By IQT News posted 26 Jan 2021

(UK.TechNews) Riverlane, a spin-out company from the University of Cambridge that develops software and algorithms for quantum computers, has recently raised $20 million (approx £14.6 million) funding in Series A round.
The round was led by European technology venture capital fund Draper Esprit and supported by existing investors, Cambridge Innovation Capital, Amadeus Capital Partners, and the University of Cambridge.
The funding will be used to build its operating system for quantum computers – Deltaflow and expand internationally to the US, Europe, and beyond. This new funding follows a £3.25 million seed round completed by the company in June 2019.
Deltaflow creates a thriving quantum ecosystem, giving software developers access to all types of quantum computers at the right level. It provides a shared language for applications and quantum hardware development.

Subscribe to Our Email Newsletter

Stay up-to-date on all the latest news from the Quantum Technology industry and receive information and offers from third party vendors.

  • Forthcoming Events

    • IQT Fall | November 1-5, 2021
      Online & In-Person New York City
    • IQT Spring | Dates Forthcoming 2022
      Online & In-Person San Diego
    • For additional information: info@3drholdings.com
0