Quantum computing startup Universal Quantum secures over $100 million
Universal Quantum, a spin-out from the University of Sussex, has closed a Series A round worth more than $100 million to expand its work on large-scale machines.
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What happened
Universal Quantum, a University of Sussex spin-out that builds large-scale quantum computers, has raised more than $100 million in Series A funding. The money is intended to support development of quantum computing technology and global expansion. The investment also features in coverage of a quantum technology hub in Sussex and Brighton.
Why it matters
The funding is aimed at scaling up quantum computing technology and expanding the company internationally.
Timeline
- Oct 13, 2:44 PM ET: Universal Quantum announced it had raised more than $100 million in Series A funding.
- Oct 14, 7:30 PM ET: Coverage examined the investment and the company's ambitions for a Sussex and Brighton quantum technology hub.
Coverage
- Sussex spin-out Universal Quantum raises over $100m | ETIH EdTech News (edtechinnovationhub.com)
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