Quantum Motion Technologies

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Quantum Computing?
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Seed
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Hardware: Components and Enablers
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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 partnerships

In February 2024, Quantum Motion entered into a project with the National Quantum Computing Centre (NQCC) 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 financials

The company raised GBP 42 million (USD 50.5 million) in a Series B 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.

HQ location:
London London GBR
Founded year:
2017
Employees:
11-50
IPO status:
Private
Total funding:
USD 60.6 mn
Last Funding:
USD 50.9 mn (Series B; Feb 2023)
Last valuation:
-
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