February 13, 2025 -- South Korean quantum computing startup OQT announced on the 13th that it has secured a seed investment of approximately $2.25 million (KRW 3 billion) from Kakao Ventures and Bluepoint Partners.

OQT specializes in researching and developing high-performance Quantum Processing Units (QPUs), which are essential for quantum computing. Often referred to as the brain of quantum computing, a QPU utilizes qubits that can exist in both 0 and 1 states simultaneously, enabling quantum parallel computation and rapid processing of complex operations. OQT aims to provide an integrated solution for quantum computing by developing QPUs based on neutral atoms.

Leveraging its proprietary atomic control technology, OQT is enhancing the scalability and fidelity of neutral atom QPUs. The QPU under development by OQT utilizes neutral atoms controlled by lasers, making it more advantageous for securing a greater number of qubits compared to trapped ion QPUs, which rely on charged ions. Unlike superconducting QPUs that require extreme cryogenic cooling, OQT’s technology operates at room temperature using laser cooling, significantly reducing maintenance costs.

Once commercialized, quantum computers are expected to solve complex problems that traditional digital computing struggles with. As AI performance improves exponentially, quantum computing is anticipated to drive innovation in deep-tech industries that require large-scale computation and simulation, such as drug discovery, advanced material design, and optimization problems. Moreover, it has the potential to become a next-generation innovation technology that strengthens national industries and economies.

OQT plans to accelerate the commercialization of quantum computing by advancing its QPU control technology while fostering a sustainable quantum ecosystem where domestic quantum experts can thrive. With this seed investment, the company will expand its research infrastructure and focus on developing core technologies.

Dongkyu Kim, CEO of OQT, earned his Ph.D. in mechanical engineering from the Massachusetts Institute of Technology (MIT), specializing in atomic and optics-based quantum technologies. He later became a founding member of the full-stack quantum computing startup QuEra, where he contributed to the development of a 256-qubit neutral atom quantum computer. Currently, he is a professor of physics at KAIST, balancing research and education in quantum computing. OQT is recognized as a rare team with experience in core technology research, development, and implementation in leading quantum computing startups, positioning it with strong global competitiveness.

Sooim Choi, principal analyst at Bluepoint Partners, stated that OQT, an innovative company that combines academic expertise with a clear roadmap for quantum computing commercialization, is expected to take South Korea’s quantum computing ecosystem to the next level. She added that they are excited to support OQT on its journey to becoming a global deep-tech company.

Kijun Kim, CEO of Kakao Ventures, commented that OQT is researching the invisible world, but the changes it will bring will be felt by everyone. He expressed full support for OQT’s efforts and stated that they will walk alongside them on their path to innovation.

Dongkyu Kim, CEO of OQT, concluded that with this investment, the company will strengthen its research infrastructure, focus on enhancing its core R&D capabilities, and accelerate the maturity of quantum computing commercialization. He emphasized that OQT will grow into a company that establishes leadership in the quantum computing industry.