22 October 2026, London / Bengaluru VIDYAQAR™ open-architecture quantum system now operating in Bengaluru, targeting quantum’s scarcest resource: people QuantrolOx, the University of Oxford spin-out, has built and delivered Q-HUB@MAHE at Manipal Academy of Higher Education. It is India’s most advanced quantum centre and a project of profound national importance. At its core is VIDYAQAR™, QuantrolOx’s open-architecture quantum system, which was inaugurated on 13 October and is now operating. It is stage one of a roadmap to more than 1,000+ qubit systems at Q-HUB@MAHE. The quantum industry is running short of people. McKinsey estimates that quantum computing revenue could reach $72 billion by 2035, up from about $4 billion in 2024. Yet it also found just one qualified candidate for every three quantum job openings. India, with a ₹6,003.65 crore National Quantum Mission, is positioned to supply that talent at scale. VIDYAQAR™ is designed to train it. Engineers can open, test and replace every component, building skills on real hardware rather than on sealed systems. Before installation, QuantrolOx trained faculty and students from Manipal Academy of Higher Education, in Bengaluru and at the QuantrolOx laboratory at QuTech, Delft. Among the first trainees are seven second-year undergraduates from MAHE, whom Chatrath calls “the Magnificent Seven”. They are among the first undergraduates anywhere to train in building real quantum computing hardware. “Money is coming. Talent is missing,” said Vishal Chatrath, Co-Founder and CEO, QuantrolOx, speaking at the inauguration of Q-HUB@MAHE. “Q-HUB is India’s quantum test track, equipped on a par with the best in the world. But the most important thing Q-HUB builds isn’t a component. It’s people.” “Everyone is racing to build qubits. We build what every qubit needs: the tools to control it and people to run it,” said Srishti Mahajan, Global Head of Strategy and Corporate Development, QuantrolOx. “From Berkeley to Taipei to Bengaluru, that is where lasting value sits.” The deployment is a working example of UK-India cooperation in quantum, one of seven priority areas under the UK-India Technology Security Initiative. About QuantrolOx QuantrolOx is a University of Oxford spin-out building control software and open-architecture quantum systems, including Quantum EDGE™, VIDYAQAR™ and Quantum EDGE Academy™. Its technology powers quantum labs at UC Berkeley, Academia Sinica (Taiwan) and Q-HUB@MAHE. It operates in the UK, Finland, the United States and India. Media Contact Email: media(at)quantrolox.com

IW Capital leads Series A2 funding round alongside the European Innovation Council (EIC) Fund to support QuantrolOx’s commercial growth, quantum workforce development and expansion in North America. QuantrolOx, University of Oxford spinout headquartered in Finland with offices in the UK, Netherlands, US and India, has raised €12 million in a Series A2 funding round led by IW Capital, with co-investment from the European Innovation Council (EIC) Fund. The round also includes participation from Voima Ventures, Serendipity Capital, Hoxton Ventures and Transpose Capital. The investment will accelerate QuantrolOx’s commercial growth and international expansion, including its growing presence in North America following the opening of its first US office in Berkeley, California. The round brings QuantrolOx’s total funding to ~$31million or ~€28million. As quantum computing moves towards industrial-scale development, two major challenges remain: automating increasingly complex quantum hardware and training the workforce needed to build and operate it. QuantrolOx addresses both through three complementary products: Quantum EDGE: A hardware-agnostic measurement and automation platform that accelerates QPU development, characterisation, calibration and tuning. Quantum EDGE Academy: A practical quantum hardware training platform combining expert-developed courses with realistic simulated hardware. VIDYAQAR: An integrated, open-architecture superconducting quantum system for education, research, testing and benchmarking. Together, these products help research institutions and quantum hardware companies move from manual workflows towards scalable, automated quantum R&D while developing the engineering skills needed across the industry.  “Every industry is built on its tools and its people. QuantrolOx is building the foundations of the quantum industry: our tools industrialise quantum hardware and train the people to run it. With IW Capital and the EIC Fund behind us, we are setting the standards and accelerating the path to practical quantum computing.” – Vishal Chatrath, Co-founder and CEO, QuantrolOx “Oxford physics, Finnish engineering and a CEO with a great commercialisation track record is a rare combination. QuantrolOx has automated the slowest, most expert-dependent part of running a quantum computer, on any hardware. With research accelerating and governments investing massive amounts of capital to support it, that software only gets more valuable. We’re proud to be backing the team and look forward to helping them scale QuantrolOx into the control layer every quantum computer runs on.” – Charlie Lyon Carroll, Investment Director at IW Capital Expanding Across Europe, North America and Asia Recent milestones include a five-year collaboration agreement with UC Berkeley to advance the industrialisation of superconducting quantum computing, the opening of its Berkeley office, and the launch of Q-HUB@MAHE, at Manipal Academy of Higher Education (MAHE), India, where VIDYAQAR supports open-architecture quantum hardware development and hands on workforce training. QuantrolOx also works with international research institutions and technology partners, including Rigetti, Bluefors, QuantWare, NQCC (UK), Qblox, AQSolotl and UC Berkeley. The funding will scale Quantum EDGE deployments, expand Quantum EDGE Academy and grow the US team as the industry moves towards larger, more complex quantum systems requiring greater automation, interoperability, and skilled engineering talent. About IW Capital IW Capital is a UK-based venture capital firm investing in high-growth SMEs. The firm backs ambitious entrepreneurs building brilliant technology businesses across the UK. To date, IW Capital has invested more than £188m into companies including Strolll, Lucida Medical, Magic AI and Navigator. About QuantrolOx QuantrolOx is a University of Oxford spinout founded in 2021 and headquartered in Finland, with offices in the UK, Netherlands, US and India, developing software, systems, and training solutions for the quantum computing industry. Its products – Quantum EDGE, Quantum EDGE Academy and VIDYAQAR – support quantum hardware automation, research, testing and workforce development. Through its hardware-agnostic approach and international partnerships, QuantrolOx helps universities, research institutions, and industry teams develop and operate scalable quantum systems. Media Contact Website: www.quantrolox.com Email: media(at)quantrolox.com  

For nearly five years, 26 research institutions, companies and start-ups have joined forces in QSolid to develop a quantum computer using cutting-edge German technology: a 30-qubit quantum chip with low error rates. With several competitive demonstrators, the project has more than achieved this goal. In addition to a 10-qubit system that has already been tested and made accessible to users, the consortium is currently testing a 30-qubit system, with promising results. Using demonstration applications, such as the modelling of spin resonance processes employed in chemical analysis and magnetic resonance imaging (MRI), the interaction between hardware and software could be investigated under realistic conditions. One of the project’s technological achievements is the development of a particularly fast quantum gate that sets new international benchmarks for switching speed. Quantum gates play a crucial role in quantum computers: they perform computational operations that can change the state of a qubit, thereby forming the basis for information processing in a quantum computer. “The performance of a quantum computer depends on how many computational steps it can carry out while keeping errors to a minimum. There are two main ways to achieve this: we can either ensure that qubits retain their quantum states for longer or speed up gate operations, allowing more computational steps to be performed in the same amount of time,” explains Prof. Frank Wilhelm-Mauch of Forschungszentrum Jülich, who coordinates the large-scale project. “In QSolid, we have made important methodological advances, particularly in gate speed, that extend far beyond the project itself. They demonstrate that we have highly capable components and that the integration of hardware and software has already reached a high level of maturity,” says the quantum physicist and Director of the Peter Grünberg Institute for Quantum Computing Analytics (PGI-12). Fraunhofer IPMS: Established semiconductor technology supports the scalable manufacturing of quantum processors Fraunhofer IPMS has made significant contributions to the development of scalable quantum processors through QSolid. The focus was on the cryogenic characterization of CMOS circuits in collaboration with GlobalFoundries, ADMOS, and RacyICs. In addition, an innovative advanced packaging solution was developed jointly with Fraunhofer IZM-ASSID as part of the Center for Advanced CMOS and Heterointegration Saxony (CEASAX). So-called interposers are used to connect the quantum chip and the control chip in a space-saving manner. The key challenge is to reliably transmit signals while simultaneously protecting the sensitive quantum chips from heat. The work builds on proven processes from industrial silicon semiconductor manufacturing and contributes to the future realization of quantum processors with significantly more qubits. Dr. Benjamin Lilienthal-Uhlig of Fraunhofer IPMS explains: “Through our work on the QSolid project, we have demonstrated how proven technologies from industrial semiconductor manufacturing can be leveraged for the development of future quantum computers. The combination of cryogenic control electronics and innovative interconnection technologies is an important step toward making quantum processors more powerful and more scalable in the future.” Collaboration Between Research and Industry One of QSolid’s key achievements has been to bring together expertise previously distributed across numerous locations and partners and channel it into the joint development of a large-scale scientific instrument. “With QSolid, we have demonstrated that here in Germany we can design, manufacture and operate functional quantum processors from scratch within a short period of time. This is a crucial prerequisite for the further development of the German quantum ecosystem and a major achievement for the highly skilled students, scientists and engineers who made it possible,” explains Prof. Rami Barends, Director of the Peter Grünberg Institute for Functional Quantum Systems (PGI-13) at Forschungszentrum Jülich, which was established shortly before the project began. A professional, collaborative systems engineering approach, building on methods originally developed for the space sector, enabled specialised partners to test their technologies together and successfully combine and further develop them into integrated quantum systems. Alongside Forschungszentrum Jülich, the Leibniz Institute of Photonic Technology (Leibniz-IPHT) in Jena, the CiS Forschungsinstitut für Mikrosensorik in Erfurt, the Karlsruhe Institute of Technology (KIT) and the Physikalisch-Technische Bundesanstalt (PTB) in Braunschweig contributed their expertise. The software also reflects the close collaboration within the consortium. The software stack of the current demonstrators combines solutions from Zurich Instruments, Qruise, Bull, ParityQC and HQS Quantum Simulations. Innovative hardware components, such as connectors from Rosenberger and cables from Supracon, have also made a significant contribution to improving the performance of the quantum computers. Successful closing of the project From 27 to 29 October, project participants from different parts of Germany will gather in Jülich for the project’s closing event to present their results and discuss insights gained from their collaborative work. The achievements range from tested quantum computer prototypes accessible via the cloud to expertise that has already been translated into concrete products and services. The project, which received 76.3 million euros in funding from the Federal Ministry of Research, Technology, and Space (grant number 13N16150) has pooled expertise from across Germany and brought together partners from research and industry. By jointly developing a quantum ecosystem, the consortium has given companies early access to this emerging technology and strengthened their technological capabilities and independence. Photo credit: 30-qubit chip, ©Forschungszentrum Jülich / PGI-13