QuantrolOx, an Oxford, UK-based building automated, machine-learning-based control software for quantum technologies to tune, stabilize, and optimize qubits, the fundamental building blocks of quantum computers, raised £1.4 million in seed funding to scale quantum computing.
The round was led by Nielsen Ventures and Hoxton Ventures. Voima Ventures, Remus Capital, Dr. Hermann Hauser, and Laurent Caraffa also invested in the round.
Company: QuantrolOx Ltd.
Raised: £1.4
Round: Seed Round
Funding Month: February 2022
Lead Investors: Nielsen Ventures and Hoxton Ventures
Additional Investors: Voima Ventures, Remus Capital, Dr. Hermann Hauser and Laurent Caraffa
Company Website: https://quantrolox.com/
Software Category: Machine Learning for Quantum Control
About the Company: QuantrolOx was founded in 2021 by deep-tech entrepreneurs and quantum researchers Prof Andrew Briggs, Vishal Chatrath, Prof Natalia Ares, and Dominic Lennon. QuantrolOx is building automated machine learning-based control software for quantum technologies to tune, stabilize, and optimize qubits. Quantum computers need many thousands of qubits, but due to uncertainties in control instruments, fabrication and design, qubits have subtle variations requiring different sets of control parameters to render each one usable. QuantrolOx’s software is technology agnostic and applicable to all types of quantum technologies. However, the company is initially targeting solid-state qubits where the team has already demonstrated substantial practical benefits.
Source: https://quantrolox.com/quantrolox-raise-funding/