Quantcore, a University of Glasgow spin-out, has raised £2.5m in seed funding to create a sovereign supply chain for quantum hardware, as the UK races to build domestic capacity in technologies critical to national security and economic competitiveness. The round was co-led by PXN Ventures, Blackfinch Ventures and Scottish Enterprise, with investment also coming from Quantum Exponential and STAC.
Following the investment, Quantcore plans to grow its team from four to 12 employees over the next 18 months, with engineering roles across design, manufacturing and cryogenic testing as well as non-technical positions to aid its commercial strategy.
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