COINTURK FINANCECOINTURK FINANCECOINTURK FINANCE
  • Investing
  • Technology News
  • Business
  • Fintech
  • Startup
  • About Us
  • Contact
Search
Health
  • About Us
  • Contact
Entertainment
  • Investing
  • Business
  • Fintech
  • Startup
© 2024 BLOCKCHAIN IT. >> COINTURK FINANCE
Powered by LK SOFTWARE
Reading: Riverlane Secures $75M to Advance Quantum Computing
Share
Font ResizerAa
COINTURK FINANCECOINTURK FINANCE
Font ResizerAa
Search
  • Investing
  • Technology News
  • Business
  • Fintech
  • Startup
  • About Us
  • Contact
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK FINANCE
Powered by LK SOFTWARE
Track all markets on TradingView
COINTURK FINANCE > Business > Riverlane Secures $75M to Advance Quantum Computing
BusinessStartup

Riverlane Secures $75M to Advance Quantum Computing

Overview

  • Riverlane raised $75M in a Series C funding round.

  • This investment aids in advancing quantum error correction technology.

  • The funding will create various new roles within the company.

COINTURK FINANCE
COINTURK FINANCE 11 months ago
SHARE

Riverlane, a quantum engineering firm based in Cambridge, announced significant progress with a $75M Series C funding round. The investment, led by Planet First Partners, marks the first Series C round for a European quantum computing company. Riverlane aims to enhance their quantum error correction (QEC) technology, which could facilitate one million error-free quantum operations by 2026, creating roles in various fields such as hardware and software engineering, quantum science, and operations.

Contents
Rising Demand for Quantum Error CorrectionBuilding Fault-Tolerant Quantum Computers

Recent funding adds to Riverlane’s momentum, following a €16.98M Series B round just four months prior. In comparison, the heightened interest and investment in quantum technology showcase the rapid evolution of this cutting-edge field. Historically, quantum computing faced challenges due to error-prone systems, but advancements in QEC technology are now paving the way for more reliable and large-scale quantum computers.

Rising Demand for Quantum Error Correction

Quantum error correction technology demand has surged, driven by technical advancements and global trends towards building error-corrected quantum systems. These developments highlight a shift from today’s limited, error-prone quantum machines to a new generation of fault-tolerant quantum computers. According to Riverlane’s CEO, Steve Brierley, quantum error correction is essential for the next wave of industry progress, moving from small, error-prone machines to large, reliable quantum computers.

“Quantum error correction is the critical enabler for the industry’s next huge wave of progress, from today’s small error-prone machines to large and reliable quantum computers that will start a new age of human progress as significant as the digital revolution. Our partners recognize the value in working with Riverlane to deliver a solution that fits their needs – we are building the right product at the right time to seize this opportunity.”

Building Fault-Tolerant Quantum Computers

Riverlane’s core product, Deltaflow, integrates proprietary QEC chips, hardware, and software technologies, aiming to drastically reduce quantum errors. This innovation could increase the number of error-free quantum operations from hundreds to millions or even trillions. The company collaborates with quantum computing entities and government bodies worldwide, including Rigetti Computing, Alice & Bob, QuEra Computing, and national labs like Oakridge National Lab and the UK’s National Quantum Computing Centre.

Planet First Partners, leading the investment, focuses on scaling tech-enabled businesses with a mission-driven approach. Nathan Medlock, Managing Partner at Planet First Partners, emphasized Riverlane’s potential to transform the quantum computing market and contribute to solving significant societal and environmental challenges through advanced QEC technology.

“We invest in companies with the potential to have a transformative impact on society and the environment. Riverlane’s focus on quantum error correction, coupled with its collaboration with quantum computer makers worldwide, can accelerate the global market and enable new quantum computing applications that can substantially contribute to solving social and environmental issues.”

The $75M Series C funding will accelerate Riverlane’s efforts to meet the rising global demand for QEC technology. This funding is crucial for Riverlane to achieve its ambitious goal of one million error-free quantum operations by 2026. The expansion will create numerous opportunities in hardware and software engineering, quantum science, and operations, reflecting the company’s pivotal role in advancing quantum computing technology.

You can follow our news on Telegram and Twitter (X)
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Netflix Reports Significant Profit Growth, Projects Increased Spending on Original Content

Federal Reserve Leverages AI to Explore Economic Impacts

Market Volatility Drives Record Trading Revenues for Wall Street Titans

Netflix Boosts Ad Strategy and Expands Entertainment Facilities

Bank of England Urges Banks to Evaluate Dollar Dependence

Share This Article
Facebook Twitter Copy Link Print
Previous Article Judge Rules Google Violated Antitrust Law
Next Article ABH Optics Secures €1M Funding to Revolutionize Eyeglass Lenses
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

PairSoft and Finexio Strengthen Embedded Payments Partnership
COINTURK FINANCE COINTURK FINANCE 10 hours ago
Netflix Faces Market Fluctuations After Q2 Earnings Release
COINTURK FINANCE COINTURK FINANCE 10 hours ago
Interstellar Group Defines Tech Identity with Cosmic Branding
COINTURK FINANCE COINTURK FINANCE 12 hours ago
Slack Expands AI Tools to Enhance Workplace Efficiency
COINTURK FINANCE COINTURK FINANCE 12 hours ago
Interstellar Embraces Cosmic Roots as It Expands IT Frontiers
COINTURK FINANCE COINTURK FINANCE 14 hours ago
//

COINTURK was launched in March 2014 by a group of tech enthusiasts focused on the internet and new technologies.

CATEGORIES

  • Investing
  • Business
  • Fintech
  • Startup

OUR PARTNERS

  • COINTURK NEWS
  • BH NEWS
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Contact
COINTURK FINANCECOINTURK FINANCE
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK FINANCE
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?