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News & Insights

Oxford Quantum Circuits launches OQC Toshiko, the world’s first enterprise ready quantum platform alongside announcement of its ongoing $100m Series B funding round.

  • OQC has announced its ongoing $100m Series B, led by Japanese venture capital fund SBI Investment, in addition to existing investors Oxford Science Enterprises (OSE), University of Tokyo Edge Capital Partners (UTEC), and Lansdowne Partners.
  • The announcement is made alongside the launch of OQC Toshiko the Company’s powerful next generation 32-qubit platform, deployed to commercial data-centres, enabling businesses to tap into ground-breaking technology from anywhere in the world, seamlessly and securely.

Oxford Investment Consultants LLP (OIC) is pleased to announce that the Oxford Technology & Innovations EIS Fund (OTIF) has subscribed to the first close of OQC’s $100m Series B fundraise. This is the UK’s largest ever Series B in quantum computing and will fund ongoing industry-leading R&D as OQC continue to pave the way to quantum advantage.

OQC has brought quantum computing to commercial data centres with their next generation OQC Toshiko system, 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, defence and government.

Bringing quantum into data centres 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.

Prior to Series B, OQC 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 centres expanding its operations in the UK, Japan and Spain.

Ilana Wisby, CEO 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.”

Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBI Holdings, Inc., a wholly owning parent company of SBI Investment Co., Ltd., said: “Quantum computing is a game changer for financial services and many other sectors, unlocking unprecedented power, speed and accuracy that will redefine the industrial landscape. As Japan’s premier venture capital firm, SBI Investment is proud to lead a $100m Series B round of OQC, a global leader in quantum computing.”

Read the full press release here.