As well as the blue-sky R&D departments of Google, IBM and Microsoft, many of the teams focused on achieving it are based in the UK. ISARA IS THE CLEAR LEADER AS THE ONLY COMPANY WITH … Simon King lays out the state of play for quantum computing. Simon King lays out the state of play for quantum computing. Quantum Motion Technologies (QMT), a UK-based quantum computing spin-out of UCL and Oxford University, has raised an £8 million Series A round led by Dutch firm INKEF Capital. There are a lot of teams working on different approaches to quantum computing. He also spent 4 years at Arma Partners, where he advised on several high-profile European technology transactions, including the sales of Momondo, … Quantum Motion raises £8m in oversubscribed series A fundraising Quantum Motion Technologies Ltd (QMT), a UK based quantum computing company founded on world leading silicon spin technology and architectures developed at UCL and Oxford University, today announced it has completed an £8.0m series A round of investment. Despite claims by the tech giants of quantum supremacy (building a machine that outperforms its classical counterpart), right now, there is no clear front-runner and we are still years away from the ‘quantum revolution’. Consumer. Investors will be expected to make a minimum investment of £50,000, … Existing computer chips, for example, can’t handle the ravenous computing demands of AI and machine learning algorithms. Centres of excellence include UCL, Bristol, Edinburgh, Oxford and Cambridge but many Universities in the UK have great research going on and the UK has a good co-ordinated programme. The difficulty with quantum computing is achieving acceptable levels of reliability. Written by Octopus Ventures Read more. Even for a technology that makes a virtue of uncertainty, where quantum goes next is something of a mystery. Even theoreticians, with no vested interests are hedging their bets, so for investors it’s a four horse race. (BusinessCloud) UK-based quantum computing firm Quantum Motion Technologies Ltd (QMT) has raised £8m in an over subscribed Series A round. Octopus Ventures has just launched a fourth pod focussed on consumer-centric businesses. Octopus Ventures | 16,711 followers on LinkedIn | Octopus Ventures helps pioneers change the world. ... led the new funding. The startup will use the funds to continue its work to build a reasonably-sized ‘fault-tolerant’ quantum computer. Google, Microsoft, IBM and other tech giants are also in the race for fault-tolerant quantum computing, but it’s in the universities and research labs that the cutting edge innovations are flourishing, many of them here in the UK. A perfect example is quantum computing - we might not be able to activate the technology tomorrow but Octopus (unlike most funds) can make bets in something that might really benefit from patient capital. About Octopus Ventures Octopus Ventures, part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer. Our investment in Quantum Motion Technologies, Our latest investment is a pioneer in the drone industry, Zoe Chambers lays out her Deep Tech pod’s plan to invest in cutting edge tech companies. Even our largest supercomputers can’t cope with the nature of the problems to be solved at these levels. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing. Consumer: Reinventing the everyday, in how we live, work, travel, play, rest and recuperate. The accelerator seeds around 75 enterprise-monetizing ventures / year. Zoë Chambers, deep tech investor at Octopus Ventures, said: “We’ve been talking about the potential of drones to radically transform all sorts of industries for a long time now, as the number of applications is huge, but for it to be viable, we … And that is an appropriately paradoxical statement, for all things quantum are beyond binary understanding. The round was supported by Octopus Ventures and the National Security Strategic Investment Fund (NSSIF) as well as existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group plc. Quantum Motion Technologies (QMT), is a UK-based quantum computing company founded to commercialise world-leading silicon spin technology and architectures developed at UCL and Oxford University. We are currently in the era of the small, error-prone ‘Noisy Intermediate-Scale Quantum’ (NISQ), but the holy grail is to achieve fault tolerance. Founded in 2017, Quantum Motion is led by founders Prof. Simon Benjamin (Oxford University) and Prof. John Morton (UCL) and commercial director Dr. James Palles- Dimmock. 8. In the Ventures team at Octopus, we think about deep tech as the technology that allows us to transcend the status quo. 11/11/2019 Octopus Ventures, part of Octopus Group and one of the largest venture capitals in Europe, today (Monday 11 November) released a new in-depth study identifying the universities that are leading the way in creating and commercialising their academic research through spinout companies. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing. Octopus Ventures is one of Europe’s largest and most active Venture Capital firms investing in startups in the areas of health, money and deep tech. Backing the innovators who influence the way we live, work, travel, play, rest and recuperate. There are four approaches that are generally regarded as serious contenders: ion traps; superconducting circuits; silicon matter and silicon photonics. The fiction as depicted on TV may be melodramatic, but the reality isn’t that far behind. Quantum Computing won’t supersede classical computing. Our new Consumer pod: a small title for a massive opportunity. So, it’s best to think of quantum computing as representing a fork in the road, running alongside what we already have, rather than the next iteration. Whirli raises £4m Seed funding round led by Octopus Ventures. Our backers include many of the top corporate and VC funds in the Valley -- including Khosla Ventures, DFJ, Cisco, GE, next47(Siemens), and Salesforce, among others. Felicis Ventures, which was founded in 2006, prides itself on being: ... QUANTUM COMPUTING REQUIRES A WHOLESALE, GENERATIONAL RETHINKING OF HOW WE SECURE THE DIGITAL ENVIRONMENT. Spin qubits formed in silicon quantum dot devices are one of the promising candidates for large-scale quantum computing. But, quantum volume will need to double every year before society feels the effects. For years, quantum computing has been the preserve of academics. © 2021 Octopus Ventures. It doesn’t matter how fast current computers get, they will never be able to tackle these kinds of tasks as efficiently as quantum computing will. But it will change everything. Octopus Ventures' Zoe Chambers will join the Altitude Angel board, which is chaired by former Microsoft executive Pieter Knook. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing. Octopus Ventures has just launched a fourth pod focussed on consumer-centric businesses. Fault tolerant quantum processors will be able tackle otherwise intractable problems in chemistry, medicine and artificial intelligence. 2 Mar 2020 Our investment in AudioTelligence “Alexa”…. Quantum computing has arrived, but we still don't really know what to do with it. About Octopus Ventures:. Founded in 2017, the firm is creating technology designed to improve the scalability of qubits, the basic unit of quantum information, with architectures developed at UCL and Oxford University. After scanning the Quantum market, we were impressed by the professor duo as they combine the theoretical research and practical skillset necessary to build a quantum computer using a scalable silicon approach. Octopus Ventures said that universities and investors remain optimistic that success in these areas will continue despite Covid-19, while highlighting the huge economic and societal benefits they offer, both now and in the future. It has backed well-known business including Zoopla , Secret Escapes and Graze . We’re … Octopus Ventures, part of Octopus Group and one of the largest VCs in Europe, today releases a new in-depth study identifying the universities that are leading the way in creating and commercialising their academic research through spinout companies. The spinouts that achieved the highest exit values were in artificial intelligence (AI), quantum computing and life & medical sciences. The company, a UK- based quantum computing company based on a leading silicon spin technology and architectures developed at UCL and Oxford University, indicated the raise will enable the company to develop a fault tolerant quantum processor based on its patented designs, leveraging the advantages of CMOS manufacturing. The pioneers we back dare to reimagine the future of health, the future of money and deep tech. Once QMT achieves this, we believe they will be able to scale quickly because CMOS manufacturing is so widespread and established around the world. Quantum Motion Technologies (QMT), is a UK-based quantum computing company founded to commercialise world-leading silicon spin technology and architectures developed at UCL and Oxford University. UK-based quantum computing firm Quantum Motion Technologies Ltd (QMT) has raised £8m in an over subscribed Series A round. As investors, we’re keen to be as supportive as possible to the individuals and teams who will bring about the next technological revolution. Written by Akriti Dokania Read more. We are excited to be invested in QMT alongside other patient capital funds such as INKEF capital, a Dutch based venture fund and the National Security Strategic Investment Fund (NSSIF) and existing investors of QMT who already share this view. Entrepreneurs thrive on challenge. LONDON, Dec. 26, 2020 /PRNewswire/ — Altitude Angel, the world’s leading UTM (Unified Traffic Management) technology provider, today announced it raised a further £4m ($5.3m US) from one of Europe’s largest VC investors, Octopus Ventures. Start-ups developing artificial intelligence, quantum computing and life and medical sciences achieved the highest sale prices, according to Octopus Ventures, a venture capital firm. The latest fundraising concludes Altitude Angel’s series A round, led by Octopus Ventures and existing investor Seraphim Capital. The cutting edge of quantum development remains very thin and it’s a close-knit community. 8 millions de $ de financement pour une puce CMOS quantum computing. It is different in a fundamental way. LONDON, Dec. 26, 2020 /PRNewswire/ — Altitude Angel, the world’s leading UTM (Unified Traffic Management) technology provider, today announced it raised a further £4m ($5.3m US) from one of Europe’s largest VC investors, Octopus Ventures. So why are we, as investors, excited by the myriad of startups, many grown in the UK, racing to attain the holy grail: a general-purpose quantum computer? The investment is being used to facilitate development of the company’s quantum computing architecture and takes their total fundraisings to £10m. Octopus Ventures was launched by Octopus Group, an investment company, to back pioneering entrepreneurs, providing additional growth capital that will allow them to reach new heights. About Octopus Ventures Octopus Ventures helps pioneers change the world. Quantum Motion Technologies Ltd, a UK based quantum computing company founded on world leading silicon spin technology and architectures developed at UCL and Oxford University, today announced it has completed an £8 million series A round of investment. Quantum computing will have a transformative impact. About Octopus Ventures Octopus Ventures, part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer. Growing into the new reality: introducing our expanded team. Ever since Richard Feynman proposed quantum computing in the 1980s, physicists and computer scientists have been intrigued by the concept of a quantum computer.In theory, replacing the zeros and ones of conventional computer bits with the ups and downs or the clockwise and counterclockwise spins of subatomic particles can yield up to a cube root increase in computing … The company is led by founders Prof. Simon Benjamin (Oxford University), Prof. John Morton (UCL) and Commercial Director Dr. James Palles-Dimmock. 29 Apr 2020 Entrepreneurs meet the crisis with kindness, imagination and generosity. The reward for everyone if QMT are successful will be world-changing. The ultimate goal is ‘Fault-Tolerant Quantum Computing’, which means a permanently stable quantum computer. Quantum computers, once fully scaled, could lead to breakthroughs on many fronts — medicine, finance, architecture, logistics. But do not think that a quantum computer is just a more powerful version of the one you’re looking at right now. 4 days ago. Octopus Ventures, part of Octopus Group and one of the largest venture capitals in Europe, today ... We see this particularly in the field of deep tech, operating in areas such quantum computing and robotics, where the path to successful commercialisation can be much longer. Why did we Quantum Motion Technologies as their first investment in the quantum computing field? Quantum Motion Technologies (QMT) in Leeds, UK, uses spin electronics architectures developed at UCL in London and Oxford University. Octopus Ventures leads Series A funding for Cambridge-founded legal tech company; Company growth accelerates during pandemic as leading corporates choose ThoughtRiver to help drive deal velocity ; London, UK. Felicis Ventures. The pioneers we back dare to reimagine the future of health, money and deep tech. Deep tech Focusing on the tools and technologies that will power the next industrial revolution. Deep tech. Consumer: Reinventing the everyday, in how we live, work, travel, play, rest and recuperate. Deep tech: unblocking the paths to progress. We believe the team, their ambition and their progress to date are the combination on which the quantum revolution will be built. Deep tech describes the radical new solutions that break open these bottle necks. The team has a very clear path for the future, with many key markers already passed on the road to attaining The Milestone – a fault tolerant quantum computer. A sharing economy for children’s toys, Whirli helps UK families get better value for money, reduce clutter at home, and reduce landfill waste. Octopus Ventures’ Zoë Chambers will join the Altitude Angel board, which is chaired by former Microsoft executive Pieter Knook. Octopus Ventures Invests in Altitude Angel added by S. Jack Heffernan Ph.D on December 27, 2020 September 8th 2020: ThoughtRiver, the market leader in automated contract review and pre-screening, has today announced $10M (£7.5M) in Series A funding. (Basically, if you find quantum confusing, don’t worry, you’re getting it). We have backed the founding teams of more than 100 companies including Zoopla, Secret Escapes, graze.com, tails.com, Swiftkey, Elvie, Depop, Sofar Sounds, Big Health, Bought By Many, … We have been fortunate enough to work with the founding teams of over 60 companies, including Conversocial, graze.com, LoveFiLM, Property Partner, Secret Escapes, Sofar Sounds, SwiftKey, Swoon Editions, Uniplaces, tails.com, Zoopla Property … Octopus Ventures and the National Security Strategic Investment Fund also joined, along with existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group. 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