Oxford Quantum Circuits Launches "World's First Enterprise Ready" Quantum Computing Platform with $100M Series B Funding Round

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Cointime2023/11/28 18:12

By:Cointime

Oxford Quantum Circuits (OQC), a spinout from Oxford University's physics department, has launched Toshiko, a 32-qubit quantum computing services platform, which it claims is the world's first enterprise-ready quantum computing platform. The launch was accompanied by a $100m Series B funding round led by Japan's SBI Group's investment arm. OQC is partnering with Equinix, NVIDIA, AWS and McKinsey to bring quantum computing out of the lab and pave the way for quantum advantage. The company has raised $143m to date, with both its Series A and Series B funding rounds representing the largest respective quantum computing start-up funding rounds in UK history.

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