London-based Quantum computing start-up, Quantum Motion, has raised £42m ($50.5m) in an equity round of funding led by Bosch Ventures, with participation from Porsche, the UK government’s National Security Strategic Investment Fund (NSSIF), and several investors. Quantum computing works on quantum bits (qubits), rather than atoms, promising to speed up 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 vast amounts of data processing required for AI applications. Quantum Motion was founded in 2017 by professors from UCL and Oxford University and aims to create … Continue reading Quantum Motion Raises £42m to Develop Scalable Quantum Computing Through Silicon-Based Quantum Processors