Oxford Ionics Series A is Proof of Progress in Scalability

⚗️ Here's what you need to know

Image credit: Oxford Ionics' founders Dr Tom Harty and Dr Chris Ballance

Hey Everyone,

As we enter 2023 it’s going to be exciting to see what stealth startups come to light with their own seed and Series A funding.

A lot of the top talent continues to work in academics in the UK. Oxford Ionics, a startup solving the critical scalability issues facing the future of quantum computing, has raised £30 million in Series A funding. It game to my notice in this LinkedIn post.

I really like funding announcement because you get an idea of what’s coming down the pipeline. To face the bottleneck of scaling Quantum computers to real-world utility, we need a lot more startups like this one.

The round was led by Oxford Science Enterprises and Braavos Investment Advisers. Lansdowne Partners, Prosus Ventures, 2xN, Torch Partners and Hermann Hauser (founder of chip giant ARM) also participated.

The intersection of Venture Capital and emerging tech is actually fairly interesting.

Trapped Ions to the Rescue?

Founded in 2019, Oxford Ionics takes a unique approach to designing and scaling one of the most promising quantum computing technologies – trapped ions. As multiple technologies vie for position in our race for a quantum future, trapped ions have long proved superior. The highest-performing quantum systems are powered by trapped ions; Oxford Ionics’ technology has been shown to consistently outperform the others. 

According to Dominik Andrzejczuk:

The team at OI have demonstrated the most accurate quantum operation ever performed, longest coherence time for a bare qubit, highest fidelity quantum state preparation and measurement, highest fidelity two-qubit quantum gate in any technology, highest performance of any quantum network and fastest trapped ion two-qubit gates.