benjamin, has raised more than £42 million in equity capital from some of the world’s best quantum and technology investors.
The current round of funding for Quantum Motion takes the total amount raised to £62 million. This is one of the most substantial increases in UK quantum computing history, accelerating the development of silicon quantum processors of Quantum Motion through strengthening links with manufacturing partners and tripling the size of its central London headquarters.
Quantum Motion aims to create scalable quantum computers using extremely advanced silicon transistor manufacturing technologies. The company is creating a revolutionary technology platform that is more than just a qubit; it is a scalable array of qubits based on the ubiquitous silicon technology already used to make chips in smartphones and computers.
Quantum Motion Milestones over the last two years
Over the last two years, the company has made a number of peer-reviewed and record-breaking achievements demonstrating how silicon could be the most efficient, cost-effective, and scalable way of producing the millions of qubits required to build fully functional fault-tolerant quantum computers.
On top of that, the firm has raised approximately £20 million in equity and grant funding from the UK and EU, as well as existing investors, to support its early-stage development and growth, allowing it to accomplish milestones that suggest a clear route toward creating quantum computers.
Furthermore, Quantum Motion has created and certified integrated circuits that can generate route and process signals at deep cryogenic temperatures as low as a few tenths of a degree above absolute zero. Recent demonstrations, such as the bulk characterization of thousands of multiplexed quantum dots manufactured in a tier-one foundry, have highlighted the company’s superiority.
Quantum Silicon Developments
In addition, the company was able to Isolate a single electron in a silicon transistor and show that its spin may keep its state for up to nine seconds. And also attained a world record measurement of quantum devices constructed on a silicon chip was also achieved – reading 1024 quantum dots occupying an area of less than 0.1mm2 in an industry-leading 12 minutes.
Quantum Motion also produced a quantum processor on silicon – a 3x3mm2 ‘Bloomsbury’ chip. And established a multi-million-pound lab in central London, the most significant low-temperature facility of any UK quantum enterprise to date.
Bosch Ventures (RBVC) leads the funding round with Porsche Automobil Holding SE (Porsche SE) and British Patient Capital. Previous round investors were also welcomed back, such as Oxford Science Enterprises, Inkef, Parkwalk Advisors, Octopus Ventures, IP Group, and NSSIF.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie.
The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application.
This cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
This cookie is set by Gauges. This cookie helps in improving the webisite by tracking the user behaviour on using the website.
This cookie is set by Gauges. This cookies used for various purposes like proper functioning of the service, marketing and statistical analysis needed for the website. It helps to improve the website by collecting information of the visitors behaviour.
These cookie is set by Gauges for various purposes including ensuring proper functioning our Services, marketing and other statistical analyses needed by the website.
This cookie is set by Gauges. This cookie is used for various purposes like proper functioning of the service, marketing and statistical analysis needed for the website.
This cookie are set by Gauges, this is Performance type cookies. They collect information about how visitors use the website and improves the website with this information.This cookie is used for various purposes like proper functioning of the service, marketing and statistical analysis needed for the website.
This cookie is set by Gauges. This cookies used for various purposes like proper functioning of the service, marketing and statistical analysis needed for the website.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
1 year 24 days
This cookie is set by Google and stored under the name dounleclick.com. This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites.
This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
This cookie is set by Google and is used to distinguish users.
This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
16 years 5 months 15 days 2 hours
These cookies are set via embedded youtube-videos. They register anonymous statistical data on for example how many times the video is displayed and what settings are used for playback.No sensitive data is collected unless you log in to your google account, in that case your choices are linked with your account, for example if you click “like” on a video.
Scorecard Research sets this cookie for browser behaviour research.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
1 year 24 days
Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
This cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
5 months 27 days
This cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
This cookies is set by Youtube and is used to track the views of embedded videos.