Universal Quantum secures UK’s largest quantum Series A with €89 million to scale modular quantum computers
Brighton-based Universal Quantum, a company building large-scale quantum computing systems for real-world use, today announced it has secured over €89 million ($100 million) in Series A funding – reprotedly marking the largest Series A ever raised by a quantum firm in the UK. The funding will accelerate the company’s global expansion, as well as the […] The post Universal Quantum secures UK’s…
Brighton-based Universal Quantum has secured over €89 million ($100 million) in Series A funding to scale its modular quantum computers and expand globally. This represents the largest Series A round for a quantum firm in the UK. The co-led investment round, including DCVC and Firgun Ventures, demonstrates strong confidence in Universal Quantum's modular trapped-ion approach to fault-tolerant quantum computing.
Founded in 2018 by Professor Sebastian Weidt and Professor Winfried Hensinger, the company has grown to employ over 100 experts across three continents, with a focus on developing large-scale quantum computers to tackle global challenges. The new capital will support Universal Quantum's expansion in Singapore, the United States, Japan, and its existing German hub, as well as continued development of its chiplet arrays and control systems.
The quantum technology market is expected to reach €53-89 billion ($60-100 billion) annually by 2035, with major sectors such as pharmaceuticals, finance, and automotive benefiting from this growth.
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