Riverlane, a Cambridge, UK-based quantum engineering company, raised £15M in Series B funding.
The round was led by Molten Ventures, joined by high-performance computing (HPC) leader Altair and returning investors Cambridge Innovation Capital (CIC) and Amadeus Capital Partners. Altair’s CEO and founder, James Scapa, will join the Riverlane board.
The company intends to use the funds to accelerate the development of its operating system.
Led by Steve Brierley, Founder and CEO, Riverlane is building Deltaflow.OS, an operating system for quantum computers that creates error-free logical qubits from many unstable physical qubits, enabling users to build reliable applications. to solve real world problems.
In November 2022, the company demonstrated the world’s fastest Decode solution that allows Deltaflow.OS to support far larger numbers of qubits than previously possible, while by the end of 2025, the company will develop its Decode solution into a chip-based ‘TeraQuOp’ decoder that can process up to 100TB of data per second.
The company has offices in Cambridge, UK, Boston and San Francisco, and partners with enterprise like AstraZeneca, Merck, Astex, Rolls Royce and Johnson Matthey.
FinSMEs
24/04/2023