The funding round was led by Lingotto, imec.xpand, and Northern Gritstone.
"Fully Homomorphic Encryption has the power to unlock the full value of data – but despite its advantages, it is currently unviable for anything beyond basic processes – this is where Optalysys comes in. Our Enable technology allows us to turbo boost the workflows and address the underlying bottlenecks that hold FHE back."
Atomico led the Series A round with participation from existing investors including Lakestar, Kindred, and Maersk Growth.
"For those operating warehouses, ensuring 100% fulfilment ‘in time, all the time’ is crucial to meeting the demands of the modern consumer. A critical component to achieving this is high stock accuracy, but staff shortages, manual processes, and the speed demanded by customers means that critical decisions across the supply chain are currently being taken blindly,"
Sony Innovation Fund joins the second close of the funding round to support the development of silicon-based quantum computers.
"We are actively exploring investments in technologies that will be transformational with wide ranging applications. Quantum computing has the potential to have that impact, and we want to work with the companies that are best positioned to bring it to commercial scale. As our first investment in the quantum technologies space, Quantum Motion is already demonstrating tremendous advancement and leadership, and we are excited to help fuel their next stage of growth."
The London startup raised the funds from British Design Fund and other backers to move from prototype to production.
"The idea for Phare came from my own personal experience with smoke detectors. Our alarm kept going off, so naturally, being an engineer, I took it apart to take a closer look. I realised the technology was really simple and after reading up on the effectiveness of current alarms, I knew there had to be a better solution. With our engineering backgrounds, myself and Arnau felt well suited to take on the challenge!"