Quantum computing startup OQT announced on the 13th that it had attracted 3 billion won in seed investment from Kakao Ventures and Bluepoint. This investment is expected to be an important stepping stone for the development and commercialization of OQT’s quantum computing technology.
OQT is researching and developing high-performance quantum processing units (QPUs), which are core components of quantum computing, and is focusing on developing QPUs using neutral atoms. QPU is a technology that processes complex calculations in parallel using qubits that can have 0 and 1 at the same time, and has the potential to solve problems that are difficult to solve with existing digital computing.
OQT's neutral atom QPU is advantageous in securing the number of qubits compared to existing charged captured ion QPUs, and has the advantage of low maintenance costs as it can be controlled by laser at room temperature without requiring a cryogenic cooler. Through this, OQT is securing the computational scalability and fidelity necessary for commercialization of quantum computing technology.
The quantum computer being developed by OQT is expected to bring about great innovation in fields that require large-scale calculations and simulations, such as improving artificial intelligence (AI) performance, developing new drugs, designing advanced materials, and optimizing problems. In addition, it is highly likely to become a core innovation technology for the national industry and economy.
Based on this seed investment, OccuTi plans to focus on technological advancement and expansion of research infrastructure, and conduct core research and development for commercialization of quantum computing. In addition, it plans to create a virtuous cycle ecosystem for the quantum industry where domestic quantum experts can be active.
Bluepoint’s Chief Judge Choi Soo-im said, “OQT is an innovative company that presents academic expertise and a clear vision for commercializing quantum computing, and we expect that they will contribute to the development of the domestic quantum computing ecosystem.” He added, “We are delighted to be working with OQT as it grows into a global deep tech company.” Kakao Ventures CEO Kim Ki-jun said, “OQT studies the invisible world, but the changes they will bring about will be tangible to everyone,” and added, “We will cheer on OQT’s challenges and innovations together.”
CEO Kim Dong-gyu said, “Based on this investment, we will increase the maturity of commercialization of quantum computers by strengthening research infrastructure and focusing R&D capabilities,” and “We will grow into a company that establishes leadership in the quantum computing industry.”
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