Cambridge startup Riverlane raises £59m in Series C

Quick Summary:

Published earlier this month, Riverlane’s roadmap lays out a development path to one million (Mega) error-free quantum computer operations (QuOps) as early as the end of 2026.

Applicable to quantum computers using all major qubit types, Deltaflow comprises proprietary QEC chips, hardware and software technologies working in unison to correct billions of errors per second.

Sustainability venture capital investors ETF Partners and Singapore-based global investor, EDBI, also participated in the raise alongside existing investors Cambridge Innovation Capital (CIC); Amadeus Capital Partners, the UK’s National Security Strategic Investment Fund (NSSIF) and global leader in computational intelligence Altair.

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Article Details

Author / Journalist: Chris Maguire

Category: InvestingBusiness

Markets: United KingdomSingapore

Topics: Operations Riverlane Quantum Correction Partners National Error Computing Global Capital Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 12:48:07 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 561 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © BusinessCloud

News ID: 21959838

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