Quantum Motion Technologies has just announced it has completed a £8.0 million Series A round of investment.
The company, a UK-based quantum computing company based at UCL and Oxford University, develops a fault tolerant quantum processor based on its patented designs, leveraging the advantages of CMOS manufacturing.
INKEF Capital, a Dutch-based venture capital company, led the new funding. The round was supported by new investors, Octopus Ventures and the National Security Strategy Investment Fund, as well as existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group plc.