Website: [oqc.tech](https://oqc.tech) ### Introduction Oxford [[Quantum Circuits]] (OQC) was founded in 2017 by Dr. Peter Leek, a pioneer in superconducting [[Quantum Circuits|quantum circuits]] and a researcher at the University of Oxford. Headquartered in Reading, UK, with additional operations linked to Oxford, the company focuses on developing quantum computing technologies to accelerate breakthroughs in various industries. OQC's mission, as stated on their official website, is to build a "quantum-accelerated world" by delivering high-performance quantum computers optimized for commercial applications that provide real business value to customers ([OQC.tech](https://oqc.tech)). While specific employee counts are not publicly disclosed in the latest data, the company is noted for its team of world-class researchers and technical experts. OQC is a private company and does not have a publicly traded ticker symbol. Since its inception, it has positioned itself as a key player in the quantum computing sector, leveraging the academic and research strengths of Oxford University while pursuing commercial scalability. The company aims to transition quantum computing from theoretical research to practical, enterprise-ready solutions by 2028. ### Key Products and Technology OQC is focused on building quantum computers tailored for commercial advantage. Below are details of their key technologies and offerings based on the most current information available: - **Name and Type: OQC Toshiko (Quantum Computer as a Service - QCaaS)** - **Technical Specifications:** Specific details such as qubit count or error rates for the latest iterations are not fully disclosed in public sources. However, OQC emphasizes high-performance generational hardware designed for scalability and integration with classical systems like Nvidia’s Grace Hopper superchip ([DatacenterDynamics.com](https://www.datacenterdynamics.com/en/news/oxford-quantum-circuits-deploys-quantum-computer-at-quantum-ai-data-center-in-new-york-city/)). - **Fuel Type or Energy Source:** Operates on electrical power with advanced cooling systems typical of superconducting quantum computers, requiring cryogenic environments. - **Key Differentiators:** OQC’s proprietary Coaxmon technology, a 3D architecture for superconducting qubits, reduces on-chip noise and enhances scalability compared to traditional 2D designs. This allows for more robust and commercially viable systems. - **Development Stage:** Operational, with deployments such as a quantum computer at a Quantum AI data center in New York City in 2025. The company is on track for broader commercial applications by 2028 ([OQC.tech](https://oqc.tech)). - **Target Customers:** Enterprises in sectors like finance, pharmaceuticals, and materials science, as well as research institutions and data centers seeking quantum computational advantages. OQC’s focus on application-optimized compute systems sets it apart in the quantum computing space, aiming to deliver tangible value through accessible and seamless quantum computing services. ### Regulatory and Licensing Status As a quantum computing company, OQC does not fall under nuclear regulatory oversight like the U.S. Nuclear Regulatory Commission (NRC). Instead, its regulatory considerations relate to technology export controls, data security, and intellectual property protections, particularly given the strategic importance of quantum technologies for national security and economic competitiveness. No specific regulatory milestones or licensing statuses (e.g., export control classifications) are publicly detailed in the latest sources. The UK government has shown significant support for quantum technologies through initiatives like the National Quantum Technology Programme, with over £1 billion allocated through 2030 by UK Research and Innovation (UKRI) as noted in posts on X. Additionally, the University of Oxford, closely tied to OQC, leads one of five new UK quantum research hubs announced in July 2024, focusing on quantum computing development ([Oxford.ac.uk](https://www.ox.ac.uk/news/2024-07-26-new-oxford-quantum-hub-tackle-key-challenges-quantum-technologies)). While these are not direct regulatory approvals for OQC, they indicate a supportive policy environment. There are no specific timelines for commercial deployment tied to regulatory hurdles, though OQC targets real-world value delivery by 2028. ### Team and Leadership OQC’s leadership team combines technical expertise with strategic business experience. Key figures include: - **Gerald Mullally (CEO):** Leads strategy and execution to scale the business. Mullally brings over 20 years of experience in delivering mission-critical technology solutions across financial services, energy, and defense, including roles at Accenture and PwC. He previously served for eight years as a Director in the UK Prime Minister’s Office and Cabinet Office overseeing security programs ([OQC.tech](https://oqc.tech/company/senior-leadership/)). - **Dr. Peter Leek (Founder and Chief Scientific Officer - CSO):** A pioneer in superconducting quantum circuits, Leek founded OQC in 2017. He sets the company’s scientific vision and drives R&D for long-term innovation. He also leads a research group at the University of Oxford ([OQC.tech](https://oqc.tech/company/senior-leadership/)). Specific X handles for these individuals are not verified in the available data and thus are omitted. The leadership team is supported by a roster of technical minds and researchers, positioning OQC as a leader in quantum innovation. ### Funding and Financial Position OQC has raised significant capital to support its growth. Key funding details include: - **Total Funding and Latest Round:** In July 2022, OQC closed a £38 million Series A round, one of the largest for a quantum computing company in the UK at the time. The round was aimed at building and deploying commercially viable quantum computers ([OQC.tech](https://oqc.tech/company/newsroom/oqc-series-a-38-million/)). - **Additional Investment:** In February 2023, Quantum Exponential Group invested £299,997 in OQC, further bolstering its financial position ([TheQuantumInsider.com](https://thequantuminsider.com/2023/02/06/quantum-exponential-invests-in-oxford-quantum-circuits/)). - **Key Investors:** While specific lead investors for the Series A are not detailed in recent public data, the company’s funding reflects strong interest from quantum tech-focused venture groups and strategic backers. - **Revenue Status:** OQC appears to be pre-revenue with a focus on R&D and deployment of initial systems. No public data confirms first contracts or commercial-scale revenue as of the latest updates. As a private company, market cap and stock performance data are not applicable. ### Recent News and Developments | Date | Event | Details | |---------------|--------------------------------------------|---------------------------------------------------------------------------------------------------| | Dec 20, 2025 | Strategic Partnership Announcement | OQC forms partnership with Fraunhofer EMFT to industrialize superconducting quantum hardware, as reported on X ([HPCwire](https://x.com/HPCwire/status/2002348400272867328)). | | Oct 24, 2025 | Quantum Computer Deployment | OQC deploys a quantum computer at a Quantum AI data center in New York City, integrating with Nvidia Grace Hopper superchip ([DatacenterDynamics.com](https://www.datacenterdynamics.com/en/news/oxford-quantum-circuits-deploys-quantum-computer-at-quantum-ai-data-center-in-new-york-city/)). | | Jul 26, 2024 | Oxford Quantum Hub Launch | University of Oxford, linked to OQC, leads a new UK quantum research hub to advance quantum computing technologies ([Oxford.ac.uk](https://www.ox.ac.uk/news/2024-07-26-new-oxford-quantum-hub-tackle-key-challenges-quantum-technologies)). | | Apr 10, 2025 | Leadership Updates | OQC highlights its leadership team, including CEO Gerald Mullally and CSO Peter Leek, in investment outreach ([OQC.tech](https://oqc.tech/company/invest-in-oqc-quantum)). | | Feb 6, 2023 | Investment by Quantum Exponential | Quantum Exponential Group invests £299,997 in OQC to support its quantum computing development ([TheQuantumInsider.com](https://thequantuminsider.com/2023/02/06/quantum-exponential-invests-in-oxford-quantum-circuits/)). | ### Partnerships and Collaborations - **Fraunhofer EMFT (2025):** Strategic partnership to industrialize superconducting quantum hardware, enhancing manufacturing capabilities and scalability. This collaboration is critical for transitioning OQC’s technology from research to mass production, as noted in posts on X. - **Nvidia (2025):** Integration of OQC’s quantum computer with Nvidia’s Grace Hopper superchip at a New York City data center. This partnership underscores OQC’s focus on hybrid quantum-classical computing solutions, providing strategic value for high-performance computing applications ([DatacenterDynamics.com](https://www.datacenterdynamics.com/en/news/oxford-quantum-circuits-deploys-quantum-computer-at-quantum-ai-data-center-in-new-york-city/)). - **University of Oxford:** While not a formal commercial partnership, OQC’s deep ties to Oxford’s research ecosystem, including the new quantum hub, provide access to cutting-edge research and talent, strengthening its innovation pipeline ([Oxford.ac.uk](https://www.ox.ac.uk/news/2024-07-26-new-oxford-quantum-hub-tackle-key-challenges-quantum-technologies)). ### New Hampshire Relevance OQC’s quantum computing technology has potential relevance for [[New Hampshire]], though direct connections or expressed interest in the Northeast US are not explicitly documented in current data. Assessing its fit: - **Proximity to Infrastructure:** New Hampshire’s grid infrastructure, including ISO-NE and proximity to [[Seabrook Station]], is less directly relevant for quantum computing compared to nuclear energy technologies. However, quantum systems could support data centers in the region, which are increasingly critical for grid stability and energy-intensive computing tasks. - **Technology Readiness:** OQC’s technology, with operational deployments like the New York City data center in 2025, suggests readiness for near-term applications. NH could benefit from quantum computing for optimizing grid operations or supporting data-intensive industries if deployment timelines align. - **Alignment with NH Legislative Initiatives:** While NH [[Legislation|legislation]] like HB 710 focuses on nuclear energy (SMRs), there is no direct quantum computing policy. However, quantum solutions could align with broader state goals for innovation and energy efficiency in data centers or industrial applications. - **Potential Applications:** Quantum computing could serve NH’s growing data center load by optimizing power usage and enhancing computational capabilities for industries like finance or logistics. It could also support grid power optimization through advanced simulations. - **NH Connections:** No specific ties to NH or the Northeast US are noted in current sources, though the New York City deployment indicates regional proximity and potential interest in expanding US operations. OQC’s relevance to NH is speculative and hinges on future data center or industrial partnerships in the region. ### Competitive Position OQC competes in a rapidly evolving quantum computing landscape. Compared to peers like [[IonQ]] and [[[[IBM]]]] Quantum, OQC’s focus on superconducting quantum circuits with proprietary Coaxmon architecture offers a scalability advantage. [[IonQ]], leveraging trapped-ion technology, has a strong US presence and recent partnerships like a $1 billion initiative in Maryland (noted in posts on X), positioning it as a leader in scale. IBM Quantum, with its broad ecosystem and cloud-based quantum access, leads in accessibility and integration. OQC’s unique advantage lies in its application-optimized approach and European base, potentially appealing to UK and EU markets with supportive policies. However, risks include slower US market penetration and competition from well-funded rivals with established customer bases. ### Closing Note Oxford Quantum Circuits is at an advanced development stage with operational deployments and a clear trajectory toward commercial quantum computing solutions by 2028, supported by strong funding and strategic partnerships. *Report generated December 24, 2025*