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Here’s a special look at the pitch deck utilized by Universal Quantum to raise $4.5 million to handle Google and construct the 1-million qubit computer system

This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. British quantum computing startup Universal Quantum has emerged from stealth to announce a £3.6 million seed round.The startup wants to build a quantum computer with chips comprising one million qubits. For context, today's quantum computers have 20 to 50…

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  • British quantum computing start-up Universal Quantum has emerged from stealth to reveal a ₤ 3.6 million seed round.
  • The startup desires to develop a quantum computer with chips making up one million qubits.
  • Read on for an unique look at Universal Quantum’s pitch deck.

    British startup Universal Quantum has raised ₤ 3.6 million ($ 4.5 million) in brand-new funding to attempt and beat IBM and Google to the moonshot of constructing an operating quantum computer.

    The University of Sussex spinout has actually emerged from stealth to announce its ambition to construct a 1-million qubit quantum computer and test whether the tech may solve some of humankind’s biggest challenges.

    Quantum computing is at the very edge of physics and computer science, however the race to build a true very computer system is warming up with Palo Alto’s PsiQuantum raising $215 million in April, and Finland’s IQM revealing a EUR15 million raise on Thursday.

    two module quantum computer prototype

    A two-module quantum computer prototype.

    Universal Quantum.


    In traditional computing, details is encoded in bits that are just one of two values at any one time, usually represented as 0 or 1, on or off. Quantum computing runs in the world of quantum mechanics, a mystical branch of physics that notoriously no one comprehends And it doesn’t count on bits, but an unit called a qubit which can be in two states at the same time.

    ” What quantum computer systems do is make use of a number of very cool results you see in the quantum world and one of them, for instance, is that something can be in 2 locations at the very same time,” said Dr Sebastian Weidt, CEO and cofounder of Universal Quantum, adding: “In a conventional computer, bits are represented as a one or a no. And since we now live in the quantum world, we can represent ones and nos at the exact same time. That’s where a lot of the computational power is available in.”

    Various players working on this technology are taking different methods to try and display “quantum effects”, Weidt stated.

    IBM and other firms utilize superconducting qubits which are produced onto a chip, which is then cooled off to outright no or minus 273.15 degrees Celsius. That innovation literally requires something like a giant refrigerator which is, for apparent factors, rather challenging to scale up.

    Universal Quantum states it has actually established tech based upon caught ions. “You use specific charged atoms and you encode info inside of them, so each atom ends up being a qubit,” stated Weidt, including that the qubits are in a vacuum system with cool technology and there is no need for huge fridges.

    Weidt argues this will be simpler to scale up to construct a real quantum computer.

    Universal Quantum’s new backers consist of Town Global– a fund that uses connections to Amazon billionaire Jeff Bezos, Facebook CEO Mark Zuckerberg, and Microsoft founder Bill Gates.

    Read Universal Quantum’s (redacted) pitch deck listed below:

Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


Universal Quantum pitch deck



Universal Quantum.


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