Riverlane Secures $75M for Its Quantum Error Correction Technology

📅 August 7, 2024 - To deliver its revolutionary quantum error correction (QEC) roadmap, Riverlane, a worldwide supplier of quantum error correction technology, has secured $75 million in Series C investment. With a target of one million error-free quantum computer operations by 2026, the money will allow Riverlane to grow its operations in order to fulfill the rapidly increasing demand for QEC technology on the worldwide market.

Leading the round was Planet First Partners, a sustainable investment platform for European growth equities. Other participants included global investor EDBI, located in Singapore, and sustainability venture capital investors ETF Partners. The Series C round was also attended by [...][... Check source for end of article ...]

Tags: Quantum Computing

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