https://techcrunch.com/2023/02/20/u-k-quantum-computing-startup-quantum-motion-raises-50-5m/

U.K. quantum computing company Quantum Motion has raised £42 million ($50.5 million) in an equity round of funding led by Bosch Ventures (RBVC), with participation from Porsche, the U.K. government’s National Security Strategic Investment Fund (NSSIF), and a host of additional investors.

Quantum computing, for the uninitiated, builds on principles borrowed from quantum mechanics, with a focus on quantum bits (qubits) rather than atoms, promising to advance what’s possible with computers by performing complex calculations in a fraction of the time. Use-cases may include accelerating new drug discoveries, or powering the vast amount of data processing required for AI applications.