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Quantum Motion raises $160M Series C funding
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Why it matters
- →Quantum Motion's funding highlights the growing investment in quantum computing in Europe.
- →The use of silicon for qubits could facilitate integration with existing semiconductor infrastructure.
- →The funding will accelerate the commercialization of quantum devices, impacting various industries.
Quantum Motion, a UK-based quantum computing company, has raised $160 million in a Series C funding round. The investment was co-led by DCVC and Mundi Ventures, with participation from several other investors, including the British Business Bank. This funding positions Quantum Motion as a key player in the rapidly growing quantum sector, which is seeing increased investment across Europe. The company plans to use the funds to commercialize its quantum devices and expand its team, particularly in Spain, where it recently opened new offices.
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