QuantrolOx raises €12M Series A to automate tuning of quantum computers

QuantrolOx, an Oxford University spinout headquartered in Finland, has raised €12 million in a Series A led by IW Capital, with the European Innovation Council (EIC) Fund and Transpose Capital also investing, Tech.eu reports. Existing investors include Hoxton Ventures and Arm co-founder Hermann Hauser. The company builds software that automates the tuning and control of quantum computers, which it calls a current bottleneck, and designs it to work across different hardware architectures. It points to published research showing its machine learning tuned quantum devices in under 70 minutes, outperforming the best human benchmark; this is a company claim. The money is meant to speed up commercial growth and fund its push into the US.

DTT summary based on Tech.eu's report. The full article is on the publisher's site.