Quantum Motion, the UK-based quantum computing scale-up, has announced a fundraise of around £42 million.

The new funding, which was led by Bosch Ventures, brings Quantum Motion’s funding to-date to around £62 million.

The company said the latest funding will help it to accelerate its development of silicon quantum processors, develop deeper ties with manufacturing partners, and treble the size of its central London headquarters.

Quantum Motion's vision is to develop scalable quantum computers by using silicon transistor manufacturing processes. Through a range of peer-reviewed tests, the company said it has discovered how silicon could be the “fastest, most cost-effective and scalable” way of producing the millions of qubits that are needed to create fully-functional, fault tolerant quantum computers”.

"The support of leading technology investors enables us to realise our vision of a quantum computer built using standard foundry processes,” said James Palles-Dimmock, chief executive of Quantum Motion.

He continued: “This support, along with the continuing UK national quantum programme and European initiatives, provides a step-change in our capabilities.”

The development of a quantum computing industry in the UK looks to be progressing well, with the Engineering and Physical Sciences Research Council recently announcing the funding of two international residential quantum technology summer schools in the UK this summer. The Hartree National Centre for Digital Innovation also 'broke ground' on a £30 million supercomputer facility in Liverpool this month.

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