QUANTROLOX SPINOFF OF OXFORD RAISES £ 1.4M IN FUNDING TO ACCELERATE DEVELOPMENT OF SCALABLE QUANTUM COMPUTING
F.24 eb 2022 / 6:00 (CET)
Oxford, United Kingdom. QuantrolOx announces that it has raised £ 1.4 million in initial funding to scale quantum computing, led by Nielsen Ventures and Hoxton Ventures. Voima Ventures, Remus Capital, Dr. Hermann Hauser and Laurent Caraffa also invested in the round. QuantrolOx is building machine learning-based automated control software for quantum technologies to fine-tune, stabilize and optimize qubits, the building blocks of quantum computers.
“In the world of quantum technologies, where data acquisition is expensive and the parameter space is large, it is a huge challenge to develop software to characterize and control qubits on a large scale,” said QuantrolOx co-founder and CEO. , Vishal Chatrath. “QuantrolOx software addresses this challenge and will be a key component in accelerating the development and control of quantum technologies.”
QuantrolOx is creating automated control software based on machine learning for quantum technologies to optimize, stabilize and optimize qubits. Quantum computers need many thousands of qubits, but due to uncertainties in control tools, fabrication and design, qubits have subtle variations that require different sets of control parameters to make them usable. An intricate process is required to achieve a practically useful quantum computer. As the number of qubits increases, the more difficult and significant are the challenges of transforming and characterizing them.
QuantrolOx software is technology independent and applicable to all kinds of quantum technologies. However, the company initially targets solid-state qubits where the team has already demonstrated substantial practical benefits.
QuantrolOx was founded in 2021 by deep-tech entrepreneurs and quantum researchers Prof Andrew Briggs, Vishal Chatrath, Prof Natalia AresAnd Domenico Lennon.
“I am thrilled to support a world-class team and technology that has the potential to establish itself as a class leader in the rapidly growing new quantum ecosystem.” explains Niels NielsenNielsen Ventures, who is also an investor in Cambridge Quantum.
“Successfully tuning, tuning and stabilizing many thousands of qubits, regardless of their variability, requires intelligent automation,” he says. Carlo Seely, partner, Hoxton Ventures. “Current solutions that depend on human experience are not good enough and will not be scalable.”
“From the very first meeting I knew that the team is top notch and has created a unique approach that can significantly accelerate the development of quantum computing,” he says. Jussi Sainiemi, Partner of Voima Ventures. “You rarely see so much knowledge of the subject and a high level of experience in a startup at this stage”
QuantrolOx secures £ 1.4m seed investment led by Nielsen Ventures – UK technology investment news
Source link QuantrolOx secures £ 1.4m seed investment led by Nielsen Ventures – UK technology investment news