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Oxford Quantum Circuits scores $46.4 million
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Oxford Quantum Circuits scores $46.4 million
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11th July 2022, 08:01
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,652
 |  Oxford Quantum Circuits scores $46.4 million You can get a lot of potentially dead or alive cats for that Oxford Quantum Circuits has closed a $46.4 million funding round to accelerate its research and development as it looks to expand into Asia. Oxford Quantum Circuits, or OQC, specialises in quantum computer hardware. Its approach to superconducting circuits aims to reduce the error rate in quantum computers, which store information in a measurement called qubits (traditional computers use bits). Oxford Quantum Circuits says its three-dimensional architecture for superconducting circuits makes it less likely for the quality of a qubit to degrade, compared to two-dimensional circuits. In February, the company launched Lucy, an 8-qubit processor, which is available for enterprise customers as part of Amazon Web Service’s (AWS) cloud-based quantum computing services. The processor is used by businesses in financial services, pharma, and logistics. OQC spun out of the University of Oxford in 2017 and was founded by CEO Ilana Wisby. Wisby said: “Since launching the UK’s first commercially available quantum computer, we have continued to be highly impressed with both the technical developments and also the future ambitions of OQC,” said Peter Davies, partner, and head of developed markets strategy at Lansdowne Partners. https://fudzilla.com/news/55119-oxfo...s-46-4-million |
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