Scottish Widows and Aberdeen Allocate UK Workplace Pension Capital to Oxford Quantum Circuits and Quantum Motion via LTAF

quantumcomputingreport.com Nov 7, 2026

Scottish Widows and Aberdeen Allocate UK Workplace Pension Capital to Oxford Quantum Circuits and Quantum Motion via LTAF

Curated by Shubham · TechCapsules · Nov 7, 2026

AI-summarised brief · reviewed before publication

Scottish Widows and Aberdeen Investments have launched the CG Scottish Widows Growth Long‑Term Asset Fund (LTAF), the first UK defined‑contribution pension vehicle to channel retirement savings into venture‑stage deep‑tech firms. Managed by IP Group plc, the fund earmarks its inaugural tranche for quantum‑computing hardware start‑ups Oxford Quantum Circuits and Quantum Motion, alongside battery specialist Nyobolt and genomics company Genomics Limited. The initiative seeks to plug a domestic funding gap for UK hardware spin‑outs that have traditionally relied on foreign capital or overseas listings, by embedding private‑equity stakes into default pension schemes. Oxford Quantum Circuits isolates qubit planes via vertical control‑line routing in data‑center racks, while Quantum Motion uses standard silicon fabs to produce dense qubit arrays, marking the first large‑scale pension‑backed investment in UK quantum hardware.

💡 Why It Matters

· It gives ordinary savers a direct stake in the nation’s quantum hardware race, accelerating home‑grown scaling that has long depended on overseas money.

Read full article on quantumcomputingreport.com

Physicl raises $10M to make the digital world real enough for robots

Alex de Vigan’s new startup Physicl has closed a $10 million seed round led by Inovia Capital to repurpose technology originally built for e‑commerce 3D renderings into high‑fidelity simulation tools for robot training. The company’s platform converts heterogeneous real‑world data into accurate 3D environments with correct geometry, materials and physics, addressing the chronic shortage of realistic synthetic data for physical AI models. Physicl’s first product, Studio, offers 10,000 virtual scenes and 100,000 assets that users can combine to generate targeted training data, such as recognizing a cup in cluttered or shadowed settings. Early adopters like world‑model builder SpAItial have already used the service to improve their Echo‑3 simulation suite, underscoring demand for on‑the‑fly data generation in robotics research.

💡 By enabling robots to train on instantly generated, physics‑accurate virtual worlds, Physicl could accelerate the deployment of robots in complex, unstructured environments.

techcrunch.com · Nov 7

OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation

OpenAI has secured $11 billion in a new funding round, valuing the AI lab at $1.25 trillion, Bloomberg reports. The round is still open and could reach roughly $20 billion, though the company originally aimed for $30 billion. The announcement follows Bloomberg’s report that Anthropic’s potential IPO valuation may fall to about $1.1 trillion from the previously expected $2 trillion. OpenAI had hinted at an IPO this year but postponed it, with a next‑year launch now anticipated. The move underscores the volatile market for AI firms amid regulatory concerns.

💡 The funding confirms OpenAI’s continued dominance in the AI race, while the contrasting Anthropic valuation signals a tightening market that could reshape investor expectations for AI IPOs.

thequantuminsider.com · Nov 7

UK Announces New Funding to Support Quantum Technology Commercialisation

The UK government and UKRI announced £138 million for quantum sensing procurement, £12 million for a national quantum commercialisation skills centre, and £35 million for quantum networking testbeds. These funds build on a £2 billion package and a £300 million public investment that created over 2,000 jobs, 74 spin‑outs, and attracted £482 million in private capital. The launch coincides with the UK Quantum Showcase in London, drawing 3,500 global participants to demonstrate applications in healthcare, infrastructure, and defence.

💡 By channeling substantial public money into quantum infrastructure and talent, the UK aims to close the gap between research excellence and commercial impact, positioning itself as a leader in a technology that could redefine national security and economic growth.

techcrunch.com · Nov 6

Harbinger raises $240M after expanding into defense

Harbinger, an electric‑truck startup based in Los Angeles, closed a $240 million Series D round, bringing its total capital raised to over $650 million. The round was co‑led by Tiger Global, Capricorn’s technology impact fund, and defense‑focused Ridgeline, with repeat investors Fed Ex, Maniv, Greycroft and Leitmotif, plus new backer Fidelity Management. FedEx deepened its partnership by placing a $300 million order for 2,000 trucks and appointing its senior vice president of safety and transportation, Paul Melander, to Harbinger’s board. The funding supports Harbinger’s broadened product line, which now includes battery storage, hybrid emergency vehicles and a driverless platform for military use, following its 2022 launch by ex‑Canoo and QuantumScape staff. The company is reportedly weighing an IPO.

💡 The infusion fuels Harbinger’s rapid diversification into defense and energy‑storage markets, positioning it as a rare EV player with both commercial logistics and military contracts.

techcrunch.com · Nov 5

Zipline hits $21.5B valuation as Walmart expands bet on drone delivery

Zipline raised $1.5 billion, boosting its valuation to $21.5 billion, and expanded its partnership with Walmart to add 300 drone‑delivery sites across the United States. The new multi‑year agreement builds on a 2021 deal that covered 21 sites, marking a substantial scale‑up. Funding was led by Paradigm, WCM Investment Management, and Layer Global, with participation from Valor Equity Partners, Fidelity, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures. Zipline plans to use the capital to expand U.S. manufacturing and hire additional staff for a nationwide network.

💡 The deal signals a decisive shift toward commercial drone logistics in mainstream retail, potentially reshaping last‑mile delivery models and accelerating regulatory acceptance of autonomous air freight.

thequantuminsider.com · Nov 4

CQMTEK Raises More Than $15 Million For Quantum Measurement Expansion

CQMTEK, a Zhejiang‑based quantum precision measurement firm, secured over 100 million yuan (≈US$15 million) in pre‑Series B financing from Huzhou Jinkun and Huzhou South Taihu Juchuang, funds managed by state‑owned Huzhou Jinfu. The capital will fund research, product testing, batch manufacturing, and market expansion into telecommunications, AI computing, power grids, finance, and renewable energy. The company plans to enhance existing chip‑scale atomic clocks, frequency‑stabilized lasers, atomic magnetometers, and precision timing systems, while deepening supply‑chain ties with regional backers.

💡 The funding signals strong state support for China’s quantum technology sector, positioning CQMTEK to accelerate commercial deployment of critical timing and sensing components across high‑growth industries.