Oxford University physics spinout Oxford Quantum Circuits (OQC) not too long ago announced the launch of Toshiko, a 32-qubit quantum computing providers platform, alongside a $100-million Series B funding round led by Japan’s SBI Group’s funding arm.
The firm claims that Toshiko is the “world’s first enterprise ready quantum computing platform.”
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— OQC (@OxfordQCircuits) November 27, 2023
OQC is working in partnership with Equinix, Nvidia, Amazon Web Service and McKinsey to “bring quantum out of the lab” and pave the way in which for “quantum advantage.”
Quantum benefit is some extent of technological refinement at which a quantum pc is able to fixing an issue that no conventional binary pc might clear up inside a possible period of time.
There have been quite a few claims of quantum benefit prior to now decade, most notably by each Google and IBM, however, as of now, there is no such thing as a industry-wide consensus.
While most quantum computing methods are nonetheless thought of experimental, the onset of hybrid and cloud-based classical/quantum methods and the arrival of the {industry}’s first on-site industrial quantum platforms have led the sector to concentrate on enterprise options.
Tim Costa, director of HPC and quantum at Nvidia, mentioned in a press launch:
“Addressing the grand challenges of tomorrow requires the seamless integration of quantum with the GPU-accelerated supercomputing of today. By combining OQC Toshiko with the NVIDIA GH200 Grace Hopper Superchip through NVIDIA CUDA Quantum, a platform for integrated quantum-classical computing, OQC can better empower businesses and researchers to make breakthroughs across industries and in critical scientific domains.”
OQC can also be saying the launch of a $100-million Series B round. The fund elevate might be led by Japan’s SBI Investments and might be joined by Oxford Science Enterprises (OSE), University of Tokyo Edge Capital Partners (UTEC), Lansdowne Partners, and OTIF.
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The firm beforehand raised roughly $43 million in Series A funding. According to OQC, each its Series A and Series B funding rounds represented the most important respective quantum computing startup funding rounds in United Kingdom historical past.
