What it sells
Quantum computing company spun out of the University of Sussex
Business model breakdown
Buyer: who owns the budget?
UnverifiedGovernments, national labs and enterprises acquiring or partnering on utility-scale quantum systems (inferred; none named).
Trigger: what makes them buy now?
Demand for quantum machines that scale to a million high-quality qubits.
Workflow: what inputs become what output?
Trapped-ion qubits on chip with integrated classical control form an iQPU; modules are linked with UQConnect and driven by UQLogic microwave gates to scale toward million-qubit systems.
Economics: what it saves and how it charges
Hardware development funded by investors (over $100m Series A announced on site) and government contracts.
Distribution: how it reaches customers
Builds in partnership with leading organisations and investors in the field; no public sales channel described.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-10-14 | — | $100M+ | — | news.google.com |
| 2026-10-08 | Series A | $100M+ | — | news.google.com |
| 2026-10-08 | Series A | $100M | — | tech.eu |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.