Quantum Motion Raises 42 Million in an Investment Round Led by Bosch

Quantum Motion, a UK-based quantum computing scale-up, has raised over £42 million in equity funding from some of the world’s leading quantum and technology investors. The oversubscribed round is led by Bosch Ventures joined by Porsche Automobil Holding SE and British Patient Capital.

All existing investors from earlier rounds (Oxford Science Enterprises, Inkef, Parkwalk Advisors, Octopus Ventures, IP Group, and NSSIF) are again participating. This is one of the most significant raises in UK quantum computing and allows Quantum Motion to accelerate its development of silicon quantum processors by developing deeper ties with its manufacturing partners and trebling the size of its central London headquarters.

Quantum Motion’s vision is to develop scalable quantum computers by harnessing highly advanced silicon transistor manufacturing processes. Over the last two years, the company has made a series of peer-reviewed and record-breaking achievements that underline how silicon could be the fastest, most cost-effective, and scalable way of producing the millions of qubits that are needed to create fully functional, fault-tolerant quantum computers.

Quantum Motion’s latest funding round brings the total raised to more than £62 million. The company has previously raised over £20m in equity and grant funding from the UK and EU and existing investors which have supported the company through its early-stage work and growth, enabling it to hit a sequence of milestones that demonstrate a clear path towards building quantum computers.

It has designed and validated integrated circuits capable of generating, routing, and processing signals at deep cryogenic temperatures, operating down to a few tenths of a degree above absolute zero. Recent demonstrations such as the mass characterization of thousands of multiplexed quantum dots fabricated in a tier-one foundry have further underlined the company’s advantage.

“The support of leading technology investors enables us to realize our vision of a quantum computer built using standard foundry processes. This support, along with the continuing UK national quantum program and European initiatives, provides a step-change in our capabilities. We have assembled a world-leading team and with the funding and support in place, we are ready to scale and deliver on our vision,“ said James Palles-Dimmock, CEO of Quantum Motion.