Quantum Motion Raises £42m to Develop Scalable Quantum Computing Through Silicon-Based Quantum Processors
London-based start-up Quantum Motion has raised £42m ($50.5m) in an equity round of funding led by Bosch Ventures, with participation from Porsche, the UK government’s National Security Strategic Investment Fund (NSSIF), and several investors.
Quantum computing, which uses quantum bits (qubits) rather than atoms, promises to speed up what's possible with computers by performing complex calculations in a fraction of the time.
Quantum computing, which uses quantum bits (qubits) rather than atoms, promises to speed up what's possible with computers by performing complex calculations in a fraction of the time.
Quantum Motion's processors are based on CMOS technology and can be produced at existing chip plants or fabs.
Compared to big tech companies like IBM and Google, Quantum Motion's advantage is their agility, focus on a single goal, and a highly skilled team across multiple disciplines.
The additional funding will help Quantum Motion realize its vision of a quantum computer built using standard foundry processes.
Quantum computing will have an impact in areas related to materials science, energy materials, chemistry such as drug discovery, or optimization, possibly stretching to logistics and transport.
Quantum Motion's innovative silicon-based quantum processors are designed to generate, route, and process signals at deep cryogenic temperatures.
Being located in central London, Quantum Motion can show that their approach to quantum computing doesn't require data centers the size of football pitches or vast CERN-type facilities.
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