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Oxford Quantum Circuits works with Japanese fund to raise funding

The Business Magazine article image for: Oxford Quantum Circuits works with Japanese fund to raise funding
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1 December 2023
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Quantum computing company Oxford Quantum Circuits is to raise £79.3m to further advance its technology.

The company is working with Japanese venture capital fund SBI Investment and is expected to complete the round in the first quarter of next year.

The firm's Series B funding round saw Oxford Science Enterprises, University of Tokyo Edge Capital, Lansdowne Partners and OTIF take part.

Support from the Japanese investor follows the quantum startup’s ambitions to expand into Japan after it secured £869,000 in extra funds in February.

Based in Reading, Oxford Quantum Circuits scooped £38m for its Series A in July last year.

Ilana Wisby, CEO of Oxford Quantum Circuits, said: “To solve the world’s most pressing challenges – from climate change to accelerated drug discovery – we need to put quantum computers in the hands of humanity and at the fingertips of our most brilliant minds."


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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.

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