Quantum computing startup OQT has raised 3 billion KRW in seed funding from Kakao Ventures and Bluepoint to enhance its quantum processing unit development leveraging neutral atoms.

Target Information

OQT, a quantum computing startup, has secured 3 billion KRW in seed investments from Kakao Ventures and Bluepoint, as announced on the 13th of the month. The company is focused on developing quantum processing units (QPUs) based on neutral atoms, which are essential for enhanced quantum computing capabilities.

The QPU, often referred to as the brain of quantum computing, utilizes qubits (quantum bits) that can exist in a state of 0 and 1 simultaneously, allowing for rapid processing of complex calculations through quantum parallelism. OQT aims to provide integrated solutions required for quantum computing with its innovative neutral atom QPU technology.

Industry Overview in South Korea

The quantum computing industry in South Korea is burgeoning, driven by significant government investments and a strong focus on research and development. As global demand for quantum com