University of Sussex spinout Universal Quantum raises “record” $100M Series A

A UK university spinout building large scale quantum computing systems for real-world use has raised $100m in funding, which it says it the largest Series A raised by a UK-headquartered quantum firm. Founded in 2018 as a University of Sussex spinout, Universal Quantum’s point of difference to some of its peers is its commitment to scale. While many quantum startups chase near-term breakthroughs or develop quantum software that runs on someone else’s hardware, Universal Quantum is tackling a key