QFX
Overview
QFX, officially known as Quantum Fabrix Ltd, is a notable quantum technology firm based in the United Kingdom. It was founded in 2024 as a spin-out from the University of Oxford, leveraging cutting-edge research in trapped-ion quantum computing. The company was founded by Dr. Joe Goodwin, Dr. Laurent Stephenson, and Dr. Peter Drmota, and has recently raised €2.2 million in seed funding to advance its mission to create scalable quantum technologies. The startup focuses on modular hardware for applications spanning computing, sensing, and secure communications.
Recent Developments
- October 2025: QFX successfully raised €2.2 million in a seed funding round led by Paul Graham, co-founder of Y Combinator. This capital injection is directed towards the development of modular, cross-platform quantum hardware. The investment situates QFX within a broader European surge in quantum technology activities, highlighting its potential as a key player in next-generation quantum infrastructure (EU Startups).
- October 2025: Appointed Dr. Timothy Ballance as CEO and Sadie Mansell as COO, both previously of Infleqtion, to bolster its leadership team with significant commercial and technical expertise (The Quantum Insider).
- October 2025: Announced the successful development of a compact, high-performance atomic source, a significant commercial product designed to enhance integration across quantum platforms.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2024 |
| Headquarters | Begbroke Science Park, UK |
| Founders | Dr. Joe Goodwin, Dr. Laurent Stephenson, Dr. Peter Drmota |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Paul Graham, Y Combinator |
| Industry | Quantum Technology |
| Number of Employees | Not publicly disclosed |
Early History
QFX emerged from the University of Oxford, drawing from the institution's pioneering research in trapped-ion quantum computing. Founded by Dr. Joe Goodwin and his colleagues, the company aimed to revolutionize quantum computing through scalable networked systems. The university's advanced research facilities and insights into quantum architectures provided an ideal environment for QFX’s inception. By employing a modular design philosophy, the founders sought to address the scalability issues inherent in quantum technology, a critical step towards achieving practical quantum advantage in real-world applications.
Company Profile and Achievements
QFX's business model revolves around the development of modular quantum hardware that facilitates computing, sensing, and communication applications. The company acknowledges the significant barrier in quantum technology: scaling isolated quantum experiments into interconnected systems. QFX aims to tackle this by building high-performance quantum components that integrate seamlessly into comprehensive systems.
- 2019: Dr. Joe Goodwin's research on networked quantum computing lays the groundwork for QFX.
- 2024: QFX is incorporated, leveraging years of research into trapped-ion and neutral-atom architecture.
- 2025: Raised €2.2 million through a seed round, underlining investor confidence in its scalable solutions.
- 2025: Achieves a key milestone with its first commercial product, a high-performance atomic source.
Current Operations and Market Position
Currently, QFX is focused on expanding its modular hardware capabilities to support next-generation quantum systems. The company's emphasis on scalability and cross-platform integration grants it a competitive edge in the quantum technology sector. With increasing demands for robust quantum systems across various sectors such as defense, navigation, and encryption, QFX is well-placed to become a pivotal entity in the European quantum landscape.
Conclusion
QFX stands as a promising player in the field of quantum technology, with a strategic focus on scalable, modular hardware that addresses core industry challenges. Its academic roots, coupled with its recent leadership augmentations and funding success, position it to contribute significantly to the quantum technology ecosystem. As interest in quantum technology grows, QFX’s innovative approach and strategic investments might catalyze broader advancements and commercialization of quantum solutions.