United Kingdom-based, Riverlane, a tech company that corrects quantum errors raised $75 million led by Planet First Partners in a Series C.
EDBI and ETF Partners actively backed the round. Some existing investors include Amadeus Capital Partners, CIC (Cambridge Innovation Capital), UK NSSIF (National Security Strategic Investment Fund), and Altair (computational intelligence global leader) also participated in the Series.
Riverlane Raised $75M Series C
Founder & CEO Riverlane, Steve Brierley said that the funds will be used for expansion, R&D, and marketing. The expansion helps the company to fulfill the market demand for QEC technology.
Riverlane is a tech company that provides ‘Deltaflow’, a QEC (Quantum Error Correction) Stack. The QEC stack’s core maximizes the advantage of a quantum error decoder. By 2026, The company aims to make 1 million quantum computer error-free operations.
Riverlane is partnered with government bodies and companies using quantum computing such as Alice & Bob, Rigetti Computing, Infleqtion, QuEra Computing, and many more.
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