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Riverlane’s error-correction chips could do for quantum computing what Nvidia’s GPUs did for artificial intelligence. Quantum solutions firm Riverlane recently closed a $75million Series C fundraiser off the strength of its “error-correction” stack, a service that could potentially benefit the entire quantum computing industry.  Riverlane has quietly become one of the most well-positioned startups working at the intersection of science and technology. It was the only quantum firm selected to Tech Nation’s Future Fifty 2024, a cohort picked specifically for their potential to become tech unicorns. And its latest funding round has brought its total funds raised/awarded to a reported $122 million and counting. The C round was led by Planet First Partners. Additional participants included ETF Partners, EDBI, Cambridge Innovation Capital, Amadeus Capital Partners, the United Kingdom’s National Security Strategic Investment Fund and Altair. Read more Source: https://cointelegraph.com/news/uk-based-tech-startup-nvidia-quantum?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ August 8, 2024 6:27 am