Here's an exclusive look at the pitch deck used by Universal Quantum to raise $4.5 million to take on Google and build the 1-million qubit computer
British quantum computing startup Universal Quantum has emerged from stealth to announce a £3.6 million seed round.
The University of Sussex spinout has emerged from stealth to announce its ambition to build a 1-million qubit quantum computer and test whether the tech might solve some of humanity's biggest challenges. In traditional computing, information is encoded in bits that are only one of two values at any one time, usually represented as 0 or 1, on or off. Quantum computing operates in the realm of quantum mechanics, a mysterious branch of physics that famously. And it doesn't rely on bits, but a unit called a qubit which can be in two states simultaneously.
Universal Quantum says it has developed tech based on trapped ions. "You use individual charged atoms and you encode information inside of them, so each atom becomes a qubit," said Weidt, adding that the qubits are in a vacuum system with cool technology and there is no need for giant refrigerators.
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