UK-based quantum startup Riverlane secures $75m in Series C funding for quantum error-correction tech.

UK-based quantum computing startup Riverlane secures $75m in Series C funding led by Planet First Partners. The company is developing technology to fit on chips within quantum computing systems, tracking, predicting, and fixing errors in quantum bits (qubits). Riverlane's product, Deltaflow, combines quantum error correction (QEC) chips, hardware, and software to correct billions of errors per second, with the potential to surpass supercomputer capabilities and transform industries like pharmaceuticals, chemistry, and AI applications.

August 06, 2024
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