University of Oxford spin-out Quantum Fabrix raises seed funding led by Paul Graham and appoints industry veterans to accelerate modular quantum hardware for scalable computing and secure communication.

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Oxford-based Quantum Fabrix (QFX), a provider of advanced quantum hardware, has secured £2M (approximately €2.2M) in a seed funding round led by Silicon Valley investor and Y Combinator co-founder Paul Graham.

The investment will help QFX create quantum hardware for computing, sensing, and secure communication, which are key parts of future quantum technology.

Onboards seasoned industry leaders

The company has also expanded its executive team with two senior industry figures from Infleqtion:

  • Dr Timothy Ballance has been appointed as the new CEO. He previously led Infleqtion UK as President. Under his leadership, Infleqtion UK grew from a single-person operation to a 50-strong team and delivered pioneering products, including cold atom sources and atomic clocks. 
  • Sadie Mansell has been appointed as COO. Sadie brings extensive experience in scaling quantum ventures, operational strategy, and delivering complex R&D programmes.

Additionally, several company founders will continue to play significant roles in the growth, says the company. They are:   

  • Dr Joe Goodwin will direct technical strategy at QFX as Chief Technology Officer.
  • Dr Laurent Stephenson will lead research and development as Chief Scientific Officer.
  • Dr Peter Drmota will lead innovation as Chief Innovation Officer.

“With strong investor backing and a leadership team rooted in deep technical and commercial expertise,” says Dr Ballance, “I am thrilled to be leading QFX, delivering quantum hardware which will enable the next generation of quantum systems.” 

Quantum Fabrix: Delivering scalable products for quantum computing

Founded by Associate Professor Dr Joe Goodwin and researchers from his group at the University of Oxford, Quantum Fabrix, known as QFX, was founded to use advanced trapped ion quantum computing research from the University of Oxford.

Last year, the company launched its first commercial product, a compact, high-performance atomic source designed to accelerate the development and integration of quantum systems.

Applying a modular philosophy to precision quantum engineering, QFX will provide the building blocks to revolutionise trapped ion and neutral atom quantum technologies. 

Additionally, the company established its headquarters at Begbroke Science Park, providing dedicated lab and office space for in-house research and development as well as manufacturing.

“With strong investor backing and a leadership team rooted in deep technical and commercial expertise,” said Dr Ballance, “I am thrilled to be leading QFX, delivering quantum hardware which will enable the next generation of quantum systems.”