Quantum Motion has raised $160 million in Series C funding. Founded in 2017, the company is a UK-based spin out from Oxford University and University College London. As the name belies, Quantum is developing quantum computers for diverse industries including finance and cybersecurity.
Quantum states that it is developing the “most scalable, cost-efficient quantum computers designed to fit inside standard, existing data centre.”
The funding round was jointly led by DCVC and Kembara, with participation from Firgun, as well as existing investors. The British Business Bank committed £40 million as part of the round after investing £5 million in the Series B round in 2023.
The British Business Bank noted that the investment builds on its partnership with the National Security Strategic Investment Fund (NSSIF), who first backed the company in 2020.
Quantum Motion recently released its deployment of a full stack quantum computer built on standard silicon chips.
Leandros Kalisperas, Chief Investment Officer at British Business Bank, said, they are making larger investments in high‑growth companies to ensure the most promising businesses have access to the growth capital.
Since Quantum’s last funding round in 2023, the company has opened labs and offices in Spain and Australia.
Quantum Motion builds utility-scale quantum computers using industry-standard silicon transistors. Built on a scalable array of qubits using the silicon technology found in smartphones and computers,