Home / Technology / Quantum Leap: Startup Raises $160M for Chip-Based Quantum Computer
Quantum Leap: Startup Raises $160M for Chip-Based Quantum Computer
7 May
Summary
- Quantum Motion secured $160 million to build cheaper quantum computers.
- They leverage standard silicon chipmaking techniques for qubit creation.
- The company aims for useful quantum computers costing as little as $10 million.
Quantum Motion announced on Thursday, May 7, 2021, that it has successfully raised $160 million. This significant funding will fuel the company's ambitious project to construct quantum computers that are notably smaller, more cost-effective, and consume less energy compared to existing technologies.
The core innovation lies in Quantum Motion's decision to utilize standard silicon chipmaking techniques. Instead of relying on methods like superconductors or lasers to create qubits, the company adapts readily available transistors, a component found in everyday electronics.
This strategic approach aims to overcome the scaling challenges faced by other quantum computing developers. Quantum Motion believes its method of manipulating single electrons in transistor gaps could lead to the creation of functional quantum computers at a much lower price point, potentially around $10 million to $20 million.
The funding round was co-led by DCVC and Kembara, with substantial contributions from the British Business Bank and Firgun. Existing investors, including Oxford Science Enterprises and Bosch Ventures, also participated, underscoring continued support for Quantum Motion's vision.
