UCL spinout developing quantum algorithms raises £13M :

Founded in 2019 by Professor Toby Cubitt (UCL Computer Science), Professor John Morton (London Centre for Nanotechnology at UCL) and Professor Ashley Montanaro of the University of Bristol, the company will use the funding to further develop its quantum algorithms to the point of practical quantum advantage – when quantum computers outperform classical computers for useful real-world applications like developing new materials.

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