A computer chip with ’Quantum Motion’ written on it
A computer chip with 'Quantum Motion' written on it - Quantum Motion, a quantum computing spinout led by researchers from UCL and Oxford University, has raised more than £42 million from investors to help develop silicon quantum processors from the laboratory to industrial applications. The round of investment attracted major technology investors, led by Bosch Ventures (RBVC) and joined by Porsche Automobil Holding SE (Porsche SE) and British Patient Capital. This is on top of more than £20 million raised in earlier investment rounds, from investors that included Oxford Science Enterprises, Inkef, Parkwalk Advisors, Octopus Ventures, IP Group and NSSIF. Quantum Motion was founded in 2017 by Professor John Morton (UCL London Centre for Nanotechnology) and Professor Simon Benjamin of Oxford University, and is working to develop commercially-available quantum computers using silicon chips. Professor John Morton (UCL London Centre for Nanotechnology) said: "The new investment will allow Quantum Motion to strengthen its relationship with manufacturing partners, grow its team and facilities, and accelerate the development of scalable quantum processors based on a silicon platform." James Palles-Dimmock, CEO of Quantum Motion, said: "The support of leading technology investors enables us to realise our vision of a quantum computer built using standard foundry processes. This support, along with the continuing UK national quantum programme and European initiatives, provides a step-change in our capabilities.
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