Friday, December 1, 2023

Oxford Quantum Circuits raises $100M for QCaaS

Oxford Quantum Circuits (OQC), a start-up based in the UK focused on quantum compute-as-a-service (QCaaS), announced a US$100 million funding round led the SBI Investment, a Japanese  VC fund. New investors in the round have been confirmed in addition to existing investors, Oxford Science Enterprises (OSE), University of Tokyo Edge Capital Partners (UTEC), Lansdowne Partners, and OTIF, acted by manager Oxford Investment Consultants (OIC).

In addition, OQC announced the public availability of OQC Toshiko, an enterprise-ready, 32-qubit quantum computing platform that will soon be offered on public clouds.

Commenting on the news, Ilana Wisby, Chief Executive Officer at OQC, said: “To solve the world’s most pressing challenges – from climate change to accelerated drug discovery – we need to put quantum computers in the hands of humanity and at the fingertips of our most brilliant minds. We’re proud to be pioneering enterprise ready quantum with our customers, partners and investors.”

Eugene Bergen President, EMEA at Equinix, said “As the world’s digital infrastructure company, Equinix continues to partner with the very best to accelerate innovation by facilitating secure, high-bandwidth access to cutting-edge technology such as quantum computing for thousands of organisations worldwide. The inclusion of OQC’s quantum computer into our global interconnection ecosystem on Platform Equinix® reinforces our dedication to fostering innovation and continues to push the boundaries of what is possible. We are thrilled by the great partnership with OQC that enables us to stay ahead in innovation to help organisations across the globe address some of the world’s most pressing challenges.”

“Addressing the grand challenges of tomorrow requires the seamless integration of quantum with the GPU-accelerated supercomputing of today,” said Tim Costa, director of HPC and quantum at NVIDIA. “By combining OQC Toshiko with the NVIDIA GH200 Grace Hopper Superchip through NVIDIA CUDA Quantum, a platform for integrated quantum-classical computing, OQC can better empower businesses and researchers to make breakthroughs across industries and in critical scientific domains.”

https://oxfordquantumcircuits.com/toshiko-the-worlds-first-enterprise-ready-quantum-platform