Universal Quantum Emerges from Stealth with Oversubscribed £3.6 Million Seed-Funding Round
(PRNewswire) Universal Quantum has today emerged out of stealth announcing an oversubscribed £3.6 million seed-funding round. The company is set to develop its ground-breaking new quantum computing approach and compete with the world’s biggest quantum computing companies with backing from highly influential tech investors.
Universal Quantum’s prestigious list of investors includes Hoxton Ventures, who were early backers of Deliveroo, Village Global, backed by the likes of Bill Gates, Mark Zuckerberg and Jeff Bezos, Propagator VC, Luminous VC, 7percent, as well as influential individuals. Investors have described Universal Quantum as having ‘the best approach to deliver on the exponential promises of quantum’.
The University of Sussex spin-out company, founded by quantum computing experts Professor Winfried Hensinger and Dr Sebastian Weidt in 2018, is intent on building the world’s “first large-scale quantum computer” with Hensinger as the Chief Scientist & Chairman and Weidt as the Chief Executive Officer.
Hensinger and Weidt have developed a radical new approach to building a quantum computer. While some companies have created small quantum machines, Universal Quantum believes that only its technology has a realistic opportunity of being scaled up into machines large enough to unleash the huge potential of quantum computing.