The Cambridge startup secured backing from National Grid Partners and Gresham House Ventures to scale its distributed quantum computing architecture.
"When we launched seven years ago, very few were thinking about networked or distributed quantum computing as a strategy for scaling, but we saw it as one of the most urgent and challenging outstanding problems in the industry, and set out to solve it. We’ve made great strides in shaping the market and the technology since then."
The legal technology startup secured £5m in seed funding to accelerate product development and establish its headquarters in Newcastle.
"This investment gives us the momentum we need as we move towards launch. Our priority is to build a platform that meets the expectations of legal professionals who work with complex UK-specific legislation every day. They want tools that are reliable, trustworthy and ready for real-case use."
The £7m investment was led by Pembroke VCT with participation from 212, Active Partners, Velocity, and TIBAS Ventures.
"When we launched Bolt Insight in 2019, our mission was to bring real consumer voices into the heart of business decision-making. With the launch of BoltChatAI in 2022, we proved that AI-moderated qualitative research could deliver rich insight at unprecedented speed and scale."
Barclays joins an existing roster of major banking backers that includes BNP Paribas, Citi, Danske Bank and Standard Chartered.
"We’re excited to partner with United Fintech to accelerate digital transformation across the industry. United Fintech’s approach to scaling proven fintech innovation aligns closely with our vision for future-ready financial services."