OQC Raises About £869,000 ($1M USD) in Second Round Funding

This investment funding for Oxford Quantum Circuits (OQC) follows a £38 Million ($46M USD) Series A round that they raised last year. The investors include Quantum Exponential whose portion was £299,997 and also Japanese private equity firm HiJoJo Partners. The funds will be used by OQC for R&D and also to expand the company's effort in Asia with a focus on Japan. OQC currently has available an 8 qubit processor named "Lucy" which uses their proprietary 3D Coaxmon technology and Lucy can be accessed through Amazon Braket or OQC's own private quantum cloud. The company is also partnering with Cyxtera install one of OQC”s superconducting processors in Cyxtera’s Reading Data Center Campus LHR3. Additional information about this investment is available in a news release posted on the Quantum Exponential website here.

February 3, 2023