Market & RegulationInvestment · $350M
Oxford Quantum Circuits raises $350M Series C
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Why it matters
- →This funding round is the largest for a private quantum computing company in Europe, highlighting significant investor confidence.
- →OQC's approach of offering quantum computing as a service could accelerate the adoption of quantum technology in various industries.
- →The investment will enable OQC to enhance its systems and expand its reach, pushing quantum computing closer to commercial viability.
Oxford Quantum Circuits (OQC) has raised $350 million in a Series C funding round, the largest ever for a private quantum computing company in Europe. The round was led by Bullhound Capital and included participation from several international investors. OQC builds quantum computers using superconducting qubits and offers them as a service through cloud partners. This funding will help OQC expand its operations and improve its quantum systems, as the company aims to commercialize quantum computing technology.
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