Oxford Quantum Computing Sputnik, led by Japan’s SBI, has a 100 million

Oxford University's physics spin-off Oxford Quantum Circuits (OQC) has announced the launch of a 32-quantum quantum computing service platform, Toshiko, with $100-million Series B funding led by the investment arm of Japan's SBI Group.

The company claims Toshiko is “the world's first enterprise-ready quantum computing platform.”

Great question! We are out of lab and deployed in colocation data centers, + there are multiple OQC Toshiko to meet enterprise data needs. We outline what makes our offering unique in our white paper, which you can access here.https://t.co/lXBSOZcRiH

— OQC (@OxfordQCircuits) November 27,

OQC is partnering with Equinix, Nvidia, Amazon Web Services and McKinsey to “take quantum out of the lab” and pave the way for “quantum advantage.”

Quantum Advantage A quantum computer is a technological breakthrough that can solve problems that no traditional binary computer can possibly solve.

Several quantum advantage claims have been made over the past decade, notably by both Google and IBM, but, as yet, there is no industry-wide consensus.

While most quantum computing systems are still considered experimental, the launch of hybrid and cloud-based classical/quantum systems and the arrival of the industry's first on-premise commercial quantum platforms has led the sector to focus on enterprise solutions.

Tim Costa, director of HPC and Quantum at NVIDIA, said in a press release:

“To solve tomorrow's grand challenges, quantum coherence will require more than today's GPU-accelerated supercomputing. By combining OQC Toshiko with the NVIDIA GH200 Grace Hopper Superchip through NVadi CUDA Quantum, an integrated quantum-classical computing platform, OQC can better empower businesses and researchers to make breakthroughs in industries and critical scientific domains.

OQC is also announcing a $100 million Series B round. The fundraising will be led by Japan's SBI Investments and will be joined by Oxford Science Enterprises (OSE), University of Tokyo Edge Capital Partners (UTEC), Lansdowne Partners and OTIF.

Related: Circle and SBI Holdings Partner to Expand USDC Distribution in Japan

The company previously raised about $43 million in Series A funding. According to the OQC, both the Series A and Series B funding rounds represent the largest quantum computing startup funding rounds in UK history.