Quantum Motion raised $160m to support commercialization of its silicon-based quantum computing technology
AI Summary
Quantum Motion raised $160 million in Series C funding to advance its silicon-based quantum computing technology.
Quantum Motion has successfully raised $160 million in a Series C funding round, marking a significant milestone for the company's efforts to bring silicon-based quantum computing to the commercial market. The funding round was co-led by DCVC and Kembara, with additional participation from the British Business Bank and Firgun.
This capital injection is intended to support the company's ongoing research and development, specifically focusing on scaling its silicon-based quantum architecture. By leveraging existing semiconductor manufacturing processes, Quantum Motion aims to create more scalable and cost-effective quantum processors.
The investment reflects growing confidence in silicon-based approaches to quantum computing, which are often viewed as a viable path toward large-scale, fault-tolerant systems. The company plans to use these funds to expand its engineering teams and accelerate its product roadmap.
Related News
QuEra Expands $230 Million Financing Round Advancing Quantum-Accelerated Supercomputing
QuEra Computing has expanded its Series B funding round with a new investment from NVIDIA’s venture capital arm, NVentures.
Anderon Finalizes $1 Billion CHIPS Act Award
IBM subsidiary Anderon has finalized a $1 billion research-and-development grant from the U.S. Department of Commerce to scale quantum wafer manufacturing.
Rigetti Wins $100M From US Government For Quantum R&D
Rigetti Computing has secured $100 million in funding from the U.S. Department of Commerce via the CHIPS Act to advance superconducting quantum computing.
Quantum Motion Secures Additional Investment to Accelerate Scalable Silicon Quantum Computing
Quantum Motion announced the second close of its Series C funding to accelerate the development of standard silicon CMOS-based quantum computing.