Universal Quantum raises $100m in largest UK quantum Series A
The round was co-led by DCVC and Firgun Ventures and includes EDBI and Roblox chief executive David Baszucki, backing product development and new research hubs.
- On Thursday, Brighton-based Universal Quantum announced more than $100 million in Series A funding, marking the largest such round ever raised by a UK-headquartered quantum firm.
- Founded in 2018 at the University of Sussex, the company utilizes trapped-ion technology using suspended charged atoms and designs systems by linking advanced quantum chips to solve complex problems.
- DCVC and Firgun Ventures co-led the round, with participation from Singapore's Economic Development Board Investments and Roblox founder and CEO Dave Baszucki. CEO Sebastian Weidt said the investor base is "meant to be as global and sovereign as possible."
- Universal Quantum is delivering a $77 million contract for the German Aerospace Center , operating as a consultant to help agencies and businesses prepare software for its quantum systems.
- Gartner forecasts worldwide quantum computing revenue of $869.9 million in 2026, though the research firm warns the market is overcrowded and expects more than half of quantum computing startups to close by 2030.
15 Articles
15 Articles
‘Nations and businesses have scaled spending’ on quantum computing
Quantum computing startup Oratomic has raised $475 million at a $5.4bn valuation, Isabelle Bousquette reported for The Wall Street Journal on Thursday. The round came three months after its Series A and lifted its valuation from $1.5bn. The same day, British startup Universal Quantum announced a Series A of more than $100 million. Gartner then […] This story continues at The Next Web
Universal Quantum Closes $100 Million Series A to Accelerate Modular Trapped-Ion Architecture Scaling
Universal Quantum, a UK-based hardware developer specializing in trapped-ion quantum processors, has successfully closed a $100 million Series A funding round. This investment will fuel their international expansion, including operations in Europe, Singapore, the U.S., and Japan, and support their $77 million contract with the German Aerospace Center. Their technology utilizes modular silicon chiplets connected by micro-electric ion-shuttling li…
One of the main candidates to succeed artificial intelligence (AI) as the next big wave of technology, quantum computing has gained two reinforcements to come out in front in this match with the contributions announced in Oratomic and Universal Quantum on Thursday, October 8th. Oratomic is the one who most illustrates this growing interest in this space. [...] The post Funds invest heavily and put quantum computing in the fight to be the next I.…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
