The latest fundraising concludes Altitude Angel’s series A round, led by Octopus Ventures and existing investor Seraphim Capital. The investment is being used to facilitate development of the company’s quantum computing architecture and takes their total fundraisings to £10m. 6 May 2020 By Octopus Ventures. Consumer. As well as the blue-sky R&D departments of Google, IBM and Microsoft, many of the teams focused on achieving it are based in the UK. The latest fundraising concludes Altitude Angel’s series A round, led by Octopus Ventures and existing investor Seraphim Capital. Octopus Ventures and the National Security Strategic Investment Fund also joined, along with existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group. 2 Mar 2020 Our investment in AudioTelligence “Alexa”…. A UK startup has raised $8m from European investors to develop a scalable CMOS processor for a fault tolerant quantum computing system. Written by Akriti Dokania Read more. The pioneers we back dare to reimagine the future of health, money and deep tech. 18 mai 2020 // Par A Delapalisse. In the Ventures team at Octopus, we think about deep tech as the technology that allows us to transcend the status quo. 4 days ago. For years, quantum computing has been the preserve of academics. About Octopus Ventures Octopus Ventures, part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer. The company, a UK- based quantum computing. We have been fortunate enough to work with the founding teams of over 60 companies, including Conversocial, graze.com, LoveFiLM, Property Partner, Secret Escapes, Sofar Sounds, SwiftKey, Swoon Editions, Uniplaces, tails.com, Zoopla Property … (source: Octopus Ventures July 2019) We are excited to announce our first investment in this field; Quantum Motion Technologies. So, it’s best to think of quantum computing as representing a fork in the road, running alongside what we already have, rather than the next iteration. Octopus Ventures, part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer.. We have backed the founding teams of more than 100 companies including Zoopla, Secret Escapes, graze.com, tails.com, Swiftkey, Elvie, Depop, Sofar Sounds, Big Health, Bought … Companies like D-Wave in Canada are making use of quantum ‘weirdness’ to impact the ‘real world’. The team is working on a patented technology (silicon spin-based qubit architectures) … The Quantum Computing race is on, but who to back? Felicis Ventures, which was founded in 2006, prides itself on being: ... QUANTUM COMPUTING REQUIRES A WHOLESALE, GENERATIONAL RETHINKING OF HOW WE SECURE THE DIGITAL ENVIRONMENT. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing. The difficulty with quantum computing is achieving acceptable levels of reliability. The reward for everyone if QMT are successful will be world-changing. Like many of our other tech investments, we’re able to provide the patient capital needed for the long term perspective. Quantum Motion Technologies (QMT), is a UK-based quantum computing company founded to commercialise world-leading silicon spin technology and architectures developed at UCL and Oxford University. There are four approaches that are generally regarded as serious contenders: ion traps; superconducting circuits; silicon matter and silicon photonics. Octopus Ventures, part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer. Centres of excellence include UCL, Bristol, Edinburgh, Oxford and Cambridge but many Universities in the UK have great research going on and the UK has a good co-ordinated programme. Google, Microsoft, IBM and other tech giants are also in the race for fault-tolerant quantum computing, but it’s in the universities and research labs that the cutting edge innovations are flourishing, many of them here in the UK. complex systems used by corporations and governments will take years to migrate to a quantum-safe state and smart organizations are already beginning the transition. The startup will use the funds to continue its work to build a reasonably-sized ‘fault-tolerant’ quantum computer. We spoke with Uzma Choudry of Octopus Ventures about her experience in the VC industry so far. Classical computers are good for many things, but when we get down to the very small (the quantum realm), the on/off system of ones and zeroes (bits) that they use is the wrong tool for the job. The raise will enable QMT to develop a fault tolerant quantum processor, based on its patented designs, LONDON, Dec. 26, 2020 /PRNewswire/ — Altitude Angel, the world’s leading UTM (Unified Traffic Management) technology provider, today announced it raised a further £4m ($5.3m US) from one of Europe’s largest VC investors, Octopus Ventures. Quantum Motion Technologies (QMT) in Leeds, UK, uses spin electronics architectures developed at UCL in London and Oxford University. Consumer: Reinventing the everyday, in how we live, work, travel, play, rest and recuperate. We’re … Notable alumni include LaunchDarkly, Rigetti Quantum Computing, mPharma, Matternet, and Mightyhive. Investors will be expected to make a minimum investment of £50,000, … The second annual edition of the report found that universities received £61 million from spinout exits; an increase of 37% year on year from 2017/18 to 2018/19. 20 Companies Investing in Quantum Computing The spinouts that achieved the highest exit values were in artificial intelligence (AI), quantum computing and life & medical sciences. Quantum Motion Technologies Ltd, a UK based quantum computing company founded on world leading silicon spin technology and architectures developed at UCL and Oxford University, today announced it has completed an £8 million series A round of investment. But, quantum volume will need to double every year before society feels the effects. Deep tech. Currently looking at: How we live: housing, co-living, mortgages, smart homes, construction reform, consumer robotics How we spend our free time: gaming, esports, sex tech, pets The way we work: collaboration, HR 3.0, office leasing, employee wellness, passion economy, consumer automation That doesn’t mean there aren’t commercial opportunities. We believe the team, their ambition and their progress to date are the combination on which the quantum revolution will be built. QMT is developing a quantum computer that leverages the advantages of … To date, Octopus Ventures has backed almost 120 founding teams since 2007. We are excited to be invested in QMT alongside other patient capital funds such as INKEF capital, a Dutch based venture fund and the National Security Strategic Investment Fund (NSSIF) and existing investors of QMT who already share this view. Our new Consumer pod: a small title for a massive opportunity. Founded in 2017, the firm is creating technology designed to improve the scalability of qubits, the basic unit of quantum information, with architectures developed at UCL and Oxford University. Quantum Computing won’t supersede classical computing. Octopus Ventures | 16,711 followers on LinkedIn | Octopus Ventures helps pioneers change the world. He also spent 4 years at Arma Partners, where he advised on several high-profile European technology transactions, including the sales of Momondo, … Simon King lays out the state of play for quantum computing. Quantum Motion raises £8m in oversubscribed series A fundraising Quantum Motion Technologies Ltd (QMT), a UK based quantum computing company founded on world leading silicon spin technology and architectures developed at UCL and Oxford University, today announced it has completed an £8.0m series A round of investment. Founded in 2017, Quantum Motion is led by founders Prof. Simon Benjamin (Oxford University) and Prof. John Morton (UCL) and commercial director Dr. James Palles- Dimmock. All rights reserved. The best way for founders to get in touch is using the portal on the website, or going direct into the most relevant team member. Deep tech: unblocking the paths to progress. The accelerator seeds around 75 enterprise-monetizing ventures / year. Growing into the new reality: introducing our expanded team. A possible scenario could be that one may show signs of pulling ahead, attract disproportionate investment, and become the self-fulfilling winner. Even for a technology that makes a virtue of uncertainty, where quantum goes next is something of a mystery. A UK startup has raised $8m from European investors to develop a scalable CMOS processor for a fault tolerant quantum computing system. But do not think that a quantum computer is just a more powerful version of the one you’re looking at right now. We are currently in the era of the small, error-prone ‘Noisy Intermediate-Scale Quantum’ (NISQ), but the holy grail is to achieve fault tolerance. Deep tech Focusing on the tools and technologies that will power the next industrial revolution. Zoe Chambers lays out her Deep Tech pod’s plan to invest in cutting edge tech companies. The company, a UK- based quantum computing company based on a leading silicon spin technology and architectures developed at UCL and Oxford University, indicated the raise will enable the company to develop a fault tolerant quantum processor based on its patented designs, leveraging the advantages of CMOS manufacturing. The company is led by founders Prof. Simon Benjamin (Oxford University), Prof. John Morton (UCL) and Commercial Director Dr. James Palles-Dimmock. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing; Consumer: Reinventing the everyday, in how we live, work, travel, play, rest and recuperate; It is open to approaches from founders. FuM includes funds under advisory mandates and funds monitored . So why are we, as investors, excited by the myriad of startups, many grown in the UK, racing to attain the holy grail: a general-purpose quantum computer? Octopus Ventures, part of Octopus Group and one of the largest VCs in Europe, today releases a new in-depth study identifying the universities that are leading the way in creating and commercialising their academic research through spinout companies. Future of money Backing the companies that will transform the way we exchange and allocate resources as a society. Prior to joining Octopus Ventures in 2020, Conor was a Principal at Frog Capital, a European scale-up stage technology investor, where he led UK deal origination and worked with several companies including Azimo, SHE Software and Vulog. Octopus Ventures said that universities and investors remain optimistic that success in these areas will continue despite Covid-19, while highlighting the huge economic and societal benefits they offer, both now and in the future. Why did we Quantum Motion Technologies as their first investment in the quantum computing field? Octopus Ventures leads Series A funding for Cambridge-founded legal tech company; Company growth accelerates during pandemic as leading corporates choose ThoughtRiver to help drive deal velocity ; London, UK. 7 new people have joined the Octopus Ventures team in the last few months, find out more here, Octopus Ventures is a part of Octopus Group. But it will change everything. We can be patient with our investments. About Octopus Ventures Octopus Ventures helps pioneers change the world. Octopus Ventures’ Zoë Chambers will join the Altitude Angel board, which is chaired by former Microsoft executive Pieter Knook. Our backers include many of the top corporate and VC funds in the Valley -- including Khosla Ventures, DFJ, Cisco, GE, next47(Siemens), and Salesforce, among others. Scaling. Quantum Motion Technologies Ltd, a UK based quantum computing company founded on world leading silicon spin technology and architectures developed at UCL and Oxford University, today announced it has completed an £8 million series A round of investment. isara is the clear leader as the only company with commercial solutions that can be implemented today. After scanning the Quantum market, we were impressed by the professor duo as they combine the theoretical research and practical skillset necessary to build a quantum computer using a scalable silicon approach. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing. About Octopus Ventures: Octopus Ventures , part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer. Once QMT achieves this, we believe they will be able to scale quickly because CMOS manufacturing is so widespread and established around the world. A GPU is much better at certain tasks than a Central Processing Unit (CPU) but doesn’t replace it; they work together. Current technologies eventually block progress and deep tech is the un-blocker. The lead investors were Octopus Ventures, Pentech and Isomer Capital. Sponsored We have backed the founding teams of more than 100 companies including Zoopla, Secret Escapes, graze.com , tails.com , Swiftkey, Elvie, Depop, Sofar Sounds, Big Health, Bought By Many, ByMiles, OLIO and Cazoo. © 2021 Octopus Ventures. A perfect example is quantum computing - we might not be able to activate the technology tomorrow but Octopus (unlike most funds) can make bets in something that might really benefit from patient capital. Octopus Ventures publishes report on fourth industrial revolution powered by university spinouts ... (AI), quantum computing and life & medical sciences. Quantum Motion Technologies Ltd (QMT), a UK based quantum computing company founded on world leading silicon spin technology and architectures developed at UCL and Oxford University, today announced it has completed an £8.0m series A round of investment. Founded in 2017, the firm is creating technology designed to improve the scalability of qubits, the basic unit of quantum information, with architectures developed at UCL and Oxford University. Quantum Motion Technologies added £8.0 million in Series A Round investment for its unique approach to quantum computing. The round was supported by Octopus Ventures and the National Security Strategic Investment Fund (NSSIF) as well as existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group plc. 8. And that is an appropriately paradoxical statement, for all things quantum are beyond binary understanding. Quantum Motion Technologies raised £8M in Venture capital (Series A) Investors: Octopus Ventures , INKEF Capital , IP Group Plc , +3 Stories on this investment As investors, we’re keen to be as supportive as possible to the individuals and teams who will bring about the next technological revolution. But it will change everything. 7 days ago. Backing the innovators who influence the way we live, work, travel, play, rest and recuperate. D-Wave has so far developed more than 200 ‘early quantum’ applications including airline scheduling, election modelling, chemistry simulation, and preventative healthcare; but what they’re doing isn’t what is generally recognised as quantum computing. Drug development and chemical research will be revolutionised by quantum computing, because now there will be a computing process that works in the same (weird) way reality does at these quantum levels. QMT is developing a quantum computer that leverages the advantages of standard silicon (CMOS) fabrication. Written by Octopus Ventures Read more. Together with James Palles-Dimmock’s 10 years’ experience of commercialising semiconductor technologies at Sharp Laboratories Europe, the trio represent the spearhead of quantum development in the UK, if not the world. Deep tech. Octopus Ventures is one of Europe’s largest and most active Venture Capital firms investing in startups in the areas of health, money and deep tech. 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