Universal Quantum Raises More Than $100 Million Series A To Scale Quantum Computing Technology

Universal Quantum, a University of Sussex spin-out developing large-scale quantum computers, raised more than $100 million in Series A funding.

The round represents the company’s first significant institutional financing and, according to the University of Sussex, is the largest Series A raised by a UK quantum company, the largest investment secured by a University of Sussex spin-out, and one of the largest financings raised by any UK university spin-out.

The financing was co-led by Firgun Ventures and DCVC.

Additional investors included EDBI, Invus, Integral GlobalTech, Main Sequence, Hostplus, NGS Super, IAG Capital, EdenBase, Full Disclosure, Dave Baszucki, Nauta Capital, The Venture Collective, and other existing and new strategic investors.

Universal Quantum plans to use the capital to accelerate its global expansion and advance development and commercialization of its modular quantum computing technology.

The company is focused on building larger-scale, more powerful, error-correcting quantum computers designed to tackle problems beyond the capabilities of current computing systems.

Potential applications include drug discovery, advanced materials development, and more efficient energy systems.