Riverlane is making waves in the quantum computing world with a new $75 million boost in Series C funding. This brings their total funding to over $122 million, underlining their role as a major player in the field of quantum error correction (QEC).
- Major Funding Round: Riverlane’s latest funding round was led by Planet First Partners, with contributions from ETF Partners, EDBI, Cambridge Innovation Capital, Amadeus Capital Partners, the UK’s National Security Strategic Investment Fund (NSSIF), and Altair.
- Advanced Error Correction: Riverlane’s technology integrates with quantum chips to track, predict, and fix errors in quantum bits (qubits), boosting reliability.
- Technological Leap: CEO Steve Brierley anticipates their advancements could usher in the first generation of error-corrected quantum computers, surpassing supercomputer capabilities.
- Deltaflow™ Product: Riverlane’s flagship product, Deltaflow™, combines QEC chips, hardware, and software to correct billions of errors per second. This technology promises to significantly extend the operational capacity of quantum computers from hundreds to potentially trillions of operations.
- Notable Clients: The company’s clients include Rigetti Computing, Alice & Bob, QuEra Computing, Infleqtion, Atlantic Quantum, Oak Ridge National Lab, and the UK’s NQCC.
With its groundbreaking technology and significant new investment, Riverlane is set to drive the next wave of advancements in quantum computing.
