Quantum Motion spin-out raises £8M funding
Congratulations to Professor Simon Benjamin and Professor John Morton (now at UCL but also formerly of this department) whose spin-out company Quantum Motion Technologies Ltd (QMT) has completed an £8.0m series A round of investment. The raise will enable QMT to develop a fault tolerant quantum processor, based on its patented designs, leveraging the advantages of CMOS manufacturing.
Founded in 2017, Quantum Motion is developing silicon spin-based qubit architectures which are compatible with standard CMOS fabrication and so provide easier scaling to thousands and millions of qubits. This is particularly important to allow the qubit redundancy that is required to make a fully functional, fault tolerant, quantum computer, but also gives the near-term opportunity of easy integration in a hybrid quantum/classical computer.
Also see press release quantum motion, tech.eu , eu-startups.com, parkwalkadvisors.com