Universal Quantum Raises £76 Million to Speed Next-Generation Computers as Sussex Pushes Quantum Hub
Updated
Updated · BBC.com · Oct 29
Universal Quantum Raises £76 Million to Speed Next-Generation Computers as Sussex Pushes Quantum Hub
1 articles · Updated · BBC.com · Oct 29
Summary
About £76 million ($102 million) in new investment will accelerate Universal Quantum's work on next-generation quantum computers and fund the Sussex company's global expansion.
The University of Sussex said the company—spun out from its research—will use the money to speed development of machines designed to solve problems far faster than classical supercomputers.
Winfried Hensinger said tasks such as finding a new drug that could take today's fastest supercomputers thousands of years might be completed by quantum systems in minutes or hours.
The funding also advances Sussex's goal of building a "Quantum Silicon Valley," with the university saying the investment could attract businesses and jobs even though no completion timetable has been set.