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.
