Drug development and chemical research will be revolutionised by quantum computing, because now there will be a computing process that works in the same (weird) way reality does at these quantum levels. So maybe it’s no surprise that our portfolio companies are responding boldly to the current crisis. 29 Apr 2020 Entrepreneurs meet the crisis with kindness, imagination and generosity. Felicis Ventures. Quantum Motion Technologies Ltd (QMT), a UK based quantum computing company founded on world leading silicon spin technology and architectures developed at UCL and Oxford University, today announced it has completed an £8.0m series A round of investment. Google, Microsoft, IBM and other tech giants are also in the race for fault-tolerant quantum computing, but it’s in the universities and research labs that the cutting edge innovations are flourishing, many of them here in the UK. This makes the people behind the technology and their flair for innovation as vital to the outcome as the route itself. About Octopus Ventures:. Despite claims by the tech giants of quantum supremacy (building a machine that outperforms its classical counterpart), right now, there is no clear front-runner and we are still years away from the ‘quantum revolution’. But do not think that a quantum computer is just a more powerful version of the one you’re looking at right now. The race to quantum supremacy is not a sprint, the finish line is not in view and may lie beyond the typical 3-7 year VC return cycle. Octopus Ventures, part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer. Octopus Ventures and the National Security Strategic Investment Fund also joined, along with existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group. Octopus Ventures is one of Europe’s largest and most active Venture Capital firms investing in startups in the areas of health, money and deep tech. Octopus Ventures and the National Security Strategic Investment Fund joined existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group, as well. complex systems used by corporations and governments will take years to migrate to a quantum-safe state and smart organizations are already beginning the transition. This is regarded as a key way to create a scalable quantum computing processor in standard CMOS process technology but a small fraction of the funds raised by US startups such as Rigetti and PsiQuantum (see below). D-Wave has so far developed more than 200 ‘early quantum’ applications including airline scheduling, election modelling, chemistry simulation, and preventative healthcare; but what they’re doing isn’t what is generally recognised as quantum computing. There are other routes to quantum supremacy – ion traps; superconducting circuits and silicon photonics being the main contenders – and at this point it still isn’t clear which route will get there quickest. | Octopus Ventures helps pioneers change the world. Growing into the new reality: introducing our expanded team. We’re … The company is led by founders Prof. Simon Benjamin (Oxford University), Prof. John Morton (UCL) and Commercial Director Dr. James Palles-Dimmock. Founded in 2017, the firm is creating technology designed to improve the scalability of qubits, the basic unit of quantum information, with architectures developed at UCL and Oxford University. About Speedinvest. 7 days ago. New entrepreneurial impact ranking places Queen's University top. Octopus Ventures leads Series A funding for Cambridge-founded legal tech company; Company growth accelerates during pandemic as leading corporates choose ThoughtRiver to help drive deal velocity ; London, UK. There are four approaches that are generally regarded as serious contenders: ion traps; superconducting circuits; silicon matter and silicon photonics. The Quantum Computing race is on, but who to back? 20 Companies Investing in Quantum Computing A good analogy here is the Graphics Processing Unit (GPU). Ever since Richard Feynman proposed quantum computing in the 1980s, physicists and computer scientists have been intrigued by the concept of a quantum computer.In theory, replacing the zeros and ones of conventional computer bits with the ups and downs or the clockwise and counterclockwise spins of subatomic particles can yield up to a cube root increase in computing … As investors, we’re keen to be as supportive as possible to the individuals and teams who will bring about the next technological revolution. Like many of our other tech investments, we’re able to provide the patient capital needed for the long term perspective. Quantum Motion Technologies (QMT) in Leeds, UK, uses spin electronics architectures developed at UCL in London and Oxford University. 8 millions de $ de financement pour une puce CMOS quantum computing. Quantum Motion Technologies (QMT), a UK-based quantum computing spin-out of UCL and Oxford University, has raised an £8 million Series A round led by Dutch firm INKEF Capital. Even for a technology that makes a virtue of uncertainty, where quantum goes next is something of a mystery. Speedinvest is an early-stage European venture capital fund with more than €400M AuM and 40 investment professionals working … The company, a UK- based quantum computing. Top performing sectors were in AI, quantum computing and life & medical sciences; UK university spinouts are achieving record breaking exit values, according to the latest figures from Octopus Ventures’ Entrepreneurial Impact Ranking 2020. With £1.2 billion under management, Octopus Ventures is one of the largest VCs in Europe. Investors will be expected to make a minimum investment of £50,000, … The high calibre team they have attracted around them is testament to their standing in the close-knit global quantum community. It is different in a fundamental way. FuM includes funds under advisory mandates and funds monitored . Octopus Ventures, part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer.. We have backed the founding teams of more than 100 companies including Zoopla, Secret Escapes, graze.com, tails.com, Swiftkey, Elvie, Depop, Sofar Sounds, Big Health, Bought … Deep tech: unblocking the paths to progress. Deep tech Focusing on the tools and technologies that will power the next industrial revolution. To date, Octopus Ventures has backed almost 120 founding teams since 2007. About Octopus Ventures: Octopus Ventures , part of the Octopus Group, is built to specialise in the four areas we believe will change the world for the better: health, money, deep tech and consumer. And that is an appropriately paradoxical statement, for all things quantum are beyond binary understanding. The investment is being used to facilitate development of the company’s quantum computing architecture and takes their total fundraisings to £10m. Quantum computing will have a transformative impact. Deep tech. Octopus Ventures and the National Security Strategic Investment Fund joined existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group, as well. In the Ventures team at Octopus, we think about deep tech as the technology that allows us to transcend the status quo. Quantum Motion Technologies raised £8M in Venture capital (Series A) Investors: Octopus Ventures , INKEF Capital , IP Group Plc , +3 Stories on this investment Our new Consumer pod: a small title for a massive opportunity. (source: Octopus Ventures July 2019) Quantum Motion Technologies (QMT), is a UK-based quantum computing company founded to commercialise world-leading silicon spin technology and architectures developed at UCL and Oxford University. The cutting edge of quantum development remains very thin and it’s a close-knit community. Consumer: Reinventing the everyday, in how we live, work, travel, play, rest and recuperate. The startup will use the funds to continue its work to build a reasonably-sized ‘fault-tolerant’ quantum computer. We spoke with Uzma Choudry of Octopus Ventures about her experience in the VC industry so far. The latest fundraising concludes Altitude Angel’s series A round, led by Octopus Ventures and existing investor Seraphim Capital. Start-ups developing artificial intelligence, quantum computing and life and medical sciences achieved the highest sale prices, according to Octopus Ventures, a venture capital firm. All rights reserved. Deep tech describes the radical new solutions that break open these bottle necks. 8. Zoe Chambers lays out her Deep Tech pod’s plan to invest in cutting edge tech companies. The latest fundraising concludes Altitude Angel’s series A round, led by Octopus Ventures and existing investor Seraphim Capital. Deep tech: unblocking the paths to progress. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing *As at 31 March 2020. They all have their pros and cons, but there is zero consensus on which has the best chance of winning the race. A perfect example is quantum computing - we might not be able to activate the technology tomorrow but Octopus (unlike most funds) can make bets in something that might really benefit from patient capital. Founded in 2017, the firm is creating technology designed to improve the scalability of qubits, the basic unit of quantum information, with architectures developed at UCL and Oxford University. The spinouts that achieved the highest exit values were in artificial intelligence (AI), quantum computing and life & medical sciences. Whirli raises £4m Seed funding round led by Octopus Ventures. Octopus Ventures Invests in Altitude Angel added by S. Jack Heffernan Ph.D on December 27, 2020 We have backed the founding teams of more than 100 companies including Zoopla, Secret Escapes, graze.com, tails.com, Swiftkey, Elvie, Depop, Sofar Sounds, Big Health, Bought By Many, … Octopus Ventures and the National Security Strategic Investment Fund also joined, along with existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group. The round was supported by Octopus Ventures and the National Security Strategic Investment Fund (NSSIF) as well as existing investors Oxford Sciences Innovation, Parkwalk Advisors and IP Group plc. 7 new people have joined the Octopus Ventures team in the last few months, find out more here, Octopus Ventures is a part of Octopus Group. Scaling. Quantum Computing won’t supersede classical computing. The Quantum Computing Investment Landscape The current disaster that has descended upon the world has disrupted many predictions that were made at the end of 2 The Quantum Daily (TQD) is the leading online resource dedicated exclusively to Quantum Computing. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing. Why now? Molecular modelling and particle physics will be revolutionised by quantum computers’ ability to perform calculations in this way, but so will other areas such as cryptography, financial modelling, weather forecasting, artificial intelligence and no doubt other sectors we haven’t even considered yet. Quantum Motion Technologies (QMT), is a UK-based quantum computing company founded to commercialise world-leading silicon spin technology and architectures developed at UCL and Oxford University. Fault tolerant quantum processors will be able tackle otherwise intractable problems in chemistry, medicine and artificial intelligence. But it will change everything. ISARA IS THE CLEAR LEADER AS THE ONLY COMPANY WITH … We have backed the founding teams of more than 100 companies including Zoopla, Secret Escapes, graze.com , tails.com , Swiftkey, Elvie, Depop, Sofar Sounds, Big Health, Bought By Many, ByMiles, OLIO and Cazoo. As well as the blue-sky R&D departments of Google, IBM and Microsoft, many of the teams focused on achieving it are based in the UK. 2 Mar 2020 Our investment in AudioTelligence “Alexa”…. Centres of excellence include UCL, Bristol, Edinburgh, Oxford and Cambridge but many Universities in the UK have great research going on and the UK has a good co-ordinated programme. Current technologies eventually block progress and deep tech is the un-blocker. Zoë Chambers, deep tech investor at Octopus Ventures, said: “We’ve been talking about the potential of drones to radically transform all sorts of industries for a long time now, as the number of applications is huge, but for it to be viable, we … After scanning the Quantum market, we were impressed by the professor duo as they combine the theoretical research and practical skillset necessary to build a quantum computer using a scalable silicon approach. Classical computers are good for many things, but when we get down to the very small (the quantum realm), the on/off system of ones and zeroes (bits) that they use is the wrong tool for the job. Octopus Ventures has just launched a fourth pod focussed on consumer-centric businesses. Time will tell, but we believe there will be fault tolerant quantum computers made within the next 10 years. Octopus Ventures was launched by Octopus Group, an investment company, to back pioneering entrepreneurs, providing additional growth capital that will allow them to reach new heights. LONDON, Dec. 26, 2020 /PRNewswire/ — Altitude Angel, the world’s leading UTM (Unified Traffic Management) technology provider, today announced it raised a further £4m ($5.3m US) from one of Europe’s largest VC investors, Octopus Ventures. Even theoreticians, with no vested interests are hedging their bets, so for investors it’s a four horse race. The pioneers we back dare to reimagine the future of health, the future of money and deep tech. Quantum Motion Technologies (QMT) à Leeds a levé 8 millions de dollars pour développer un processeur informatique quantique CMOS tolérant aux pannes et comportant des centaines de qubits . Quantum Motion Technologies Ltd, a UK based quantum computing company founded on world leading silicon spin technology and architectures developed at UCL and Oxford University, today announced it has completed an £8 million series A round of investment. Together with James Palles-Dimmock’s 10 years’ experience of commercialising semiconductor technologies at Sharp Laboratories Europe, the trio represent the spearhead of quantum development in the UK, if not the world. These include quantum computing, robotics and drones, sensory human augmentation and 3D printing. 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