‘Switzerland of quantum computing’ raises $75M for error-correction chip
UK-based Riverlane announced today it has secured $75mn in Series C funding to meet “surging global demand” for quantum error correction — and propel it on its path toward 1 million error-free quantum operations by 2026. Quantum technologies hold the potential to forever alter the way in which we think about computation. Specifically, quantum computing can unlock a range of transformative capabilities across industries such as pharmaceuticals, logistics, and energy. But in order for that to happen, two things need to occur — scaling of the number of physical qubits and a significant reduction in error rates. Qubit neutrality There…This story continues at The Next Web
UK-based Riverlane announced today it has secured $75mn in Series C funding to meet “surging global demand” for quantum error correction — and propel it on its path toward 1 million error-free quantum operations by 2026. Quantum technologies hold the potential to forever alter the way in which we think about computation. Specifically, quantum computing can unlock a range of transformative capabilities across industries such as pharmaceuticals, logistics, and energy. But in order for that to happen, two things need to occur — scaling of the number of physical qubits and a significant reduction in error rates. Qubit neutrality There…
This story continues at The Next Web