Universal Quantum Raises $100M Series A to Scale Fault-Tolerant Quantum Computing Systems

Universal Quantum is building quantum computers that can scale to millions of error-corrected qubits, with the goal of making the technology useful for real-world applications. The Haywards Heath, United Kingdom-based company develops systems designed to address the reliability and scaling challenges facing quantum computing.

The University of Sussex spinout has raised $100 million in Series A funding, which it describes as the largest Series A secured by a UK-headquartered quantum firm. DCVC and Firgun Ventures led the round, with participation from EDBI, Artal, Integral GlobalTech, Main Sequence, Hostplus, NGS Super, IAG Capital, EdenBase, Eigenstate Holdings, SiteGround Capital, Dave Baszucki, Nauta Capital, and The Venture Collective.

Founded in 2018 by Sebastian Weidt and Winfried Hensinger, Universal Quantum has raised more than $125 million to date. It is headquartered in Haywards Heath and operates across the United States, Germany, Japan, Denmark, and Australia.

The company will use the funding to expand in the United States and Japan and grow its German hub in Hamburg. It also plans to advance and commercialise its quantum computing technology, supporting product development, go-to-market activity, and hiring as it builds out its international operations.

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