A significant advancement is the development of the first commercial Application-Specific Integrated Circuit (ASIC) chip for million-qubit-scale quantum computing. This ASIC incorporates UQConnect, a link technology that transfers qubits between chip modules at a world-record rate of 2,400 connections per second with 99.999993% fidelity, and UQLogic, a microwave technology enabling scalable qubit control.
In 2022, Universal Quantum secured a €67 million contract from the German Aerospace Center (DLR) to build fully scalable trapped-ion quantum computers. This project includes developing a single-chip quantum computer and a multi-chip system initially consisting of up to 100 qubits, with the potential to scale to millions.
Propagator Ventures supports Universal Quantum in its mission to build utility-scale quantum computers capable of solving complex problems beyond the reach of classical supercomputers. Its focus on scalability, error correction, and practical engineering solutions positions Universal Quantum as a key player in the race to develop large-scale, useful quantum computers that could revolutionise fields such as drug discovery, chemistry, finance, and beyond.
Universal Quantum was founded in 2018 as a spin-off from the University of Sussex.
Co-investors in Universal Quantum include Hoxton Ventures, Luminous VC, 7percent Ventures, In-Q-Tel (IQT), Village Global, Founders X Ventures, and others.
More on why we invested in Universal Quantum here.