Categories: Business News

Oxford quantum computing start-up QuantrolOx raises £1.4m in seed funding

Published by
Stephen Emerson

Oxford University Quantum Computing start-up, QuantrolOx, has raised £1.4 million in seed funding.

QuantrolOx wants to use machine learning to control qubits, comparable to a binary digit or bit in classical computing, inside of quantum computers.

The seed funding round was led by Nielsen Ventures and Hoxton Ventures with Voima Ventures, Remus Capital, Dr. Hermann Hauser and Laurent Caraffa also investing.

Vishal Chatrath, the company’s cofounder and CEO, said: "One of the dirty little secrets of quantum computing is that the machines are only usable for about 10-30% of the time — the rest of the time the machine is waiting to be tuned and readied by a quantum technician. But with automated tuning software, you could get up to 80 or 90% on these expensive machines."

QuantrolOx’s system will be able to tune, stabilize and optimize qubits significantly faster. Current methods, QuantrolOx CEO Chatrath argues, aren’t scalable, especially as these machines continue to improve.

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.

Recent Posts

Publisher Future plc sees in-line trading in first-half

Bath-based Future plc, the publisher of specialist online and print magazines, said trading in its…

1 day ago

IS-Instruments Ltd and Bristol university among six UKAEA contract winners

The university of Bristol was one of six organisations to receive a contract from the…

1 day ago

Oxford BioDynamics teams up with King's College in bid to boost rheumatoid arthritis prevention

Oxford BioDynamics Plc is teaming up with researchers at King's College London in a bid…

1 day ago

UK needs quarter of a million extra construction workers by 2028

More than a quarter of a million extra construction workers are needed in the UK…

1 day ago

Vistry makes good start to year, bolstered by partnership model

Kent-based housebuilder Vistry revealed it was on track to deliver more than 10% growth in…

1 day ago

Dorset start-up with green ambitions boosted by SWIG Finance loan

A Dorset-based company, which has developed ground-breaking technology to recycle plastic waste and turn it…

1 day ago