Oxford scientists achieve quantum computing milestone
In a significant advancement towards practical, large-scale quantum computing, researchers at the University of Oxford’s Department of Physics have demonstrated the first instance of distributed quantum computing. Using a photonic network interface, they successfully linked two separate quantum processors to create a single, fully connected quantum computer, paving the way for tackling previously insurmountable computational […]
Oxford tech firm Seaglass reports record 45% revenue growth
Oxford-based cloud technology business Seaglass has announced its best-ever year-on-year revenue growth in 2024, with a 45 per cent increase. Launched in 2017 by a team of utility experts with over 20 years of experience in the energy industry, Seaglass identified a gap in the market for billing and back-end systems tailored to the specific […]
Dexory secures £66M in Series B to drive AI-enhanced warehouse robotics
Robotics and data intelligence firm Dexory, which is based in Oxford, has closed a £66 million Series B funding round, to accelerate its AI-driven platform, DexoryView. The investment will also enhance production at its UK headquarters and expand its global reach – particularly in the US, where it already operates in seven states. Since launching […]
Purple Transform secures funding for AI project to reduce rail incidents
Oxford-based technology company Purple Transform has secured a grant from Innovate UK, part of UK Research and Innovation, to develop AI models that could dramatically improve safety at level crossings. The project, ‘Levelling Up Crossings’, will use the firm’s intelligent platform, SiYtE, to analyse CCTV footage in real-time. The AI will be trained to spot potentially […]
Oxford’s Exscientia merges with USA biotech firm in £550M+ deal
Exscientia and Recursion announce a merger valued at £550m. The combined company aims to accelerate drug discovery and development, with potential for over £16bn in revenue. Strategic partnership will drive significant advancements in treating various diseases.
Sophos’ new CEO focuses on supporting mid-market and small businesses
New CEO at Oxfordshire’s Sophos highlights the crucial role of partners in efforts to support mid-market and smaller organisations, as well as in the hybridisation of products and services.
Oxford Dynamics wins £1M contract to design, develop and supply robot for MoD
Oxford Dynamics developing Strider, a robot designed for hazardous environments, under a £1 million MoD contract.
Quantum leap for UK as tech industry receives £100M boost
Discover how the UK is revolutionising healthcare, security, and clean energy with a £100 million investment in five new quantum technology hubs across Oxford, London, Birmingham, Oxford, Glasgow and Edinburgh.