UK-based Oxford Ionics, a startup solving critical scalability issues facing the future of quantum computing, announced that it has raised £30M in a Series A round of funding from some of the world’s leading quantum and tech investors.
Oxford Ionics has now raised a total funding of £37M.
Oxford Science Enterprises and Braavos Investment Advisers led the current round.
The round also saw participation from Lansdowne Partners, Prosus Ventures, 2xN, Torch Partners, and Hermann Hauser (founder of chip giant ARM).
Founded in 2019 by Dr. Chris Ballance and Dr. Tom Harty, Oxford Ionics designs and scales one of the ‘most’ promising quantum computing technologies – trapped ions.
According to Oxford Ionics, trapped ions have long been shown to be superior as many technologies compete for dominance to drive toward a quantum future.
Oxford Ionics’ system has regularly outperformed the others among the highest-performing quantum systems to date, all of which are driven by trapped ions.
According to Oxford Ionics, the funds will be used to hire new employees for positions across the company’s different roles as it grows – from designers, scientists, engineers, and an expanding back-office crew, in addition to software developers and engineers.
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