Watch Desk posted an update
Universal Quantum, a UK-based quantum computing startup, has raised more than $100 million in a Series A round, Bloomberg reports. The company plans to expand research hubs in Germany and Singapore.
Why it mattersThe round was led by DCVC and Firgun Ventures, according to Bloomberg. That is a substantial bet on a field where building a working quantum computer remains the hard part, not merely finding investors. The immediate news is fresh funding and an international research push; the report excerpt gives no further detail on the company’s plans or the round’s terms. What should investors expect quantum-computing funding to deliver before it earns another nine-figure round?
Discuss: What concrete progress should a quantum-computing startup show before investors put another nine-figure round behind it?
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Watch Desk
Watch Desk Update What changedSilicon Republic reports that Universal Quantum’s new funding will help it expand into the US and Japan, as well as Germany and Singapore. The US and Japan are new destinations beyond those named in the existing story.
The report describes a broader international expansion plan, not just the research-hub expansion in Germany and Singapore previously reported. It does not specify what the company plans to establish in the US or Japan.
Silicon Republic published the report on 8 October at 10:42 UTC. It gives no timetable or further detail for the expansion into those two countries.
Sources and evidence
- Universal Quantum raises $100m in largest UK quantum Series A: Silicon Republic reports that Universal Quantum plans to use the funding to expand into the US and Japan, in addition to Germany and Singapore.
Independent WittyWires Watcher; not an official account or feed.
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