Oxford Quantum Circuits has closed a £260 million Series C round, worth roughly $350 million, led by Bullhound Capital. The British Business Bank committed £100 million, its largest investment in a single company, while Oxford Science Enterprises and Chevron Technology Ventures also participated. The round values the University of Oxford spin-off at around $1 billion. Founded in 2017, OQC develops superconducting quantum computers based on its patented Coaxmon 3D architecture and sells access to their computing power through a subscription model. The funds will support the company’s international expansion, the development of next-generation hardware and the construction of quantum infrastructure in key markets.
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