A British quantum computing startup, Universal Quantum, has secured $100 million in Series A funding from a diverse group of investors, including a Singapore government fund and Roblox CEO David Baszucki. The company plans to use the capital to expand its research facilities in Germany and Singapore, according to an announcement made on October 8.

The funding round was co-led by investment firms DCVC and Firgun Ventures, with additional participation from EDBI, a Singaporean government investment arm, Baszucki, and other international backers. Sebastian Weidt, Universal Quantum’s CEO, described the investor base as intentionally global and sovereign, reflecting the regions where the company intends to engage more actively. However, Weidt declined to disclose the company’s valuation.

Universal Quantum is part of a growing group of startups and corporate laboratories focused on developing quantum computers—machines designed to tackle problems beyond the reach of classical computing. Such technology holds promise for transformative advances across sectors including medicine, finance, and data security. Despite increasing interest, quantum devices remain primarily research tools at this stage.

Globally, investment in quantum technology is accelerating. The United States announced a $2 billion commitment in May to support quantum computing and chip development. Earlier this year, the United Kingdom pledged £1 billion ($1.3 billion) over four years to advance the field. Universal Quantum itself has secured contracts to build quantum computers for the German government.

Weidt noted that while the company emerged from academic research at the University of Sussex, it did not receive funding support from the UK government in this latest financing round. The infusion of capital positions Universal Quantum to enhance its capabilities as it aims to strengthen its foothold in key international markets amid growing governmental and corporate interest in the technology.