OQC, a Reading, UK-based quantum compute-as-a-service (QCaaS) company, raised $100M in funding.
The round was led by SBI Investment with participation from Oxford Science Enterprises (OSE), University of Tokyo Edge Capital (UTEC), Lansdowne Partners, and OTIF, acted by manager Oxford Investment Consultants (OIC).
The company intends to use the funds to further enhance its R&D sector and its ability to bring enterprise ready quantum to businesses globally.
Led by CEO Ilana Wisby, OQC is an enterprise-ready quantum compute company which has announced the public availability of OQC Toshiko, an enterprise ready quantum computing platform. It is deployed to commercial data-centres, enabling businesses to tap into technology from anywhere in the world, securely. This platform is especially important for customers handling sensitive data, in sectors such as financial services, pharmaceuticals, energy, defence and government. It is now in private preview and coming soon on public cloud and data centre fabric. The team has built and deployed OQC Toshiko platforms to colocation data centres expanding its operations in the UK, Japan and Spain.
Prior to Series B, OQC raised £41M including the largest Series A in quantum in the UK at that time. In 2023, OQC’s team grew to over 100, attracting talent from across the globe.
FinSMEs
28/11/2023