Quantum computing firm Oxford Quantum Circuits (OQC) has released its roadmap, targeting 200 logical qubits by 2028 and 50,000 by 2034.

The UK-based company claims it is on track to deliver viable quantum computers in three years time, with projected applications for the latter target including fraud detection, cybersecurity, drug discovery, defense, and national security.

OQC said the roadmap is based on quantum computing transitioning beyond the so-called physical era to the logical era; where the capabilities of quantum systems are defined by the number of logical qubits after they’ve been corrected for errors, rather than by the number of noisy and faulty physical qubits before they’re corrected for errors.

The company’s target of 50,000 logical qubits is more than 10 times the highest level reached in published roadmaps for other quantum computing providers, it said.

“This roadmap is a landmark for quantum computing, in the UK and globally. It shows that the moment when quantum computing begins to transform people’s lives is closer than many realize,” said Gerald Mullally, interim CEO of OQC. “This underlines the urgency with which organizations, in particular in financial services and national security, should work out their plan for a quantum-transformed world. I’m proud of what our very talented team is achieving, putting the UK at the forefront of a critically important global race to build the quantum computers that will shape our security and prosperity.”

Founded in 2017, OQC spun out of the University of Oxford and uses its own “Coaxmon” three-dimensional architecture, rather than 2D circuits, to simplify fabrication and improve the coherence of quantum systems.

The company raised $40.5 million via a Series A funding round in 2022 and an additional $100m from a Series B round in 2024. OQC claims to be the only organization to deploy quantum computers directly into commercial data centers.