Sony Invests in Quantum Motion, Boosting Quantum Computing Innovation
On May 24, 2023, the dynamic landscape of quantum computing welcomed significant news as the Sony Innovation Fund, hailing from London, UK, has decided to invest in Quantum Motion. This innovative scale-up specializes in quantum computing and was founded by two prominent academics: Professor John Morton, who represents University College London (UCL), and Professor Simon Benjamin from Oxford University. This investment is a part of the company's ongoing funding round, which was initially announced in February 2023 and has already amassed an impressive £42 million in equity funding from globally recognized investors in the quantum technology sector.
Joining the ranks of existing investors such as Bosch Ventures, Porsche Automobil Holding SE, British Patient Capital, and others, Sony Innovation Fund enhances Quantum Motion’s financial backing, which now totals to over £62 million in equity and grant funding. The support from Sony is not merely financial; it also brings invaluable technical expertise in CMOS semiconductor design and manufacturing. Additionally, it extends Quantum Motion's influence into the international investor landscape, particularly within the burgeoning market of Japan, which could play a crucial role in advancing quantum computing technologies.
The fundamentals of Quantum Motion’s technology leverage the well-established qualities of the CMOS industry, including its scalability, uniformity, and cost-effective manufacturing capabilities. Over the past two years, the company has reached a series of commendable milestones, emphasizing silicon's unique potential to produce the vast number of qubits necessary for creating fully-functional quantum computers. With advancements such as integrated circuits operational at extremely low temperatures and the mass characterisation of multiplexed quantum dots, Quantum Motion is solidifying its competitive edge in the industry. As Antonio Avitabile, Managing Director-EU at Sony Ventures Corporation, noted, the collaboration aims to foster transformative technologies, with Quantum Motion already showing promising leadership in quantum advancements.
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