(SierraVentures.blog) The Sierra Ventures CXO Advisory Board selected Quantum Computing as the number one next-gen technology they were interested in learning about in 2020, surpassing other technology interests including Digital Twins, Autonomous Vehicles, Augmented Reality, Blockchain, 5G, Robotics, and Digital Identity. The Sierra Ventures CXO Advisory Board is a consortium of Global 1000 IT executives – CIOs, CTOs, CDOs, CMOs, CISOs – in Financial Services, Healthcare, Telecommunications, and Technology.
The critical question for us as early-stage investors in Emerging Technology, is where to place early bets in this space despite the uncertainty of how the Quantum Computing market will shape over the next 2-10 years.
Sierra Ventures recently made an investment in a Quantum Computing company based in Australia called Q-CTRL. Q-CTRL provides software that reduces the “noise” in Quantum Computers (which causes hardware error and instability) while lengthening a qubit’s lifespan.
Quantum technology is much broader than just Quantum Computing and many opportunities for application are still being explored. One area Q-CTRL Founder Michael Biercuk is exploring is quantum control for quantum sensing.