QuantrolOx Raises €12 Million Series A2 to Industrialise Quantum Hardware and Expand Globally
PRESS RELEASE
26 October 2026
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:
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- 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.
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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. Learn more at www.quantrolox.com