OQC's Series C ranks among top European tech funding deals
The £260M round was announced in June, highlighting quantum computing's strategic importance in Europe.
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In short: OQC raised £260M Series C, launched New York Quantum-AI Data Centre, and expanded globally through partnerships.
The £260M round was announced in June, highlighting quantum computing's strategic importance in Europe.
The fundraise marks a milestone for quantum computing and supports global scaling and enterprise-ready infrastructure.
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.
A £260m series C funding round completed in June by Oxford Quantum Circuits (OQC), including the first direct £100m investment by the British Business Bank.
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.
Chancellor of the Exchequer, Rachel Reeves, said: "OQC's £260 million funding round is a major vote of confidence in the UK's quantum sector and shows...
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