OQC announces Series C raise with £100m commitment
The investment from British Business Bank will accelerate quantum computing infrastructure and global expansion.
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Quantum hardware and cloud compute services
oqc.techLast updated
In short: OQC raised £260 million in an oversubscribed Series C round and opened New York City's first quantum-AI data center to scale global operations.
The investment from British Business Bank will accelerate quantum computing infrastructure and global expansion.
CEO Gerald Mullally discussed the funding round on CNBC, highlighting OQC's growth in quantum computing.
The oversubscribed round is Europe's largest private quantum computing funding to date, enabling international expansion.
Achievements include fraud reduction with Mastercard, defence with QinetiQ, airline optimization with Vueling, finance innovation with Inter, and quantum exploration with IBM. UK Government's £2bn commitment accelerates progress.
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The UK government invested in Kraken, Wayve, and Oxford Quantum Circuits to prevent top startups from relocating abroad for funding.
Oxford Quantum Circuits (OQC), a superconducting quantum hardware spinout from Oxford University, has closed a £260 million Series C — the largest private quantum computing...
The London AI data centre integrates quantum, AI and high-performance computing infrastructure, enabling research into hybrid quantum-classical applications for financial services.
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