"The European Union's new Scaleup Europe Fund has made its first investment, leading a $160m round in UK-based Quantum Motion. The deal is the largest single funding round any European silicon-spin-qubit company has secured to date and the first major late-stage commitment of the EU vehicle that has been in design at the European Investment Fund for the better part of two years."
"The Scaleup Europe Fund's mandate, as defined by the European Innovation Council, explicitly covers strategic technology areas including quantum, with eligibility extending beyond strict EU-domiciled companies to include strategically aligned operators across the wider European technology ecosystem. Quantum Motion's selection makes that perimeter operationally explicit for the first time."
"Quantum Motion's silicon-CMOS spin qubits are slower to mature but, in principle, can be manufactured by any leading-edge foundry without bespoke capital equipment. Most current frontier-quantum systems use custom processes, including superconducting qubits and trapped ions, that are difficult to manufacture in volume."
The European Union's Scaleup Europe Fund made its inaugural major late-stage investment by leading a $160 million funding round in Quantum Motion, a London-based silicon-CMOS spin qubit company founded in 2017. This represents the largest funding round secured by any European silicon-spin-qubit company. The investment is structurally significant as it marks the first operational application of the fund's mandate to support strategic technology areas including quantum, with eligibility extending beyond strict EU domicile to include strategically aligned operators across the wider European technology ecosystem. Quantum Motion's distinguishing technical approach involves building qubits using standard silicon-CMOS manufacturing processes already used at scale by the semiconductor industry, prioritizing long-term scalability over short-term performance compared to custom-process alternatives like superconducting qubits and trapped ions.
Read at TNW | Investors-Funding
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