Oxford Quantum Circuits (OQC), JPMorganChase and AMD have announced a research collaboration centred on a new quantum AI data centre in London. JPMorganChase researchers will test quantum and hybrid quantum-classical computing applications in a secure enterprise environment to address complex financial services challenges. The collaboration aims to investigate how quantum-enhanced AI models can accelerate algorithm discovery for financial use cases. JPMorganChase will be the UK platform's first dedicated user, with full operations expected within 12 months. The platform integrates quantum hardware within a secure enterprise compute environment, enabling JPMorganChase to test hybrid workflows against financial services operational standards. This week, OQC closed an oversubscribed £260 million Series C funding round, Europe's largest private funding round for a quantum computing company.

Oxford Quantum Circuits has raised £260m ($350m) in a Series C round, marking the largest funding for a private quantum computing company in Europe. The round was led by Bullhound Capital, with participation from British Business Bank, European investors including Fynveur and Cofides, and US and Singapore-based firms. The UK-based scaleup builds quantum computers using superconducting qubits and offers them as a service through partner data centres in London, Tokyo and New York. Customers buy computing time rather than purchasing systems outright, an approach particularly attractive to regulated sectors like finance and defence requiring secure data storage. The funding will support geographic expansion and development of next-generation systems. OQC's current most advanced computer has 32 qubits, with CEO Gerald Mullally stating the goal is building systems for the "commercial era of quantum".

Oversubscribed Series C will scale OQC’s international footprint and deployed quantum infrastructure.