About Oxford Ionics
Oxford Ionics is a company based in Harrogate (United Kingdom) founded in 2019 by Chris Ballance and Thomas Harty was acquired by IonQ in June 2025.. Oxford Ionics has raised $38.76 million across 2 funding rounds from investors including IonQ, British Business Bank and Prosus. The company has 13 employees as of January 31, 2022. Oxford Ionics offers products and services including Quantum Computers and Trapped Ion Qubits. Oxford Ionics operates in a competitive market with competitors including Rigetti Computing, Quantum Circuits Limited, Quantum Circuits, Quantum Motion and Atlantic Quantum, among others.
- Headquarter Harrogate, United Kingdom
- Employees 13 as on 31 Jan, 2022
- Founders Chris Ballance, Thomas Harty
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Oxford Ionics Limited
- Date of Incorporation 29 Jan, 2019
- Jurisdiction BEGBROKE, ENGLAND
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Products & Services of Oxford Ionics
Oxford Ionics offers a comprehensive portfolio of products and services, including Quantum Computers and Trapped Ion Qubits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance devices using trapped ions for complex problem-solving
Scalable qubits enabling advanced quantum computing applications
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Funding Insights of Oxford Ionics
Oxford Ionics has successfully raised a total of $38.76M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.49 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.5M
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First Round
First Round
(09 Jan 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2023 | Amount | Series A - Oxford Ionics | Valuation | British Business Bank |
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| Jan, 2023 | Amount | Series A - Oxford Ionics | Valuation | Oxford Science Enterprises , Braavos |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Oxford Ionics
Oxford Ionics has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IonQ, British Business Bank and Prosus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private debt fund and fund of funds focused on startups
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Investment management services for science ventures are provided in Oxford.
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Braavos is associated with multiple companies.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Oxford Ionics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Oxford Ionics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Oxford Ionics Comparisons
Competitors of Oxford Ionics
Oxford Ionics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rigetti Computing, Quantum Circuits Limited, Quantum Circuits, Quantum Motion and Atlantic Quantum, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Full-stack quantum computing solutions using superconducting qubits are developed.
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Quantum computers using superconducting qubits are developed.
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Superconducting quantum circuits are developed for modular quantum computers.
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A scalable universal quantum computer on silicon chips is developed.
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Developer of quantum computers for computations and processing information
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oxford Ionics
Frequently Asked Questions about Oxford Ionics
When was Oxford Ionics founded?
Oxford Ionics was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Oxford Ionics located?
Oxford Ionics is headquartered in Harrogate, United Kingdom.
Who is the current CEO of Oxford Ionics?
Thomas Harty is the current CEO of Oxford Ionics. They have also founded this company.
Is Oxford Ionics a funded company?
Oxford Ionics is a funded company, having raised a total of $38.76M across 2 funding rounds to date. The company's 1st funding round was a Series A of $36.26M, raised on Jan 09, 2023.
How many employees does Oxford Ionics have?
As of Jan 31, 2022, the latest employee count at Oxford Ionics is 13.
What does Oxford Ionics do?
Oxford Ionics was founded in 2019 in Harrogate, United Kingdom, within the quantum computing sector. Superconducting qubits are utilized as physical supports for universal quantum computers, combined with trapped ions through noiseless electronic qubit control technology. Access to these systems is offered to users, enabling operations in advanced quantum processing across research and development applications in the region.
Who are the top competitors of Oxford Ionics?
Oxford Ionics's top competitors include Rigetti Computing, Quantum Motion and Atlantic Quantum.
What products or services does Oxford Ionics offer?
Oxford Ionics offers Quantum Computers and Trapped Ion Qubits.
Who are Oxford Ionics's investors?
Oxford Ionics has 9 investors. Key investors include IonQ, British Business Bank, Prosus, Oxford Science Enterprises, and Braavos.
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