QuantrolOx raises €12 million Series A2 led by IW Capital and the EIC Fund
QuantrolOx, a developer of automated quantum control software spun out of the University of Oxford and headquartered in Finland, has raised €12 million (~$13.36 million USD) in a Series A2 round. IW Capital led the round, with co-investment from the European Innovation Council (EIC) Fund, and existing backers Voima Ventures, Serendipity Capital, Hoxton Ventures and Transpose Capital also took part. Cumulative funding is now about €28 million (~$31.2 million USD). The company plans to scale commercial deployments of its Quantum EDGE QPU automation software, expand its Quantum EDGE Academy training offering, and grow its North American presence from a newly opened office in Berkeley, California, which supports a five-year collaboration with UC Berkeley on automated superconducting quantum industrialization.