6 June 2022
Cook Corporate Acts for Quantum Exponential in Universal Quantum Investment
Cook Corporate Solicitors have represented Quantum Exponential in relation to an investment of £450,000 via an advanced subscription agreement in Universal Quantum.
Universal Quantum is a company that was founded by scientists from the University of Sussex and it’s the third investment made by Quantum Exponential in a spin-out from a UK University. Universal Quantum is focused on creating the first million-qubit quantum computer. Its unique, electronic quantum computing modules are based on silicon technology where individual modules are connected using ultrafast electric field links to form an architecture that scales. From medicine to material science and much more, its work in the technology sector hopes to transform the world. Qubits are error prone and difficult to control. As a result, quantum computers are unstable, complex systems. Quantum error correction, a collection of algorithms and techniques that identify and fix errors in quantum computers is used, but for such algorithms to work, the information stored in a single qubit is distributed across other supporting qubits.
Charles Cook, Managing Partner of Cook Corporate, advised Quantum Exponential on the transaction.