London’s Quantum Motion has secured £126 million in a Series C funding round. The investment is intended to support the commercialisation of the company’s method for developing quantum computers that are designed to be both scalable and energy efficient.
The firm develops these systems using industry standard silicon transistors, similar to the technology found in everyday devices such as smartphones. The technology is engineered to fit within standard data centre racks, which reduces the requirement for specialised facilities or the high energy consumption often linked with other quantum architectures.
This latest funding round included participation from new investors such as DCVC, Kembara, British Business Bank, and Firgun. They were joined by existing backers including Oxford Science Enterprises, Inkef, Bosch Ventures, Porsche Automobil Holding SE, and Parkwalk Advisors.
Since its previous financing in 2023, the company has grown its international presence by opening new laboratories and offices in Australia and Spain.
James Palles-Dimmock, chief executive of Quantum Motion, stated: “Quantum computing will only achieve its full potential if it can be built on a platform that scales, and we believe silicon is the strongest route to achieving that.”
The capital injection arrives as both the private sector and various governments increase their commitments to the field. In March, a UK government programme valued at up to £2 billion was introduced. Regarding the recent investment and the company’s goals,
James Palles-Dimmock added: “We are pleased to be joined by investors who share our vision and understand what it takes to build a foundational company in this field.”
Image source: Pixabay
