UK – Oxford Iconics, an Oxford, UK-based quantum computing company, raised £30M in Series A funding.
The round was led by Oxford Science Enterprises and Braavos Investment Advisers, with participation from Lansdowne Partners, Prosus Ventures, Torch Partners, Hermann Hauser and 2xN.The company intends to use the funds to accelerate its expansion with the hiring of people in roles across different functions.Founded in 2019 by Dr Chris Ballance and Dr Tom Harty, Oxford Ionics is a high-performance quantum computing company, delivering innovations to create reliable quantum computers to solve the world’s most important problems. Its processor integrates into semiconductor chips by combining qubit technology – trapped ions – with patented Electronic Qubit Control (EQC) technology. Instead of lasers, Oxford Ionics’ trapped-ion processors use a proprietary, patented Electronic Qubit Control (EQC) system to control the qubits. This allows them to combine quantum performance of individual atoms with electronics integrated into silicon chips.09/01/2023
