U.K. quantum computing company Quantum Motion has raised £42 million ($50.5 million) in an equity round of funding led by Bosch Ventures (RBVC), with participation from Porsche, the U.K. government’s National Security Strategic Investment Fund (NSSIF), and a host of additional investors.
Quantum computing, for the uninitiated, builds on principles borrowed from quantum mechanics, with a focus on quantum bits (qubits) rather than atoms, promising to advance what’s possible with computers by performing complex calculations in a fraction of the time. Use-cases may include accelerating new drug discoveries, or powering the vast amount of data processing required for AI applications.
“Quantum computers will think in totally different ways to computers today,” Quantum Motion CEO James Palles-Dimmock explained to TechCrunch. “Problems that would take a supercomputer …
