Parkwalk is a London-based fund management firm.  Parkwalk invests in UK technology companies that have IP backing and freedom to operate, generally spun out of UK universities. Their funds seek to generate capital gains for their investors, enhanced by the attractive tax relief provided by EIS. Parkwalk entered this investment sector in 2009, anticipating a wave of tax-efficient incentives launched by the UK Government to stimulate innovative emerging technology companies and thereby help drive economic growth. Parkwalk utilises academic, technology transfer, venture capital and personal networks developed over many years to gain access to the highest calibre deal-flow.                                                                                                                 In 2017 Parkwalk joined forces with IP Group plc, a leading intellectual property commercialisation company that is listed on the Main Market of the London Stock Exchange under the ticker symbol IPO. As at March 2019 the combined group has net assets of £1.2bn.

Parkwalk Advisors

Oxford Science Enterprises is the university-partnered venture firm. We work with the University of Oxford to build companies that create fundamental technologies: science-based businesses capable of tackling the planet’s toughest problems. We invest in life science, AI and software, healthcare, and deep tech to create companies taking on challenges like nuclear fusion, quantum computing and developing treatments and cures for infectious diseases. Founded in 2015, we’ve raised over £600M to create a world-class technology ecosystem, and combine our deep experience with a network of investors, entrepreneurs and sector-experts to find co-investment, build businesses, and hire senior management talent.

Oxford Science Enterprises

Lansdowne Partners is an alternative investment management firm that focused on equity portfolios. Founded in 1998, the company manages assets for a diversified institutional client base that includes some of the world’s largest and most sophisticated investors. Lansdowne Partners was founded in 1998 and is based in London, England.

Lansdowne Partners

UTEC - The University of Tokyo Edge Capital Partners, is a Japan-based seed/early stage deep-tech venture capital firm associated with academic institutes such as The University of Tokyo. UTEC has over $500M Assets Under Management, and has invested in 100+ companies in Japan, USA, Singapore, India and Europe with a track record of 13 IPOs and 12 successful M&A (as of Mar 2021). UTEC predominantly invests in three deep-tech sectors: a) Healthcare & Life Sciences, b) IT/AI, and c) Physical Sciences & Engineering.

UTEC - The University of Tokyo Edge Capital Partners

xford Investment Consultants LLP (''OIC'') advises Thompson Taraz, the Investment Manager of Oxford Technology and Innovations EIS Fund (''OTIF''). OIC is an Appointed Representative of Stoneware Captial LLP, which is authorized and regulated by the Financial Conduct Authority in the United Kingdom.  The focus of OIC research is on University of Oxford spin out companies.  Over the last fifteen years Oxford has produced a string of world-class spin-out companies. It is our belief that the next generation of world-class Oxford businesses is just waiting to be discovered.

Oxford Investment Consultants LLP

British Patient Capital invests in a diversified portfolio of best-in-class venture and growth capital funds and start ups, capturing value through financing the growth of innovative companies. We invest on a commercial basis to deliver competitive returns and manage risk. As well as providing our own funding we work to encourage more investors to make allocations to this asset class by demonstrating that a long-term patient capital investment strategy can produce commercially attractive returns. Once we’ve established a strong record, and have proved the value of the asset class, we intend to privatise British Patient Capital at an appropriate time in the future.

British Patient Capital

SBI Investment supports the business development and growth of private venture companies through fund investment. It manages and manages venture capital funds under the management philosophy of becoming a leading company responsible for the creation and development of core industries in the 21st century as a ''new industry creator''. SBI Investment has invested in a total of 986 companies in the past, of which 169 (17.1% of investment companies) have exited through IPO or M & A.

SBI Investment

Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron.  Chevron Technology Ventures (CTV) helps Chevron embrace emerging technologies to create new commercial opportunities, reduce costs and improve performance.  CTV serves as one of the company's most important technology ''scouts,'' always searching for emerging technologies that could enhance Chevron's strategies. CTV identifies, acquires, tests, validates, and, if appropriate, helps integrate those technologies into the company's core businesses. Alternatively, technologies may be studied then ''shelved'' for future consideration.

Chevron Technology Ventures

IP Group's core business is the creation of value for its shareholders and partners through the commercialisation of intellectual property originating from research intensive institutions. Their strength lies in managing this process from finding suitable intellectual property to commercialise to either helping develop businesses and create value out of them, or identifying and establishing appropriate commercial partnerships to do so. IP Group's extensive expertise in this area combined with its inside knowledge of both industry and finance have enabled the group to create a formidable track record of consistently delivering excellent results for their companies, for their partners and for their shareholders.

IP Group

Oxford Quantum Circuits

Oxford Quantum Circuits developing technology using the power of quantum to do things that have never been achieved before, from enabling life-changing drug discoveries to developing new battery technologies. OQC's quantum computer is a fully functional unit that includes the control system, hardware, and software. Customers can use OQC's quantum computers to streamline their businesses, pioneer new approaches, and help solve some of humanity's most pressing issues, such as slowing climate change and feeding a rapidly growing population.

UK-based Oxford Quantum Circuits (OQC), spun out of the University of Oxford, uses superconducting technology to develop quantum computers. The company’s proprietary quantum bit “Coaxman” uses a 3D architecture that simplifies fabrication, improves coherence, and boosts scalability.

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

Oxford Quantum Circuits (OQC) on LinkedIn: #95, Simon Phillips, CTO at OQC: The Future of Quantum Computing |…

Q-CTRL

Software startup Q-CTRL and hardware startup Oxford Quantum Circuits (OQC) partnered to improve the algorithmic performance of quantum computers to assist quantum developers, researchers, and end-users in solving complex problems.

Developers of quantum algorithms and software programs for specific industries such as pharmaceuticals or finance.

UK-based Oxford Quantum Circuits (OQC), spun out of the University of Oxford, uses superconducting technology to develop quantum computers. The company’s proprietary quantum bit “Coaxman” uses a 3D architecture that simplifies fabrication, improves coherence, and boosts scalability.OQC claims to be the “first in the UK” on several fronts including 1) building UK’s first and only commercial quantum computer in 2018, 2) building the UK's first and only commercially available quantum laboratory in 2020, 3) releasing the UK's first commercially available quantum-computer-as-a-service platform (QCaaS) in July 2021. It is also reportedly the first European quantum company to offer its systems on Amazon Braket, following the launch of its latest system Lucy in February 2022. The QCaaS platform was developed solely using its proprietary technologies and will be available to enterprises via OQC’s private cloud.Key customers and partnershipsOQC has formed partnerships with universities and other quantum computing companies such as Riverlane and Cambridge Quantum Computing (CQC). The company is also part of the consortium founded by Riverlane for the purpose of building a quantum operating system, which was awarded a GBP 7.6 million (USD 10.5 million) grant from the UK Government as part of its “Industrial Challenge Strategy” fund. CQC will be the first user of the QCaaS platform to demonstrate its IronBridge cybersecurity platform and will be given access to OQC’s 4-qubit quantum computer “Sophia.”In December 2023, the company partnered with <a href="https://sp-edge.com/updates?companyIds=518081">Classiq </a>to simplify the adoption and execution of advanced quantum computing across industries and research fields. In July 2023, <a href="https://sp-edge.com/updates/20306">Q-CTRL </a>and OQC partnered to improve algorithmic performance of quantum computers to assist quantum developers, researchers, and end users in solving complex problems.Funding and financialsIn November 2023, OQC raised USD 100 million in a <a href="https://sp-edge.com/updates/24398">Series B </a>funding round led by Japan's SBI Investment. The funds were allocated toward the company’s R&amp;D activities to achieve quantum advantage and deliver next-level quantum computing platforms with hundreds of qubits to global companies.

The UK-based Quantum Motion Technologies is engaged in developing quantum computer architectures based on silicon technology, which are compatible with standard silicon processing (CMOS process). The company believes this approach will enable it to create scalable quantum computers with thousands to millions of qubits. The company is working on a technology platform that is not just a qubit, but a scalable array of qubits based on the ubiquitous silicon technology already used in smartphones and computers.Quantum Motion’s goal is to fast-track the development of true fault-tolerant quantum computers and reach a million qubits and beyond by leveraging existing knowledge in device fabrication within the trillion-dollar silicon industry.Key customers and partnershipsIn February 2024, Quantum Motion entered into a project with the <a href="https://sp-edge.com/updates/26533">National Quantum Computing Centre (NQCC) </a>to build the UK’s first silicon-based quantum processor test bed in its Oxfordshire site. In November 2023, Quantum Motion partnered with the University of Pennsylvania to further develop its silicon quantum computer chip technology.Funding and financialsThe company raised GBP 42 million (USD 50.5 million) in a <a href="https://sp-edge.com/updates/16504">Series B </a>funding round in February 2023 led by Bosch Ventures (RBVC). The proceeds were allocated for the development of the company’s quantum processors based on silicon technology.

Quantum Motion Technologies

SeeQC is a quantum hardware startup spun out from Hypres, a leading developer of superconductor integrated circuits. SeeQC was developing a digital system-on-a-chip design that integrates classical and quantum circuits into a hybrid system in order to overcome quantum computers’ current challenges. This also reduces noise and interference, maintaining high-fidelity quantum operations at scale. The company owns and operates superconducting flux quantum (SFQ) processors, a chip fabrication facility that enables the creation of multi-chip quantum computing systems and provides foundry services for superconducting devices. It also has facilities in London, UK, and Naples, Italy.Through the hybrid approach, SeeQC believes it can reduce the cost of quantum computers by 1/400th, provide greater control, and reduce energy requirements significantly.Key customers and partnershipsIn September 2023, the company entered into a collaboration with NVIDIA to develop the first all-digital chip-to-chip link between quantum computers and graphics processing units (GPU). SeeQC has also partnered with multinational chemical company <a href="https://sp-edge.com/updates/16298">BASF </a>in February 2023 to explore quantum computing in simulating chemical reactions.&nbsp;&nbsp;

SeeQC

IonQ develops general-purpose quantum computers using trapped-ion technology. Although the company calls itself a full-stack player, its focus has been on developing hardware. In December 2020, it revealed its quantum roadmap that introduced its new metric, “algorithmic qubits (AQ),” which represents the largest number of qubits that can be deployed while maintaining high performance and considering error correction. Its latest system IonQ Aria achieved 20 AQ, as of May 2023. In terms of physical qubits, IonQ’s latest hardware had 32 qubits, which were expected to hold 22 AQs. In <a href="https://sp-edge.com/updates/23125">October 2023 </a>, the company achieved 29 algorithmic qubits (AQ) using barium qubits for the first time.Founded in 2015, IonQ’s main competitive advantage stems from its approach to designing qubits that allow computers to be operated at room temperature with lower error rates.&nbsp;IonQ unveiled the industry’s first glass-based trapped ion computing chip called the Reconfigurable Multicore Quantum Architecture (RMQA) technology, in August 2021, which the company believes will significantly expand the longevity of qubits and enable at least triple-digit scalability.&nbsp;In <a href="https://sp-edge.com/updates/31824">July 2024 </a>, the company unveiled an accelerated roadmap with expanded 2025 technical milestones, focused on improving native two-qubit gate performance to over 99.9% (three 9s) in 2025, with further gains expected in 2026 from the transition to barium qubits.Key customers and partnershipsIonQ has entered several strategic partnership including with <a href="https://sp-edge.com/updates/25925">Rescale </a>(January 2024) to combine their cloud computing and quantum computing capabilities; <a href="https://sp-edge.com/updates/22265">Air Force Research Lab </a>(September 2023) to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development in a deal valued at USD 25.5 million; <a href="https://sp-edge.com/updates/21158">BearingPoint </a>(August 2023) to offer its quantum systems and related professional services to the European market; SoftBank Investment Advisers (June 2021) to provide support in deploying the company’s quantum systems globally; and Accenture (September 2021) to accelerate the industrial application of IonQ’s quantum systems.The company offers access to its quantum computer via all major quantum cloud computing platforms including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud Marketplace (GCM). It is also integrated with major software development kits (SDK) including IBM Qiskit and Google Cirq. In May 2023, IonQ began offering its IonQ Aria system on Amazon Braket.

IonQ

<div>
 
 Rigetti is an end-to-end provider of general-purpose quantum computers. The company&rsquo;s approach to developing computers is based on superconducting qubit technology, similar to Google and IBM. Since 2017, the company has operated a cloud-based quantum platform that allows developers to either create applications or use Rigetti&rsquo;s virtual machine.&nbsp;
 
 
 Rigetti is well-positioned to compete with incumbents as well as startups because of its advancements in hardware, which is currently used by 14 other companies (mostly other quantum software startups). Rigetti introduced the world&rsquo;s first multi-chip quantum processor, in June 2021, that physically connects multiple chips with their own qubits in a single functional processor, which is expected to improve scalability. It also launched its first commercially available 80-qubit quantum system in February 2022, which exceeds the qubit count of any other startup, but is lower than that of IBM.&nbsp;
 
 
 In June 2022, the company expanded its geographical presence with the launch of its 32-qubit, cloud-based 
 <a href="https://sp-edge.com/updates/11308">
 Aspen system in the UK
 </a>
 market. It also strengthened its position in the software segment via the acquisition of QxBranch (a Washington-based quantum computing software company) in 2019. In December 2023, the company launched its first 
 <a href="https://sp-edge.com/updates/24731">
 Quantum Processing Unit (QPU)
 </a>
 , Novera, which is based on its fourth-gen Ankaa-class architecture. The price of the QPU starts from USD 900,000.
 
 
 Key customers and partnerships
 
 
 In July 2021, the company partnered with Astex Pharmaceuticals to apply quantum technology to drug discovery. This partnership was a stepping stone for Rigetti to commercially apply quantum computing to the pharmaceutical industry. Additionally, as part of an InnovateUK grant, the company partnered with 
 <a href="https://sp-edge.com/updates/11334">
 Riverlane
 </a>
 in June 2022 to explore and develop error correction solutions. In October 2023, the company was awarded with a Defense Advanced Research Projects Agency 
 <a href="https://sp-edge.com/updates/22419">
 (DARPA) 
 </a>
 contract as part of the Imagining Practical Applications for a Quantum Tomorrow (IMPAQT) program to advance quantum algorithms for solving combinatorial optimization problems. In January 2024, the company collaborated with 
 <a href="https://sp-edge.com/updates/25242">
 Moody&rsquo;s Analytics
 </a>
 to enhance machine-learning methods for the financial sector using quantum computing abilities. In February 2024, Rigetti Computing and Riverlane joined a project led by the 
 <a href="https://sp-edge.com/updates/27062">
 Oak Ridge National Laboratory (ORNL)
 </a>
 , a part of the US Department of Energy (DOE), to explore the possibility of integrating a quantum computer and high-performance computing (HPC) systems.
 
 
 Funding and financials
 
 
 Rigetti 
 <a href="https://sp-edge.com/updates/8880">
 went public
 </a>
 on Nasdaq under the ticker &ldquo;RGTI,&rdquo; in March 2022 via a special purpose acquisition company (SPAC) merger. The IPO raised USD 261.8 million and made Rigetti the second publicly traded pure-play quantum computing company, following IonQ. 
 
</div>

Rigetti Computing

PsiQuantum develops general-purpose quantum computers based on the silicon photonic approach, a relatively new method that is capable of using the existing silicon supply chain of conventional electronics. This will help the company keep production costs low and provide scalability. Its semiconductor roadmap involves interconnecting multiple quantum processor chips with optical fibers and high-performance optical switches to enable teleportation and entanglement of single-photon operations between chips.PsiQuantum's technology uses individual photons, particles of light, as qubits. This approach offers several advantages, including the ability to operate at higher temperatures compared to other qubit technologies, compatibility with fiber-optic networks, and resistance to electromagnetic interference. Additionally, photons can maintain quantum states for relatively long periods, allowing more quantum operations and increased computational power.The company aims to build a fault-tolerant quantum computer with one million physical qubits by the end of 2027, enabling error correction and addressing complex problems across various industries.In <a href="https://www.psiquantum.com/news-import/psiquantum-opens-uk-based-research-facility-to-develop-next-generation-high-power-cryogenic-systems-for-large-scale-quantum-computing">March 2023</a>, PsiQuantum opened an advanced R&amp;D facility at the Daresbury Laboratory in the UK, backed by GBP 9 million from the UK Government's Department for Science, Innovation, and Technology. This facility provides access to one of Europe's largest liquid-helium cryogenic plants, essential for testing PsiQuantum's approach to storing quantum chips at extremely low temperatures.Key customers and partnershipsWorking toward its goal, in May 2021, PsiQuantum entered a partnership with global chip manufacturer <a href="https://sp-edge.com/updates/2245">GlobalFoundries</a> (GF) to build an integrated, silicon photonics-based quantum system called the “Q1 system” by manufacturing quantum chips in GF’s semiconductor foundry. This partnership also received US federal funding of <a href="https://www.schumer.senate.gov/newsroom/press-releases/schumer-announces-25-million-for-globalfoundries-and-psiquantum-to-develop-the-next-generation-of-quantum-computers-at-rome-air-force-research-lab-and-malta-campus-fed-funding-will-strengthen-national-security-supercharge-us-technological-competitiveness_ensure-upstate-new-york-continues-to-lead-quantum-technology">USD 25 million</a> in April 2022.&nbsp;In <a href="https://sp-edge.com/updates/13868">October 2022</a>, the company secured a USD 22.5 million contract from the US Air Force Research Lab (AFRL) to co-design advanced quantum photonic chips that will be manufactured by GF. The company partnered with Japanese quantum software company <a href="https://sp-edge.com/updates/7246">QunaSys</a> in December 2021 to research quantum-based industrial chemistry and material science solutions and partnered with the UK-based Science and Technology Facilities Council (STFC) <a href="https://sp-edge.com/updates/22518">Hartree Centre</a> in October 2023 to develop Fault-Tolerant Quantum Computing (FTQC) applications in the UK. In January 2024, PsiQuantum and <a href="https://sp-edge.com/updates/25972">Mitsubishi UFJ </a>Financial Group (MUFG) entered PsiQuantum's Qlimate initiative project with Mitsubishi Chemical to research energy-efficient materials to promote a low-carbon economy.In May 2023, PsiQuantum received a USD 25 million grant from the US Department of Defense, through the Air Force Research Laboratory, for tooling and further development of its photonic quantum computer.Funding and financialsIn <a href="https://sp-edge.com/updates/29499">April 2024</a>, the company secured AUD 940 million (USD 620 million) from the Australian Commonwealth and Queensland Governments to establish the first utility-scale, fault-tolerant quantum computer in Australia. Notably, PsiQuantum is one of the highest privately funded startup in the industry.

PsiQuantum

Hardware manufacturers for quantum computers or quantum-adjacent products.

Full-stack companies offering hardware and software quantum computing solutions.


Companies developing quantum computing hardware using either gate-based or annealing technology.

Developers of quantum system software such as firmware, operating systems, compilers, qubit control software, etc.

Companies offering access to quantum hardware through either their own hardware or through a third party via the cloud.

Startups in this space offer solutions for building enterprise-specific applications and automations

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
The Australian quantum software startup Q-CTRL has collaborated with four leading quantum computing platforms to incorporate its Fire Opal performance management software. As a result of this integration, Q-CTRL's Fire Opal will be naturally available on IBM Quantum services, Rigetti Quantum Cloud Services, Oxford Quantum Circuits Cloud QCaaS devices, and Diraq's silicon quantum processors.
The aim of this collaboration is to enhance quantum computing performance. This will be achieved by reducing errors and making hardware operation simpler, which could potentially facilitate the execution of more intricate quantum algorithms and applications.

</div> Analyst QuickTake: 
 The partnerships, built on long-term relationships and demonstrations of Fire Opal's capabilities, have shown significant improvements in quantum computing performance. For example, Mitsubishi Chemical Corporation reported a 5x increase in achievable circuit width for Quantum Phase Estimation studies using Fire Opal on IBM Quantum systems. Additionally, in <a href="https: 
//sp-edge.com/updates/30164"> June 2024 </a> , Q-CTRL demonstrated a significant 4x increase in the capacity of IBM's utility-scale quantum computers to solve optimization problems accurately.

Oxford Quantum Circuits

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