Oxford Quantum Circuits (OQC)

Oxford Quantum Circuits (OQC)

Enterprise quantum hardware and QCaaS

Overview

Oxford Quantum Circuits (OQC) provides Quantum Computing as-a-Service (QCaaS) built around superconducting qubits and its proprietary Coaxmon architecture. Clients gain access to quantum computing through direct access, managed services, cloud platforms, or colocation data centers, with hardware and software managed by OQC. The Coaxmon qubit design and integration into a scalable QCaaS platform enable users to run quantum workloads without owning and maintaining hardware. OQC differentiates itself through its Oxford university origins, its flagship UK QCaaS platform, and ongoing expansion across Europe and Asia, focusing on enterprise solutions in areas such as climate analytics and artificial intelligence. The company aims to make quantum computing broadly available to businesses by delivering reliable, scalable quantum hardware and service models, supported by ongoing R&D and scalable operations.

Funded Recently

About Oxford Quantum Circuits (OQC)

Simplify's Rating
Why Oxford Quantum Circuits (OQC) is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Hardware

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series C

Total Funding

$503.8M

Headquarters

Reading, United Kingdom

Founded

2017

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Simplify's Take

What believers are saying

  • JPMorganChase’s dedicated London use case validates demand in regulated finance.[4]
  • The £260 million Series C funds geographic expansion and next-generation systems.[2]
  • A **25-nanosecond two-qubit gate speed** strengthens technical credibility and enterprise marketing.[2]

What critics are saying

  • 32-qubit systems remain far from economically useful fault-tolerant quantum workloads.[3]
  • Hyperscaler cloud bundling weakens customer lock-in and compresses OQC pricing power.[2]
  • Reliance on third-party data centers creates outage and access dependency risk.[2][4]

What makes Oxford Quantum Circuits (OQC) unique

  • Proprietary **3D superconducting architecture** targets efficient logical-qubit scaling.[1]
  • OQC sells **QCaaS** through cloud, colocation, and flexible API access.[2]
  • It operates **commercial data center** deployments in London, Tokyo, New York, and Spain.[2][4]

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Funding

Total Funding

$503.8M

Above

Industry Average

Funded Over

6 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$350M
Oxford Quantum Circuits (OQC)

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

1%
Law.com
Nov 30th, 2023
Corporate Transactions, Goodwin Procter, Private Equity, Technology

Oxford Quantum Circuits, a quantum computer manufacturer, has secured $100 million in a Series B funding round led by venture capital fund SBI Investment, with participation from Oxford Science Enterprises, the University of Tokyo Edge Capital and others.

Oxford Quantum Circuits
Sep 8th, 2023
We've teamed up with Quanmatic Inc. and Waseda University on the development of algorithms for quantum computers

Oxford Quantum Circuits has teamed up with quanmatic inc. and Waseda University on the development of algorithms for quantum computers.

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