OQC Honors Physicist Toshiko Yuasa with OQC Toshiko Platform, Secures $100M Funding

November 27, 2023

LONDON, Nov. 27, 2023 – OQC today announced the public availability of OQC Toshiko, an enterprise-ready quantum computing platform, and that SBI Investment is leading OQC’s $100 million round.

OQC Toshiko is a powerful 32-qubit platform, deployed to commercial data centers, enabling businesses to tap into this technology from anywhere in the world, seamlessly and securely. OQC’s $100 million round will pave the way for industry-leading R&D, furthering its ability to bring enterprise-ready quantum to businesses globally.

Quantum computing is a $1.3 trillion opportunity with the power to not only reshape and transform entire industries, but ignite and catalyze entirely new ones. Today, quantum computers are predominantly located in labs, making secure access the biggest barrier to wider business adoption.

With OQC Toshiko, an upgradeable 32-qubit platform, OQC has brought quantum computing to commercial data centers, thereby enabling secure and easy access for customers. This world-first platform is especially important for customers handling sensitive data, in sectors such as financial services, pharmaceuticals, energy, defense and government.

Bringing quantum technology into data centers makes it possible to offer hybrid compute, integrated quantum and HPC to the market. OQC has achieved this by adopting an advanced networking infrastructure, Digital Fabric Interconnect, to enable secure, hybrid compute for customers.

To bring quantum computing out of the lab and into enterprises, OQC is collaborating with leading global companies including Equinix, NVIDIA, AWS and McKinsey. OQC Toshiko is available today in private preview with expanding availability across public cloud and data centre fabric in the coming months.

OQC believes in a brighter future for all enabled by quantum and is passionate about championing diversity in tech. OQC Toshiko is named after the first female Japanese physicist, Toshiko Yuasa.

SBI Investment Leads $100m Round

At the Global Investment Summit today, OQC announced that SBI Investment, a Japanese venture capital fund, is leading OQC’s $100 million Series B raise. New investors in the round have been confirmed in addition to existing investors, Oxford Science Enterprises (OSE), University of Tokyo Edge Capital Partners (UTEC), Lansdowne Partners, and OTIF, acted by manager Oxford Investment Consultants (OIC).

The ongoing round is the UK’s largest-ever Series B in quantum computing, enabling industry-leading R&D that paves the way to quantum advantage and furthers OQC’s ability to bring next-generation platforms of hundreds of qubits to businesses globally.

Commenting on the news, Ilana Wisby, Chief Executive Officer at OQC, said: “To solve the world’s most pressing challenges – from climate change to accelerated drug discovery – we need to put quantum computers in the hands of humanity and at the fingertips of our most brilliant minds. We’re proud to be pioneering enterprise ready quantum with our customers, partners and investors.”

OQC previously raised £41 million, including the largest Series A in quantum in the UK at that time. In 2023, OQC’s team grew to over 100, attracting talent from across the globe. The team has built and deployed OQC Toshiko platforms to colocation data centers, expanding its operations in the UK, Japan and Spain.

Companies wanting to test this technology can join the private preview here and mark a key moment of quantum computing entering the mainstream.

About OQC

OQC is the globally leading enterprise-ready quantum compute company. We bring quantum to our customers’ fingertips and enable them to make breakthrough discoveries. OQC Toshiko, a powerful and secure 32-qubit quantum computing platform, is now in private preview and coming soon on public cloud and data centre fabric.


Source: OQC

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