Google backs Boston quantum startup QuEra in $230M debt round

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Quantum computing, long relegated to the realm of the theoretical, feels like it is back on the agenda as a potentially viable alternative to the expensive race for even more computing power. 

On the heels of some notable advancements in quantum chips and error correction (two key hurdles for quantum computing), a startup out of Boston called QuEra said on Tuesday that it has closed financing of $230 million from the likes of Google and SoftBank. The company will use the money to power its next stage of growth by building a “useful” fully…



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Google backs Boston quantum startup QuEra in $230M debt round


Quantum computing, long relegated to the realm of the theoretical, feels like it is back on the agenda as a potentially viable alternative to the expensive race for even more computing power. 

On the heels of some notable advancements in quantum chips and error correction (two key hurdles for quantum computing), a startup out of Boston called QuEra said on Tuesday that it has closed financing of $230 million from the likes of Google and SoftBank. The company will use the money to power its next stage of growth by building a “useful” fully…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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