Oxford quantum spinout QuantrolOx raises €12M

QuantrolOx, an Anglo-Finnish quantum spinout from the University of Oxford, has raised €12M in a funding round led by IW Capital, with the EIC Fund and Transpose Capital participating. The company builds software that automates tuning and control of quantum computers across hardware architectures; its machine-learning approach tuned a device in under 70 minutes, beating the best human benchmark.

• €12M round led by IW Capital, with EIC Fund and Transpose Capital
• ML-based tuning of a quantum device takes under 70 minutes
• Founded by ex-Nokia executive Vishal Chatrath and Oxford professor Andrew Briggs
• Existing investors include Hoxton Ventures and Arm co-founder Hermann Hauser