Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Universal Quantum, a UK-based quantum computing spinout of University of Sussex, has raised £3.6m ($4.6m) of seed funding from investors including Village Global, Hoxton Ventures, Propagator VC, Luminous VC, 7Percent and unnamed angel investors. The company has invented an approach for developing a quantum computing system where trapped ions transmitting microwaves perform calculations, as opposed to the laser beams prevalent with other technologies. The aim is to execute quantum computers at easier-to-obtain temperatures in order to make them more practical…
