Aegiq Closes Oversubscribed Investment Round, Brings Total Funding to Nearly £4 Million

Aegiq Closes Oversubscribed Investment Round, Brings Total Funding to Nearly £4 Million

PRESS RELEASE — Aegiq has announced that it secured significant investment from Black Quant and Quantum Exponential, as well as private angels. Together, with existing funding from Innovate UK and High-Tech Gründerfonds, the investment brings Aegiq’s total available funding to nearly £4 million, or about $4.8 million. According to sources, the latest round brought in […]

QuantWare and QuantrolOx Partner to Speed up Development of Open-architecture Quantum Computers

QuantWare and QuantrolOx Partner to Speed up Development of Open-architecture Quantum Computers

PRESS RELEASE — QuantWare, a leading provider of superconducting Quantum Processors, and QuantrolOx, a leading developer of Machine Learning Based qubit control software today announced a partnership to speed up the development of open-architecture quantum computers. This partnership combines the unique automated machine learning based control software from QuantrolOx with QuantWare’s scalable, affordable and customizable […]

TQI Exclusive: Interview With Maksym Sich of Aegiq

TQI Exclusive: Interview With Maksym Sich of Aegiq

New Funding Round Fresh off a round that topped up Aegiq’s funding to $4.9 million, not days before, The Quantum Insider sat down for a chat with the company’s CEO Maksym Sich at The Economist’s Commercialising Quantum conference. A University of Sheffield spinoff that he co-founded along with Andrii Iamshanov and Scott Dufferwiel, Aegiq’s quantum photonics […]

ORCA Computing Announces $15 Million Series A Led by Octopus Ventures

ORCA Computing Announces $15 Million Series A Led by Octopus Ventures

ORCA Computing, a full-stack photonic quantum computing company, is reporting a banner day — announcing that it sold its first quantum computing system to the UK Ministry of Defence and, now, Sifted is reporting the startup closed a $15 million Series A funding round. The London-based company is a a spinoff from the University of […]

ORCA Sells Their PT-1 Quantum Computer to UK Ministry of Defence

ORCA Sells Their PT-1 Quantum Computer to UK Ministry of Defence

PRESS RELEASE — British quantum computer developer, ORCA Computing, is working with the UK Ministry of Defence (MoD) to develop future data processing capabilities. In a year-long programme of activity, MoD will use ORCA’s PT-1 quantum computer, the first computer of its kind to operate at room temperature and be based on-premises. ORCA computing has […]

UK Quantum Milestone Announced: a ‘First Five’ Life-changing New Products Now in Trials

UK Quantum Milestone Announced: a ‘First Five’ Life-changing New Products Now in Trials

  PRESS RELEASE — JUNE 15, 2022 (UK Research and Innovation) — A ‘first five’ new devices set to transform society and the economy — from healthcare to finance, defence, environmental protection and industrial opportunity — using quantum technology are now in trials across the UK. They redraw the frontiers of what is possible and promise extraordinary step-change advances touching all our lives. […]

TQI Exclusive: SparQ to Fire Up Quantum Readiness in the UK

TQI Exclusive: SparQ to Fire Up Quantum Readiness in the UK

SparQ is set to accelerate UK innovation in the use of quantum computing, according to the program’s organizers and partners. The program, developed by the National Quantum Computing Centre (NQCC), will help UK-based companies and researchers in the early exploration of applications for quantum computing. The NQCC recently announced it will team up with Oxford […]

Rigetti Computing Expands Global Presence With UK Quantum Computer Launch

Rigetti Computing Expands Global Presence With UK Quantum Computer Launch

  PRESS RELEASE — London, June 21, 2022 — Rigetti UK Limited, a wholly-owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced the launch of its 32-qubit Aspen-series quantum computer in the UK. The system, which is Rigetti’s first UK-based quantum computer, will be available to its UK […]

EY Survey: Most UK Business Leaders Expect Quantum Computing Disruption, But Planning Lags

EY Survey: Most UK Business Leaders Expect Quantum Computing Disruption, But Planning Lags

PRESS RELEASE — EY’s Quantum Readiness Survey 2022, produced in collaboration with the National Quantum Computing Centre (NQCC), has found that 81% of senior UK executives expect quantum computing to play a significant role in their industry by 2030. This research marks a continuation of the UK’s commitment to developing its quantum computing capabilities, spearheaded […]